TAIYO NIPPON SANSO CORPORATION Stock Forecast
Stronger technical forecast for TAIYO NIPPON SANSO CORPORATION stock price after Friday trading.
(Updated on May 31, 2024)
The TAIYO NIPPON SANSO CORPORATION stock price gained 2.64% on the last trading day (Friday, 31st May 2024), rising from JP¥4,516.00 to JP¥4,635.00. During the last trading day the stock fluctuated 2.63% from a day low at JP¥4,523.00 to a day high of JP¥4,642.00. The price has risen in 6 of the last 10 days and is up by 0.76% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 287 thousand more shares were traded than the day before. In total, 729 thousand shares were bought and sold for approximately JP¥3.38 billion.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.31% during the next 3 months and, with a 90% probability hold a price between JP¥3,985.38 and JP¥4,496.25 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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4091.T Signals & Forecast
The TAIYO NIPPON SANSO CORPORATION stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at JP¥4,527.29 and JP¥4,530.86. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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, May 14, 2024, and so far it has fallen -2.40%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
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.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved JP¥119.00 between high and low, or 2.63%. For the last week the stock has had daily average volatility of 2.25%.
Our recommended stop-loss: JP¥4,437.36 (-4.26%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 23 days ago.)
Trading Expectations (4091.T) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect TAIYO NIPPON SANSO CORPORATION to open at JP¥4,600.00, and during the day (based on 14 day Average True Range), to move between JP¥4,512.49 and JP¥4,757.51, which gives a possible trading interval of +/-JP¥122.51 (+/-2.64%) 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 5.29% 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 (1.79%) than the resistance at JP¥4,749.00 (2.46%), 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?
TAIYO NIPPON SANSO CORPORATION 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: 0.593 Hold/Accumulate Upgraded
Predicted Opening Price for TAIYO NIPPON SANSO CORPORATION of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| JP¥4,600.00 ( 0.755%) | JP¥4,635.00 |
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 | 4,719.00 | 1.81 % | |
| R2 | 4,673.54 | 0.83 % | ||
| R1 | 4,645.46 | 0.226 % | ||
| Current price: | 4,635.00 | |||
| Support | S1 | 4,554.54 | -1.74 % | |
| S2 | 4,526.46 | -2.34 % | ||
| S3 | 4,481.00 | -3.32 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,997.00 | 7.81 % | |
| R2 | 4,821.00 | 4.01 % | ||
| R1 | 4,749.00 | 2.46 % | ||
| Current price | 4,635.00 | |||
| Support | S1 | 4,552.00 | -1.79% | |
| S2 | 4,547.00 | -1.90% | ||
| S3 | 4,439.00 | -4.23% |
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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