Nousouken Corporation Stock Forecast
Nousouken Corporation stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Apr 26, 2024)
The Nousouken Corporation stock price gained 0.709% on the last trading day (Friday, 26th Apr 2024), rising from JP¥282.00 to JP¥284.00. During the last trading day the stock fluctuated 2.50% from a day low at JP¥280.00 to a day high of JP¥287.00. The price has been going up and down for this period, and there has been a -0.35% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 18 thousand more shares were traded than the day before. In total, 33 thousand shares were bought and sold for approximately JP¥9.26 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.25% during the next 3 months and, with a 90% probability hold a price between JP¥283.50 and JP¥316.21 at the end of this 3-month period.
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3541.T Signals & Forecast
There are mixed signals in the stock today. The Nousouken Corporation stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥284.80. On a fall, the stock will find some support from the short-term average at JP¥282.71. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -1.05%. 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 is rising along with the price. This is considered to be a good technical signal. The stock had a Golden Star Signal on Tuesday, February 20, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Tuesday, February 20, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A sell signal from a double top formation was found on Friday, March 29, 2024 and based on theory for this formation the price should fall by -12.89% to JP¥247.38 within 21 trading days since signal was issued (Tuesday, April 30, 2024).
Support, Risk & Stop-loss for Nousouken Corporation stock
Nousouken Corporation finds support from accumulated volume at JP¥278.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved JP¥7.00 between high and low, or 2.50%. For the last week the stock has had daily average volatility of 2.07%.
Our recommended stop-loss: JP¥271.40 (-4.44%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (3541.T) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect Nousouken Corporation to open at JP¥283.67, and during the day (based on 14 day Average True Range), to move between JP¥276.50 and JP¥291.50, which gives a possible trading interval of +/-JP¥7.50 (+/-2.64%) up or down from last closing price. If Nousouken Corporation takes out the full calculated possible swing range there will be an estimated 5.28% 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¥287.00 (1.06%) than the support at JP¥278.00 (2.11%), 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 Nousouken Corporation stock A Buy?
Nousouken Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.151 Hold/Accumulate Upgraded
Predicted Opening Price for Nousouken Corporation of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| JP¥283.67 ( 0.117%) | JP¥284.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3541.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 290.67 | 2.35 % | |
| R2 | 287.99 | 1.41 % | ||
| R1 | 286.34 | 0.82 % | ||
| Current price: | 284.00 | |||
| Support | S1 | 280.99 | -1.06 % | |
| S2 | 279.34 | -1.64 % | ||
| S3 | 276.67 | -2.58 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 295.00 | 3.87 % | |
| R2 | 293.00 | 3.17 % | ||
| R1 | 287.00 | 1.06 % | ||
| Current price | 284.00 | |||
| Support | S1 | 278.00 | -2.11% | |
| S2 | 277.00 | -2.46% | ||
| S3 | 275.00 | -3.17% |
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