NIPPON KODOSHI CORPORATION Stock Forecast

Red day on Wednesday for NIPPON KODOSHI CORPORATION stock after losing 0%
(Updated on May 22, 2024)

3891.T Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -2.04%. 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 during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days. The NIPPON KODOSHI CORPORATION stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at JP¥2,049.14 and JP¥1,972.60. A breakdown below any of these levels will issue sell signals.

Support, Risk & Stop-loss for NIPPON KODOSHI CORPORATION stock

NIPPON KODOSHI CORPORATION finds support from accumulated volume at JP¥2,052.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved JP¥18.00 between high and low, or 0.88%. For the last week, the stock has had daily average volatility of 1.53%.

Our recommended stop-loss: JP¥1,974.21 (-4.16%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 15 days ago.)

Trading Expectations (3891.T) For The Upcoming Trading Day Of Thursday 23rd

For the upcoming trading day on Thursday, 23rd we expect NIPPON KODOSHI CORPORATION to open at JP¥2,060.67, and during the day (based on 14 day Average True Range), to move between JP¥2,016.14 and JP¥2,103.86, which gives a possible trading interval of +/-JP¥43.86 (+/-2.13%) up or down from last closing price. If NIPPON KODOSHI CORPORATION takes out the full calculated possible swing range there will be an estimated 4.26% 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¥2,052.00 (0.39%) than the resistance at JP¥2,069.00 (0.44%), 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 KODOSHI CORPORATION stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for NIPPON KODOSHI CORPORATION stock to perform well in the short-term.

Current score: 1.997 Buy Candidate Unchanged

Predicted Opening Price for NIPPON KODOSHI CORPORATION of Thursday, May 23, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.