NIPPON COKE & ENGINEERING CO,LTD Stock Forecast
NIPPON COKE & ENGINEERING CO,LTD stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on May 10, 2024)
The NIPPON COKE & ENGINEERING CO,LTD stock price fell by -0.787% on the last day (Friday, 10th May 2024) from JP¥127.00 to JP¥126.00. During the last trading day the stock fluctuated 4.84% from a day low at JP¥124.00 to a day high of JP¥130.00. The price has fallen in 5 of the last 10 days and is down by -4.55% for this period. Volume has increased on the last day by 3 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 4 million shares were bought and sold for approximately JP¥554.77 million.
The stock has broken the very wide and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at JP¥128.30. A reaction back to this level may hold a second chance to get out before further falls.
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3315.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 08, 2024, and so far it has risen 1.61%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The NIPPON COKE & ENGINEERING CO,LTD stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at JP¥128.29 and JP¥129.51. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for NIPPON COKE & ENGINEERING CO,LTD stock
NIPPON COKE & ENGINEERING CO,LTD finds support from accumulated volume at JP¥125.00 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¥6.00 (4.84%) between high and low. For the last week, the stock has had daily average volatility of 2.70%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3315.T) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect NIPPON COKE & ENGINEERING COMPANY,LIMITED to open at JP¥126.67, and during the day (based on 14 day Average True Range), to move between JP¥121.31 and JP¥130.69, which gives a possible trading interval of +/-JP¥4.69 (+/-3.72%) up or down from last closing price. If NIPPON COKE & ENGINEERING COMPANY,LIMITED takes out the full calculated possible swing range there will be an estimated 7.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at JP¥125.00 (0.79%) than the resistance at JP¥128.00 (1.59%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is NIPPON COKE & ENGINEERING COMPANY,LIMITED stock A Buy?
The NIPPON COKE & ENGINEERING CO,LTD stock holds several negative signals and despite the positive trend, we believe NIPPON COKE & ENGINEERING CO,LTD will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.869 Sell Candidate Downgraded
Predicted Opening Price for NIPPON COKE & ENGINEERING COMPANY,LIMITED of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| JP¥126.67 ( 0.529%) | JP¥126.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3315.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 132.67 | 5.29 % | |
| R2 | 130.37 | 3.47 % | ||
| R1 | 128.96 | 2.35 % | ||
| Current price: | 126.00 | |||
| Support | S1 | 124.37 | -1.29 % | |
| S2 | 122.96 | -2.41 % | ||
| S3 | 120.67 | -4.23 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 145.00 | 15.08 % | |
| R2 | 142.00 | 12.70 % | ||
| R1 | 128.00 | 1.59 % | ||
| Current price | 126.00 | |||
| Support | S1 | 125.00 | -0.794% | |
| S2 | 124.00 | -1.59% | ||
| S3 | 117.00 | -7.14% |
3315 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥7.00 | 4.86% |
| 2 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥4.00 | 3.48% |
| 3 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥1.00 | 1.59% |
| 4 | Mar 27, 2019 | Mar 27, 2019 | Mar 27, 2019 | JP¥3.00 | 2.97% |
| 5 | Mar 28, 2018 | Mar 28, 2018 | Mar 28, 2018 | JP¥3.00 | 2.80% |
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