Nippon Shinyaku Co.,Ltd. Stock Forecast
Nippon Shinyaku Co.,Ltd. stock price ended at JP¥3,160.00 on Thursday, after gaining 0.701%.
(Updated on Jun 20, 2024)
The Nippon Shinyaku Co.,Ltd. stock price gained 0.701% on the last trading day (Thursday, 20th Jun 2024), rising from JP¥3,138.00 to JP¥3,160.00. During the last trading day the stock fluctuated 1.89% from a day low at JP¥3,116.00 to a day high of JP¥3,175.00. The price has risen in 6 of the last 10 days and is up by 3.78% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 6 thousand more shares were traded than the day before. In total, 336 thousand shares were bought and sold for approximately JP¥1.06 billion.
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 -33.43% during the next 3 months and, with a 90% probability hold a price between JP¥1,547.72 and JP¥2,384.47 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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4516.T Signals & Forecast
There are mixed signals in the stock today. The Nippon Shinyaku 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¥3,164.29 and JP¥3,497.93. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 13.30%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Nippon Shinyaku Co.,Ltd. stock
Nippon Shinyaku Co.,Ltd. finds support from accumulated volume at JP¥3,073.00 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved JP¥59.00 between high and low, or 1.89%. For the last week, the stock has had daily average volatility of 2.16%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (4516.T) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Nippon Shinyaku Co.,Ltd. to open at JP¥3,150.33, and during the day (based on 14 day Average True Range), to move between JP¥3,058.05 and JP¥3,261.95, which gives a possible trading interval of +/-JP¥101.95 (+/-3.23%) up or down from last closing price. If Nippon Shinyaku Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 6.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at JP¥3,073.00 (2.75%) than the resistance at JP¥3,557.00 (12.56%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Nippon Shinyaku Co.,Ltd. stock A Buy?
Nippon Shinyaku 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: -4.236 Sell Candidate Unchanged
Predicted Opening Price for Nippon Shinyaku Co.,Ltd. of Friday, June 21, 2024
Fair opening price June 21, 2024 | Current price |
---|---|
JP¥3,150.33 ( 0.306%) | JP¥3,160.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4516.T
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 3,209.33 | 1.56% |
R2 | 3,186.80 | 0.85% |
R1 | 3,172.87 | 0.407% |
Price | 3,160.00 | |
S1 | 3,127.80 | -1.02% |
S2 | 3,113.87 | -1.46% |
S3 | 3,091.33 | -2.17% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 3,893.00 | 23.20% |
R2 | 3,730.00 | 18.04% |
R1 | 3,557.00 | 12.56% |
Price | 3,160.00 | |
S1 | 3,073.00 | -2.75% |
S2 | 2,899.50 | -8.24% |
S3 | 2,789.00 | -11.74% |
4516 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 28, 2024 | JP¥62.00 | 1.96% |
3 | Sep 28, 2023 | Sep 28, 2023 | Dec 05, 2023 | JP¥62.00 | 1.19% |
4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥57.00 | 0.98% |
5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥57.00 | 0.768% |
FAQ
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