Nippon Prologis REIT,Inc. Stock Forecast
Red day on Thursday for Nippon Prologis REIT,Inc. stock after losing 1.09%
(Updated on Apr 18, 2024)
The Nippon Prologis REIT,Inc. stock price fell by -1.09% on the last day (Thursday, 18th Apr 2024) from JP¥265,000.00 to JP¥262,100.00. During the last trading day the stock fluctuated 1.72% from a day low at JP¥261,900.00 to a day high of JP¥266,400.00. The price has risen in 6 of the last 10 days and is up by 2.26% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -699 shares and in total, 5 thousand shares were bought and sold for approximately JP¥1.35 billion.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.46% during the next 3 months and, with a 90% probability hold a price between JP¥231,913.12 and JP¥269,367.98 at the end of this 3-month period.
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3283.T Signals & Forecast
The Nippon Prologis REIT,Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥262,128.57. On a fall, the stock will find some support from the long-term average at approximately JP¥258,680.00. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, March 25, 2024, and so far it has fallen -5.79%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Nippon Prologis REIT,Inc. stock
Nippon Prologis REIT,Inc. finds support from accumulated volume at JP¥260,100.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥4,500.00 (1.72%) between high and low. For the last week, the stock has had daily average volatility of 2.34%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3283.T) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Nippon Prologis REIT,Inc. to open at JP¥263,466.67, and during the day (based on 14 day Average True Range), to move between JP¥256,216.32 and JP¥267,983.68, which gives a possible trading interval of +/-JP¥5,883.68 (+/-2.24%) up or down from last closing price. If Nippon Prologis REIT,Inc. takes out the full calculated possible swing range there will be an estimated 4.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at JP¥262,600.00 (0.19%) than the support at JP¥260,100.00 (0.76%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Nippon Prologis REIT,Inc. stock A Buy?
Nippon Prologis REIT,Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.151 Sell Candidate Unchanged
Predicted Opening Price for Nippon Prologis REIT,Inc. of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| JP¥263,466.67 ( 0.521%) | JP¥262,100.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3283.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 267,966.67 | 2.24 % | |
| R2 | 266,247.67 | 1.58 % | ||
| R1 | 265,185.67 | 1.18 % | ||
| Current price: | 262,100.00 | |||
| Support | S1 | 261,747.67 | -0.134 % | |
| S2 | 260,685.67 | -0.540 % | ||
| S3 | 258,966.67 | -1.20 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 268,300.00 | 2.37 % | |
| R2 | 267,800.00 | 2.17 % | ||
| R1 | 262,600.00 | 0.191 % | ||
| Current price | 262,100.00 | |||
| Support | S1 | 260,100.00 | -0.763% | |
| S2 | 250,600.00 | -4.39% | ||
| S3 | 250,500.00 | -4.43% |
3283 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2024 | May 30, 2024 | Aug 01, 2024 | JP¥5,095.00 | 1.94% |
| 2 | May 30, 2023 | May 30, 2023 | May 30, 2023 | JP¥4,929.00 | 1.63% |
| 3 | Nov 29, 2022 | Nov 29, 2022 | Nov 29, 2022 | JP¥4,927.00 | 1.47% |
| 4 | May 30, 2022 | May 30, 2022 | May 30, 2022 | JP¥4,906.00 | 1.40% |
| 5 | Nov 29, 2021 | Nov 29, 2021 | Nov 29, 2021 | JP¥4,945.00 | 1.30% |
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