Nippon Soda Co.,Ltd. Stock Forecast
Nippon Soda Co.,Ltd. stock upgraded to Hold/Accumulate.
(Updated on May 02, 2024)
The Nippon Soda Co.,Ltd. stock price fell by -0.518% on the last day (Thursday, 2nd May 2024) from JP¥5,790.00 to JP¥5,760.00. During the last trading day the stock fluctuated 1.40% from a day low at JP¥5,720.00 to a day high of JP¥5,800.00. The price has fallen in 6 of the last 10 days and is down by -0.69% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -4 thousand shares and in total, 28 thousand shares were bought and sold for approximately JP¥161.86 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Nippon Soda Co.,Ltd. stock with a 90% probability to be traded between JP¥5,536.23 and JP¥6,107.51 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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4041.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 2.31%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Nippon Soda Co.,Ltd. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥5,925.43. On a fall, the stock will find some support from the short-term average at JP¥5,714.29. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Nippon Soda Co.,Ltd. stock
Nippon Soda Co.,Ltd. finds support from accumulated volume at JP¥5,720.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥80.00 (1.40%) between high and low. For the last week, the stock has had daily average volatility of 1.34%.
Our recommended stop-loss: JP¥5,438.53 (-5.58%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (4041.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Nippon Soda Co.,Ltd. to open at JP¥5,760.00, and during the day (based on 14 day Average True Range), to move between JP¥5,672.34 and JP¥5,847.66, which gives a possible trading interval of +/-JP¥87.66 (+/-1.52%) up or down from last closing price. If Nippon Soda Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 3.04% 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¥5,790.00 (0.52%) than the support at JP¥5,720.00 (0.69%), 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 Nippon Soda Co.,Ltd. stock A Buy?
Nippon Soda Co.,Ltd. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.247 Hold/Accumulate Upgraded
Predicted Opening Price for Nippon Soda Co.,Ltd. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥5,760.00 ( 0%) | JP¥5,760.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4041.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5,840.00 | 1.39 % | |
| R2 | 5,809.44 | 0.86 % | ||
| R1 | 5,790.56 | 0.531 % | ||
| Current price: | 5,760.00 | |||
| Support | S1 | 5,729.44 | -0.531 % | |
| S2 | 5,710.56 | -0.86 % | ||
| S3 | 5,680.00 | -1.39 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6,060.00 | 5.21 % | |
| R2 | 6,040.00 | 4.86 % | ||
| R1 | 5,790.00 | 0.521 % | ||
| Current price | 5,760.00 | |||
| Support | S1 | 5,720.00 | -0.694% | |
| S2 | 5,710.00 | -0.87% | ||
| S3 | 5,640.00 | -2.08% |
4041 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥150.00 | 3.25% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥90.00 | 2.04% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥125.00 | 3.65% |
| 5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥55.00 | 1.52% |
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