Nomura Research Institute,Ltd. Stock Forecast
Nomura Research Institute,Ltd. stock downgraded from Strong Buy Candidate to Buy Candidate after Wednesday trading session.
(Updated on Jun 26, 2024)
The Nomura Research Institute,Ltd. stock price gained 1.19% on the last trading day (Wednesday, 26th Jun 2024), rising from JP¥4,524.00 to JP¥4,578.00. It has now gained 7 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 2.26% from a day low at JP¥4,477.00 to a day high of JP¥4,578.00. The price has risen in 9 of the last 10 days and is up by 9.81% over the past 2 weeks. Volume fell on the last day by -318 thousand shares and in total, 2 million shares were bought and sold for approximately JP¥7.91 billion. 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.
Given the current short-term trend, the stock is expected to rise 5.27% during the next 3 months and, with a 90% probability hold a price between JP¥4,188.77 and JP¥4,819.19 at the end of this 3-month period.
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4307.T Signals & Forecast
Mostly positive signals in the chart today. The Nomura Research Institute,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¥4,379.86 and JP¥4,217.43. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 19.37%. 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). 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.
Support, Risk & Stop-loss for Nomura Research Institute,Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥4,204.00 and JP¥3,940.00. 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, Nomura Research Institute,Ltd. finds support just below today's level at JP¥4,204.00. If this is broken, then the next support from accumulated volume will be at JP¥3,940.00 and JP¥3,835.00.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥101.00 (2.26%) between high and low. For the last week, the stock has had daily average volatility of 2.36%.
The Nomura Research Institute,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. Since the Nomura Research Institute,Ltd. has been rising for 7 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: JP¥4,452.56 (-2.74%) (This stock has low daily movements and this gives low risk. The RSI14 is 88 and this increases the risk substantially. There is a buy signal from a pivot bottom found 62 days ago.)
Trading Expectations (4307.T) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Nomura Research Institute,Ltd. to open at JP¥4,544.33, and during the day (based on 14 day Average True Range), to move between JP¥4,487.59 and JP¥4,668.41, which gives a possible trading interval of +/-JP¥90.41 (+/-1.97%) up or down from last closing price. If Nomura Research Institute,Ltd. takes out the full calculated possible swing range there will be an estimated 3.95% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥4,204.00, some JP¥374.00 (8.17%) from the current price of JP¥4,578.00, our system finds the risk reward attractive.
Is Nomura Research Institute,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 Nomura Research Institute,Ltd. stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 3.919 Buy Candidate Downgraded
Predicted Opening Price for Nomura Research Institute,Ltd. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| JP¥4,544.33 ( 0.735%) | JP¥4,578.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4307.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4,645.33 | 1.47% |
| R2 | 4,606.75 | 0.628% |
| R1 | 4,582.92 | 0.107% |
| Price | 4,578.00 | |
| S1 | 4,505.75 | -1.58% |
| S2 | 4,481.92 | -2.10% |
| S3 | 4,443.33 | -2.94% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 4,578.00 | |
| S1 | 4,204.00 | -8.17% |
| S2 | 3,940.00 | -13.94% |
| S3 | 3,835.00 | -16.23% |
4307 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 | May 31, 2024 | JP¥29.00 | 0.690% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Nov 30, 2023 | JP¥24.00 | 0.578% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥23.00 | 0.747% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥22.00 | 0.598% |
FAQ
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