Nomura System Corporation Co,Ltd. Stock Forecast
Green day on Thursday for Nomura System Corporation Co,Ltd.
(Updated on May 02, 2024)
The Nomura System Corporation Co,Ltd. stock price gained 0.763% on the last trading day (Thursday, 2nd May 2024), rising from JP¥131.00 to JP¥132.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.10% from a day low at JP¥129.00 to a day high of JP¥133.00. The price has risen in 5 of the last 10 days and is up by 5.6% over the past 2 weeks. Volume fell on the last day by -85 thousand shares and in total, 157 thousand shares were bought and sold for approximately JP¥20.74 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 upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at JP¥133.69 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 14.19% during the next 3 months and, with a 90% probability hold a price between JP¥134.83 and JP¥152.67 at the end of this 3-month period.
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3940.T Signals & Forecast
The Nomura System Corporation Co,Ltd. 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¥129.00 and JP¥121.06. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Nomura System Corporation Co,Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥122.00 and JP¥120.00. 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, Nomura System Corporation Co,Ltd. finds support just below today's level at JP¥122.00. If this is broken, then the next support from accumulated volume will be at JP¥120.00 and JP¥118.00.
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¥4.00 between high and low, or 3.10%. For the last week, the stock has had daily average volatility of 2.85%.
Our recommended stop-loss: JP¥127.75 (-3.22%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (3940.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Nomura System Corporation Co,Ltd. to open at JP¥131.33, and during the day (based on 14 day Average True Range), to move between JP¥126.70 and JP¥137.30, which gives a possible trading interval of +/-JP¥5.30 (+/-4.01%) up or down from last closing price. If Nomura System Corporation Co,Ltd. takes out the full calculated possible swing range there will be an estimated 8.03% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥122.00, some JP¥10.00 (7.58%) from the current price of JP¥132.00, our system finds the risk reward attractive.
Is Nomura System Corporation Co,Ltd. 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 Nomura System Corporation Co,Ltd. stock to perform well in the short-term.
Current score: 3.602 Buy Candidate Unchanged
Predicted Opening Price for Nomura System Corporation Co,Ltd. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥131.33 ( 0.505%) | JP¥132.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3940.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 135.33 | 2.53 % | |
| R2 | 133.81 | 1.37 % | ||
| R1 | 132.86 | 0.653 % | ||
| Current price: | 132.00 | |||
| Support | S1 | 129.81 | -1.66 % | |
| S2 | 128.86 | -2.38 % | ||
| S3 | 127.33 | -3.54 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 132.00 | |||
| Support | S1 | 122.00 | -7.58% | |
| S2 | 120.00 | -9.09% | ||
| S3 | 118.00 | -10.61% |
3940 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2024 | Dec 27, 2024 | Dec 27, 2024 | JP¥0 | 0% |
| 2 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥3.25 | 2.83% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥3.25 | 2.37% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | JP¥2.75 | 1.50% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | JP¥2.75 | 1.85% |
FAQ
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