Nihon Tokushu Toryo Co.,Ltd. Stock Forecast
Nihon Tokushu Toryo Co.,Ltd. stock price up 0.85% on Wednesday
(Updated on May 08, 2024)
The Nihon Tokushu Toryo Co.,Ltd. stock price gained 0.85% on the last trading day (Wednesday, 8th May 2024), rising from JP¥1,418.00 to JP¥1,430.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.00% from a day low at JP¥1,401.00 to a day high of JP¥1,443.00. The price has risen in 6 of the last 10 days and is up by 5.46% 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, 121 thousand more shares were traded than the day before. In total, 180 thousand shares were bought and sold for approximately JP¥257.69 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.78% during the next 3 months and, with a 90% probability hold a price between JP¥1,401.04 and JP¥1,547.44 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.
4619.T Signals & Forecast
The Nihon Tokushu Toryo Co.,Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at JP¥1,396.43 and JP¥1,419.51. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 5.46%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Nihon Tokushu Toryo Co.,Ltd. stock
Nihon Tokushu Toryo Co.,Ltd. finds support from accumulated volume at JP¥1,402.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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¥42.00 between high and low, or 3.00%. For the last week, the stock has had daily average volatility of 2.33%.
Our recommended stop-loss: JP¥1,359.24 (-4.95%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (4619.T) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Nihon Tokushu Toryo Co.,Ltd. to open at JP¥1,424.67, and during the day (based on 14 day Average True Range), to move between JP¥1,395.37 and JP¥1,464.63, which gives a possible trading interval of +/-JP¥34.63 (+/-2.42%) up or down from last closing price. If Nihon Tokushu Toryo Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 4.84% 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¥1,402.00 (1.96%) than the resistance at JP¥1,460.00 (2.10%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Nihon Tokushu Toryo Co.,Ltd. will release earnings BMO on Wednesday, May 08, 2024. We will update the financials statements for Nihon Tokushu Toryo Co.,Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.50% in the first trading day after earnings release.
Is Nihon Tokushu Toryo 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 Nihon Tokushu Toryo Co.,Ltd. stock to perform well in the short-term.
Current score: 4.265 Buy Candidate Unchanged
Predicted Opening Price for Nihon Tokushu Toryo Co.,Ltd. of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| JP¥1,424.67 ( 0.373%) | JP¥1,430.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4619.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,466.67 | 2.56 % | |
| R2 | 1,450.62 | 1.44 % | ||
| R1 | 1,440.71 | 0.749 % | ||
| Current price: | 1,430.00 | |||
| Support | S1 | 1,408.62 | -1.49 % | |
| S2 | 1,398.71 | -2.19 % | ||
| S3 | 1,382.67 | -3.31 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,492.00 | 4.34 % | |
| R2 | 1,465.00 | 2.45 % | ||
| R1 | 1,460.00 | 2.10 % | ||
| Current price | 1,430.00 | |||
| Support | S1 | 1,402.00 | -1.96% | |
| S2 | 1,383.00 | -3.29% | ||
| S3 | 1,364.00 | -4.62% |
4619 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¥22.00 | 2.39% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥20.00 | 2.13% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥22.00 | 2.57% |
| 5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥18.00 | 1.71% |
FAQ
Click here for our free guide on how to buy Nihon Tokushu Toryo Co.,Ltd. Stock.
