Nihon Enterprise Co.,Ltd. Stock Forecast
Nihon Enterprise Co.,Ltd. stock downgraded from Buy Candidate to Strong Sell Candidate after Friday trading session.
(Updated on May 17, 2024)
The Nihon Enterprise Co.,Ltd. stock price fell by -0.725% on the last day (Friday, 17th May 2024) from JP¥138.00 to JP¥137.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.21% from a day low at JP¥136.00 to a day high of JP¥139.00. The price has been going up and down for this period, and there has been a 0.74% gain for the last 2 weeks. Volume has increased on the last day by 58 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 273 thousand shares were bought and sold for approximately JP¥37.37 million.
Given the current short-term trend, the stock is expected to rise 15.13% during the next 3 months and, with a 90% probability hold a price between JP¥157.73 and JP¥175.94 at the end of this 3-month period.
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4829.T Signals & Forecast
There are few to no technical positive signals at the moment. The Nihon Enterprise Co.,Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at JP¥139.43 and JP¥138.00. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 16, 2024, and so far it has fallen -6.16%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Nihon Enterprise Co.,Ltd. stock
Nihon Enterprise Co.,Ltd. finds support from accumulated volume at JP¥136.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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¥3.00 (2.21%) between high and low. For the last week, the stock has had daily average volatility of 2.33%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (4829.T) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Nihon Enterprise Co.,Ltd. to open at JP¥137.33, and during the day (based on 14 day Average True Range), to move between JP¥133.56 and JP¥140.44, which gives a possible trading interval of +/-JP¥3.44 (+/-2.51%) up or down from last closing price. If Nihon Enterprise Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 5.01% 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¥136.00 (0.73%) than the resistance at JP¥140.00 (2.19%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Nihon Enterprise Co.,Ltd. stock A Buy?
The Nihon Enterprise Co.,Ltd. stock holds several negative signals and despite the positive trend, we believe Nihon Enterprise Co.,Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Sell candidate.
Current score: -5.906 Strong Sell Candidate Downgraded
Predicted Opening Price for Nihon Enterprise Co.,Ltd. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| JP¥137.33 ( 0.243%) | JP¥137.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4829.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 140.33 | 2.43 % | |
| R2 | 139.19 | 1.60 % | ||
| R1 | 138.48 | 1.08 % | ||
| Current price: | 137.00 | |||
| Support | S1 | 136.19 | -0.593 % | |
| S2 | 135.48 | -1.11 % | ||
| S3 | 134.33 | -1.95 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 143.00 | 4.38 % | |
| R2 | 142.00 | 3.65 % | ||
| R1 | 140.00 | 2.19 % | ||
| Current price | 137.00 | |||
| Support | S1 | 136.00 | -0.730% | |
| S2 | 130.00 | -5.11% | ||
| S3 | 128.00 | -6.57% |
4829 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2023 | May 30, 2023 | May 30, 2023 | JP¥2.00 | 1.49% |
| 2 | May 30, 2022 | May 30, 2022 | May 30, 2022 | JP¥2.00 | 1.21% |
| 3 | May 28, 2021 | May 28, 2021 | May 28, 2021 | JP¥0.500 | 0.228% |
| 4 | May 28, 2020 | May 28, 2020 | May 28, 2020 | JP¥2.00 | 0.722% |
| 5 | May 29, 2019 | May 29, 2019 | May 29, 2019 | JP¥2.00 | 1.23% |
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