NICCA CHEMICAL CO.,LTD. Stock Forecast
NICCA CHEMICAL CO.,LTD. stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on May 02, 2024)
The NICCA CHEMICAL CO.,LTD. stock price gained 1.01% on the last trading day (Thursday, 2nd May 2024), rising from JP¥992.00 to JP¥1,002.00. During the last trading day the stock fluctuated 2.01% from a day low at JP¥995.00 to a day high of JP¥1,015.00. The price has been going up and down for this period, and there has been a 4.27% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 22 thousand more shares were traded than the day before. In total, 47 thousand shares were bought and sold for approximately JP¥47.49 million.
The stock lies in the upper part of a strong 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¥1,005.92 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 13.01% during the next 3 months and, with a 90% probability hold a price between JP¥1,079.24 and JP¥1,136.75 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
4463.T Signals & Forecast
The NICCA CHEMICAL 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¥984.14 and JP¥962.26. 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, April 30, 2024, and so far it has fallen 0%. 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 NICCA CHEMICAL CO.,LTD. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥950.00 and JP¥914.00. 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, NICCA CHEMICAL CO.,LTD. finds support just below today's level at JP¥950.00. If this is broken, then the next support from accumulated volume will be at JP¥914.00 and JP¥860.00.
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¥20.00 between high and low, or 2.01%. For the last week the stock has had daily average volatility of 2.18%.
Our recommended stop-loss: JP¥962.52 (-3.94%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (4463.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect NICCA CHEMICAL CO.,LTD. to open at JP¥1,004.00, and during the day (based on 14 day Average True Range), to move between JP¥979.19 and JP¥1,024.81, which gives a possible trading interval of +/-JP¥22.81 (+/-2.28%) up or down from last closing price. If NICCA CHEMICAL CO.,LTD. takes out the full calculated possible swing range there will be an estimated 4.55% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥950.00, some JP¥52.00 (5.19%) from the current price of JP¥1,002.00, our system finds the risk reward attractive.
Is NICCA CHEMICAL 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 NICCA CHEMICAL CO.,LTD. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.461 Buy Candidate Upgraded
Predicted Opening Price for NICCA CHEMICAL CO.,LTD. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥1,004.00 ( 0.200%) | JP¥1,002.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4463.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,024.00 | 2.20 % | |
| R2 | 1,016.36 | 1.43 % | ||
| R1 | 1,011.64 | 0.96 % | ||
| Current price: | 1,002.00 | |||
| Support | S1 | 996.36 | -0.563 % | |
| S2 | 991.64 | -1.03 % | ||
| S3 | 984.00 | -1.80 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 1,002.00 | |||
| Support | S1 | 950.00 | -5.19% | |
| S2 | 914.00 | -8.78% | ||
| S3 | 860.00 | -14.17% |
4463 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Jun 27, 2024 | JP¥0 | 0% |
| 2 | Dec 29, 2023 | Dec 29, 2023 | Mar 01, 2024 | JP¥16.00 | 1.76% |
| 3 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥16.00 | 1.87% |
| 4 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥19.00 | 2.29% |
| 5 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥11.00 | 1.23% |
FAQ
Click here for our free guide on how to buy NICCA CHEMICAL CO.,LTD. Stock.
