NEOJAPAN Inc. Stock Forecast
NEOJAPAN Inc. stock upgraded from Sell Candidate to Buy Candidate after Friday trading session.
(Updated on May 31, 2024)
The NEOJAPAN Inc. stock price gained 3.22% on the last trading day (Friday, 31st May 2024), rising from JP¥1,427.00 to JP¥1,473.00. During the last trading day the stock fluctuated 2.92% from a day low at JP¥1,438.00 to a day high of JP¥1,480.00. The price has fallen in 8 of the last 10 days and is down by -1.73% for this period. Volume fell on the last day by -36 thousand shares and in total, 31 thousand shares were bought and sold for approximately JP¥45.07 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and strong 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 30.97% during the next 3 months and, with a 90% probability hold a price between JP¥1,770.86 and JP¥2,178.01 at the end of this 3-month period.
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3921.T Signals & Forecast
A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -4.66%. 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). Some positive signals were issued as well, and these may have some influence on the near short-term development. The NEOJAPAN Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at JP¥1,392.29 and JP¥1,458.11. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for NEOJAPAN Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥1,372.00 and JP¥1,254.00. 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, NEOJAPAN Inc. finds support just below today's level at JP¥1,372.00. If this is broken, then the next support from accumulated volume will be at JP¥1,254.00 and JP¥1,249.00.
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¥42.00 between high and low, or 2.92%. For the last week, the stock has had daily average volatility of 4.36%.
Our recommended stop-loss: JP¥1,396.34 (-5.20%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 37 days ago.)
Trading Expectations (3921.T) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect NEOJAPAN Inc. to open at JP¥1,463.67, and during the day (based on 14 day Average True Range), to move between JP¥1,425.12 and JP¥1,520.88, which gives a possible trading interval of +/-JP¥47.88 (+/-3.25%) up or down from last closing price. If NEOJAPAN Inc. takes out the full calculated possible swing range there will be an estimated 6.50% 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¥1,533.00 (4.07%) than the support at JP¥1,372.00 (6.86%), 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 NEOJAPAN Inc. stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.480 Buy Candidate Upgraded
Predicted Opening Price for NEOJAPAN Inc. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| JP¥1,463.67 ( 0.634%) | JP¥1,473.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3921.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,505.67 | 2.22 % | |
| R2 | 1,489.62 | 1.13 % | ||
| R1 | 1,479.71 | 0.456 % | ||
| Current price: | 1,473.00 | |||
| Support | S1 | 1,447.62 | -1.72 % | |
| S2 | 1,437.71 | -2.40 % | ||
| S3 | 1,421.67 | -3.48 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,539.00 | 4.48 % | |
| R2 | 1,535.00 | 4.21 % | ||
| R1 | 1,533.00 | 4.07 % | ||
| Current price | 1,473.00 | |||
| Support | S1 | 1,372.00 | -6.86% | |
| S2 | 1,254.00 | -14.87% | ||
| S3 | 1,249.00 | -15.21% |
3921 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 30, 2025 | Jan 30, 2025 | Jan 30, 2025 | JP¥0 | 0% |
| 2 | Jan 30, 2023 | Jan 30, 2023 | Jan 30, 2023 | JP¥1.00 | 0.0997% |
| 3 | Jan 28, 2022 | Jan 28, 2022 | Jan 28, 2022 | JP¥14.00 | 1.40% |
| 4 | Jan 28, 2021 | Jan 28, 2021 | Jan 28, 2021 | JP¥7.50 | 0.395% |
| 5 | Jan 30, 2020 | Jan 30, 2020 | Jan 30, 2020 | JP¥7.50 | 0.653% |
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