Nippon Chemical Industrial Co.,Ltd. Stock Forecast
Nippon Chemical Industrial Co.,Ltd. stock price ended at JP¥2,629.00 on Tuesday, after gaining 0.689%.
(Updated on Jun 25, 2024)
The Nippon Chemical Industrial Co.,Ltd. stock price gained 0.689% on the last trading day (Tuesday, 25th Jun 2024), rising from JP¥2,611.00 to JP¥2,629.00. During the last trading day the stock fluctuated 1.54% from a day low at JP¥2,594.00 to a day high of JP¥2,634.00. The price has risen in 7 of the last 10 days and is up by 11.26% over the past 2 weeks. Volume fell on the last day by -6 thousand shares and in total, 41 thousand shares were bought and sold for approximately JP¥107.79 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 lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at JP¥2,694.61 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 3.95% during the next 3 months and, with a 90% probability hold a price between JP¥2,425.32 and JP¥2,801.08 at the end of this 3-month period.
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4092.T Signals & Forecast
The Nippon Chemical Industrial 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¥2,615.00 and JP¥2,435.03. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A sell signal was issued from a pivot top point on Wednesday, June 19, 2024, and so far it has fallen -2.19%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Thursday, July 20, 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.
Golden Star 12 Months
The stock had a Golden Star Signal on Thursday, July 20, 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 Chemical Industrial Co.,Ltd. stock
Nippon Chemical Industrial Co.,Ltd. finds support from accumulated volume at JP¥2,537.00 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¥40.00 between high and low, or 1.54%. For the last week, the stock has had daily average volatility of 2.55%.
The Nippon Chemical Industrial Co.,Ltd. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: JP¥2,543.73 (-3.24%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 76 and this increases the risk substantially. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (4092.T) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Nippon Chemical Industrial Co.,Ltd. to open at JP¥2,619.00, and during the day (based on 14 day Average True Range), to move between JP¥2,557.77 and JP¥2,700.23, which gives a possible trading interval of +/-JP¥71.23 (+/-2.71%) up or down from last closing price. If Nippon Chemical Industrial Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 5.42% 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¥2,660.00 (1.18%) than the support at JP¥2,537.00 (3.50%), 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 Chemical Industrial Co.,Ltd. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Nippon Chemical Industrial Co.,Ltd. stock to perform well in the short-term.
Current score: 2.084 Buy Candidate Unchanged
Predicted Opening Price for Nippon Chemical Industrial Co.,Ltd. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| JP¥2,619.00 ( 0.380%) | JP¥2,629.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4092.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,659.00 | 1.14% |
| R2 | 2,643.72 | 0.560% |
| R1 | 2,634.28 | 0.201% |
| Price | 2,629.00 | |
| S1 | 2,603.72 | -0.96% |
| S2 | 2,594.28 | -1.32% |
| S3 | 2,579.00 | -1.90% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 2,688.00 | 2.24% |
| R1 | 2,660.00 | 1.18% |
| Price | 2,629.00 | |
| S1 | 2,537.00 | -3.50% |
| S2 | 2,497.00 | -5.02% |
| S3 | 2,420.00 | -7.95% |
4092 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 | Jun 27, 2024 | JP¥35.00 | 1.33% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Dec 05, 2023 | JP¥35.00 | 1.78% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥35.00 | 1.80% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥35.00 | 1.87% |
FAQ
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