Nomura System Corporation Co,Ltd. Stock Forecast
Green day on Friday for Nomura System Corporation Co,Ltd. stock after gaining 1.44%
(Updated on May 17, 2024)
The Nomura System Corporation Co,Ltd. stock price gained 1.44% on the last trading day (Friday, 17th May 2024), rising from JP¥139.00 to JP¥141.00. During the last trading day the stock fluctuated 8.09% from a day low at JP¥136.00 to a day high of JP¥147.00. The price has risen in 7 of the last 10 days and is up by 7.63% over the past 2 weeks. Volume fell on the last day by -110 thousand shares and in total, 634 thousand shares were bought and sold for approximately JP¥89.39 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 has broken the wide and 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¥138.96, a level that may pose a second chance to hit a runner. According to fan-theory JP¥153.55 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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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¥135.71 and JP¥125.83. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 15, 2024, and so far it has risen 7.63%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
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¥133.00 and JP¥122.00. 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¥133.00. If this is broken, then the next support from accumulated volume will be at JP¥122.00 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¥11.00 between high and low, or 8.09%. For the last week, the stock has had daily average volatility of 5.89%.
Our recommended stop-loss: JP¥136.54 (-3.16%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (3940.T) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Nomura System Corporation Co,Ltd. to open at JP¥141.33, and during the day (based on 14 day Average True Range), to move between JP¥134.36 and JP¥147.64, which gives a possible trading interval of +/-JP¥6.64 (+/-4.71%) 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 9.42% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥133.00, some JP¥8.00 (5.67%) from the current price of JP¥141.00, our system finds the risk reward attractive.
Is Nomura System Corporation Co,Ltd. stock A Buy?
Nomura System Corporation Co,Ltd. holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 8.713 Strong Buy Candidate Unchanged
Predicted Opening Price for Nomura System Corporation Co,Ltd. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| JP¥141.33 ( 0.236%) | JP¥141.00 |
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 | 152.33 | 8.04 % | |
| R2 | 148.13 | 5.06 % | ||
| R1 | 145.54 | 3.22 % | ||
| Current price: | 141.00 | |||
| Support | S1 | 137.13 | -2.74 % | |
| S2 | 134.54 | -4.58 % | ||
| S3 | 130.33 | -7.57 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 141.00 | |||
| Support | S1 | 133.00 | -5.67% | |
| S2 | 122.00 | -13.48% | ||
| S3 | 118.00 | -16.31% |
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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