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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of 3891.T
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NIPPON KODOSHI CORPORATION stock downgraded to Hold/Accumulate
(Updated on Jun 14, 2024)

Buy or Hold candidate since Mar 05, 2024 Gain 26.93% PDF

The NIPPON KODOSHI CORPORATION stock price gained 3.11% on the last trading day (Friday, 14th Jun 2024), rising from JP¥2,217.00 to JP¥2,286.00. During the last trading day the stock fluctuated 3.21% from a day low at JP¥2,215.00 to a day high of JP¥2,286.00. The price has risen in 6 of the last 10 days and is up by 11.24% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 45 thousand more shares were traded than the day before. In total, 74 thousand shares were bought and sold for approximately JP¥169.85 million.

The stock has broken the strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at JP¥2,269.33, a level that may pose a second chance to hit a runner. According to fan-theory JP¥2,467.38 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

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3891.T Signals & Forecast

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¥2,213.43 and JP¥2,080.09. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 14.30%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy 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.

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

On the downside, the stock finds support just below today's level from accumulated volume at JP¥2,052.00 and JP¥2,051.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, NIPPON KODOSHI CORPORATION finds support just below today's level at JP¥2,052.00. If this is broken, then the next support from accumulated volume will be at JP¥2,051.00 and JP¥1,976.00.

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¥71.00 between high and low, or 3.21%. For the last week, the stock has had daily average volatility of 1.99%.

The NIPPON KODOSHI CORPORATION stock is extremely overbought on RSI14 (85). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: JP¥2,210.56 (-3.30%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 85 and this increases the risk substantially. There is a buy signal from a pivot bottom found 28 days ago.)

Trading Expectations (3891.T) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect NIPPON KODOSHI CORPORATION to open at JP¥2,262.33, and during the day (based on 14 day Average True Range), to move between JP¥2,240.51 and JP¥2,331.49, which gives a possible trading interval of +/-JP¥45.49 (+/-1.99%) up or down from last closing price. If NIPPON KODOSHI CORPORATION takes out the full calculated possible swing range there will be an estimated 3.98% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ JP¥2,052.00, some JP¥234.00 (10.24%) from the current price of JP¥2,286.00, our system finds the risk reward attractive.

Is NIPPON KODOSHI CORPORATION stock A Buy?

NIPPON KODOSHI 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for NIPPON KODOSHI CORPORATION of Monday, June 17, 2024

Fair opening price June 17, 2024 Current price
JP¥2,262.33 ( 1.04%) JP¥2,286.00

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

Trading levels for 3891.T

Fibonacci Support & Resistance Levels

Level Price
R3 2,333.33 2.07%
R2 2,306.21 0.88%
R1 2,289.46 0.151%
Price 2,286.00
S1 2,235.21 -2.22%
S2 2,218.46 -2.95%
S3 2,191.33 -4.14%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0 -
R2 0 -
R1 0 -
Price 2,286.00
S1 2,052.00 -10.24%
S2 2,051.00 -10.28%
S3 1,976.00 -13.56%

3891 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Sep 27, 2024 Sep 27, 2024 Sep 27, 2024 JP¥0 0%
2 Mar 28, 2024 Mar 28, 2024 Jun 21, 2024 JP¥25.00 1.09%
3 Sep 28, 2023 Sep 28, 2023 Dec 04, 2023 JP¥25.00 1.41%
4 Mar 30, 2023 Mar 30, 2023 Mar 30, 2023 JP¥35.00 1.78%
5 Sep 29, 2022 Sep 29, 2022 Sep 29, 2022 JP¥15.00 0.736%

FAQ

What is the symbol for NIPPON KODOSHI CORPORATION Stock and on which exchange is it traded?
The symbol for NIPPON KODOSHI CORPORATION is 3891.T and it is traded on the TYO (Tokyo Stock Exchange).

Should I buy or sell NIPPON KODOSHI CORPORATION Stock?
NIPPON KODOSHI 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy NIPPON KODOSHI CORPORATION Stock?
NIPPON KODOSHI CORPORATION Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy NIPPON KODOSHI CORPORATION Stock.

What's the current price of NIPPON KODOSHI CORPORATION Stock?
As of the end of day on the Jun 14, 2024, the price of an NIPPON KODOSHI CORPORATION (3891.T) share was JP¥2,286.00.

What is the 52-week high and low for NIPPON KODOSHI CORPORATION Stock?
The 52-week high for NIPPON KODOSHI CORPORATION Stock is JP¥2,286.00 and the 52-week low is JP¥1,661.00.

What is the market capitalization of NIPPON KODOSHI CORPORATION Stock?
As of the Jun 14, 2024, the market capitalization of NIPPON KODOSHI CORPORATION is 24.306B.
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About NIPPON KODOSHI CORPORATION

Nippon Kodoshi Corporation manufactures and sells separators in Japan and internationally. The company offers aluminum electrolytic capacitors for electronic devices and home appliances; separators for conductive polymer solid capacitors that are used for digital home appliances, such as PC and flat TV; and separators for electric double layer capacitors that are used for OA equipment, industrial machines, eco-car, and clean energy. It also provi... 3891.T Profile

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