Nippon Chemical Industrial Co.,Ltd. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Nippon Chemical Industrial Co.,Ltd. stock price ended at JP¥2,756.00 on Friday, after losing 0.83%.
(Updated on Jun 28, 2024)
The Nippon Chemical Industrial Co.,Ltd. stock price fell by -0.83% on the last day (Friday, 28th Jun 2024) from JP¥2,779.00 to JP¥2,756.00. During the last trading day the stock fluctuated 2.08% from a day low at JP¥2,741.00 to a day high of JP¥2,798.00. The price has risen in 6 of the last 10 days and is up by 8.63% over the past 2 weeks. 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 -100 thousand shares and in total, 85 thousand shares were bought and sold for approximately JP¥235.09 million.
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¥2,781.80 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 6.65% during the next 3 months and, with a 90% probability hold a price between JP¥2,514.43 and JP¥2,966.87 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¥2,672.57 and JP¥2,465.31. 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). 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 Thursday, June 27, 2024, and so far it has fallen -0.83%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. 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
On the downside, the stock finds support just below today's level from accumulated volume at JP¥2,537.00 and JP¥2,497.00. 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 Chemical Industrial Co.,Ltd. finds support just below today's level at JP¥2,537.00. If this is broken, then the next support from accumulated volume will be at JP¥2,497.00 and JP¥2,420.00.
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¥57.00 between high and low, or 2.08%. For the last week, the stock has had daily average volatility of 2.44%.
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¥2,658.72 (-3.53%) (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 17 days ago.)
Trading Expectations (4092.T) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Nippon Chemical Industrial Co.,Ltd. to open at JP¥2,765.00, and during the day (based on 14 day Average True Range), to move between JP¥2,683.01 and JP¥2,828.99, which gives a possible trading interval of +/-JP¥72.99 (+/-2.65%) 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 5.30% 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¥2,779.00 (0.83%) than the support at JP¥2,537.00 (7.95%), 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?
Nippon Chemical Industrial 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.
Current score: 0.747 Hold/Accumulate Unchanged
Predicted Opening Price for Nippon Chemical Industrial Co.,Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| JP¥2,765.00 ( 0.327%) | JP¥2,756.00 |
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 | 2,822.00 | 2.39% |
| R2 | 2,800.23 | 1.60% |
| R1 | 2,786.77 | 1.12% |
| Price | 2,756.00 | |
| S1 | 2,743.23 | -0.463% |
| S2 | 2,729.77 | -0.95% |
| S3 | 2,708.00 | -1.74% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 2,779.00 | 0.83% |
| Price | 2,756.00 | |
| S1 | 2,537.00 | -7.95% |
| S2 | 2,497.00 | -9.40% |
| S3 | 2,420.00 | -12.19% |
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 | 1.26% |
| 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% |
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