NIPPON SHOKUBAI CO.,LTD. Stock Forecast
Red day on Wednesday for NIPPON SHOKUBAI CO.,LTD.
(Updated on Apr 24, 2024)
The NIPPON SHOKUBAI CO.,LTD. stock price fell by -0.540% on the last day (Wednesday, 24th Apr 2024) from JP¥1,482.50 to JP¥1,474.50. During the last trading day the stock fluctuated 1.30% from a day low at JP¥1,465.00 to a day high of JP¥1,484.00. The price has fallen in 7 of the last 10 days and is down by -3.69% 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 -3 thousand shares and in total, 237 thousand shares were bought and sold for approximately JP¥349.31 million.
The stock lies in the middle of a very 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 -54.45% during the next 3 months and, with a 90% probability hold a price between JP¥39.19 and JP¥1,976.61 at the end of this 3-month period.
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4114.T Signals & Forecast
There are mixed signals in the stock today. The NIPPON SHOKUBAI CO.,LTD. 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¥1,482.36 and JP¥3,345.00. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Tuesday, April 02, 2024, and so far it has risen 1.90%. 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).
Support, Risk & Stop-loss for NIPPON SHOKUBAI CO.,LTD. stock
NIPPON SHOKUBAI CO.,LTD. finds support from accumulated volume at JP¥1,466.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved JP¥19.00 between high and low, or 1.30%. For the last week, the stock has had daily average volatility of 1.53%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (4114.T) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect NIPPON SHOKUBAI CO.,LTD. to open at JP¥1,474.50, and during the day (based on 14 day Average True Range), to move between JP¥1,355.55 and JP¥1,593.45, which gives a possible trading interval of +/-JP¥118.95 (+/-8.07%) up or down from last closing price. If NIPPON SHOKUBAI CO.,LTD. takes out the full calculated possible swing range there will be an estimated 16.13% 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¥1,475.50 (0.07%) than the support at JP¥1,466.00 (0.58%), 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 SHOKUBAI CO.,LTD. stock A Buy?
NIPPON SHOKUBAI CO.,LTD. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.492 Sell Candidate Unchanged
Predicted Opening Price for NIPPON SHOKUBAI CO.,LTD. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| JP¥1,474.50 ( 0%) | JP¥1,474.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4114.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,493.50 | 1.29 % | |
| R2 | 1,486.24 | 0.796 % | ||
| R1 | 1,481.76 | 0.492 % | ||
| Current price: | 1,474.50 | |||
| Support | S1 | 1,467.24 | -0.492 % | |
| S2 | 1,462.76 | -0.796 % | ||
| S3 | 1,455.50 | -1.29 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,546.00 | 4.85 % | |
| R2 | 1,487.50 | 0.88 % | ||
| R1 | 1,475.50 | 0.0678 % | ||
| Current price | 1,474.50 | |||
| Support | S1 | 1,466.00 | -0.576% | |
| S2 | 1,450.00 | -1.66% | ||
| S3 | 1,447.00 | -1.87% |
4114 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥90.00 | 6.94% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥90.00 | 6.68% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥5.00 | 0.372% |
| 5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥5.00 | 0.348% |
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