Nippon Carbide Industries Stock Forecast

Red day on Friday for Nippon Carbide Industries
(Updated on Apr 19, 2024)

4064.T Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Nippon Carbide Industries stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at JP¥1,812.43 and JP¥1,846.69. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 08, 2024, and so far it has fallen -9.90%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Monday, June 12, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Nippon Carbide Industries stock

On the downside, the stock finds support just below today's level from accumulated volume at JP¥1,562.00 and JP¥1,560.00. 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 Carbide Industries finds support just below today's level at JP¥1,562.00. If this is broken, then the next support from accumulated volume will be at JP¥1,560.00 and JP¥1,515.00.

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¥43.00 (2.46%) between high and low. For the last week, the stock has had daily average volatility of 2.43%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (4064.T) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Nippon Carbide Industries Company,Incorporated to open at JP¥1,773.33, and during the day (based on 14 day Average True Range), to move between JP¥1,736.58 and JP¥1,813.42, which gives a possible trading interval of +/-JP¥38.42 (+/-2.16%) up or down from last closing price. If Nippon Carbide Industries Company,Incorporated takes out the full calculated possible swing range there will be an estimated 4.33% 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¥1,815.00 (2.25%) than the support at JP¥1,562.00 (12.00%), 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 Carbide Industries Company,Incorporated stock A Buy?

The Nippon Carbide Industries stock holds several negative signals and despite the positive trend, we believe Nippon Carbide Industries will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.883 Sell Candidate Unchanged

Predicted Opening Price for Nippon Carbide Industries Company,Incorporated of Monday, April 22, 2024

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