TAIYO NIPPON SANSO CORPORATION Stock Forecast
TAIYO NIPPON SANSO CORPORATION stock price ended at JP¥4,600.00 on Friday, after losing 0.519%.
(Updated on May 17, 2024)
The TAIYO NIPPON SANSO CORPORATION stock price fell by -0.519% on the last day (Friday, 17th May 2024) from JP¥4,624.00 to JP¥4,600.00. During the last trading day the stock fluctuated 1.59% from a day low at JP¥4,593.00 to a day high of JP¥4,666.00. The price has risen in 6 of the last 10 days but is still down by -1.65% 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 -45 thousand shares and in total, 448 thousand shares were bought and sold for approximately JP¥2.06 billion.
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 TAIYO NIPPON SANSO CORPORATION stock with a 90% probability to be traded between JP¥4,393.34 and JP¥5,132.67 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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4091.T Signals & Forecast
The TAIYO NIPPON SANSO CORPORATION stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥4,659.71. On a fall, the stock will find some support from the long-term average at approximately JP¥4,551.46. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 6.70%. Further rise is indicated until a new top pivot has been found. 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. 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 TAIYO NIPPON SANSO CORPORATION stock
TAIYO NIPPON SANSO CORPORATION finds support from accumulated volume at JP¥4,552.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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¥73.00 between high and low, or 1.59%. For the last week, the stock has had daily average volatility of 3.14%.
Our recommended stop-loss: JP¥4,372.69 (-4.94%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (4091.T) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect TAIYO NIPPON SANSO CORPORATION to open at JP¥4,619.67, and during the day (based on 14 day Average True Range), to move between JP¥4,453.26 and JP¥4,746.74, which gives a possible trading interval of +/-JP¥146.74 (+/-3.19%) up or down from last closing price. If TAIYO NIPPON SANSO CORPORATION takes out the full calculated possible swing range there will be an estimated 6.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at JP¥4,552.00 (1.04%) than the resistance at JP¥4,749.00 (3.24%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is TAIYO NIPPON SANSO CORPORATION stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for TAIYO NIPPON SANSO CORPORATION stock to perform well in the short-term period.
Current score: 2.282 Buy Candidate Unchanged
Predicted Opening Price for TAIYO NIPPON SANSO CORPORATION of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| JP¥4,619.67 ( 0.428%) | JP¥4,600.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4091.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,692.67 | 2.01 % | |
| R2 | 4,664.78 | 1.41 % | ||
| R1 | 4,647.55 | 1.03 % | ||
| Current price: | 4,600.00 | |||
| Support | S1 | 4,591.78 | -0.179 % | |
| S2 | 4,574.55 | -0.553 % | ||
| S3 | 4,546.67 | -1.16 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,997.00 | 8.63 % | |
| R2 | 4,821.00 | 4.80 % | ||
| R1 | 4,749.00 | 3.24 % | ||
| Current price | 4,600.00 | |||
| Support | S1 | 4,552.00 | -1.04% | |
| S2 | 4,547.00 | -1.15% | ||
| S3 | 4,338.00 | -5.70% |
4091 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥20.00 | 0.84% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥18.00 | 0.773% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥18.00 | 0.770% |
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