NIHON NOHYAKU CO.,LTD. Stock Forecast
Green day on Wednesday for NIHON NOHYAKU CO.,LTD.
(Updated on Jul 03, 2024)
The NIHON NOHYAKU CO.,LTD. stock price gained 0.134% on the last trading day (Wednesday, 3rd Jul 2024), rising from JP¥744.00 to JP¥745.00. During the last trading day the stock fluctuated 1.90% from a day low at JP¥738.00 to a day high of JP¥752.00. The price has fallen in 7 of the last 10 days and is down by -6.29% for this period. Volume fell on the last day by -129 thousand shares and in total, 107 thousand shares were bought and sold for approximately JP¥79.49 million. 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.
The stock lies in the middle of a 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 2.62% during the next 3 months and, with a 90% probability hold a price between JP¥749.56 and JP¥821.42 at the end of this 3-month period.
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4997.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, July 02, 2024, and so far it has risen 0.134%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The NIHON NOHYAKU 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¥759.43 and JP¥751.09. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for NIHON NOHYAKU CO.,LTD. stock
NIHON NOHYAKU CO.,LTD. finds support from accumulated volume at JP¥744.00 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¥14.00 between high and low, or 1.90%. For the last week, the stock has had daily average volatility of 2.04%.
Our recommended stop-loss: JP¥705.12 (-5.35%) (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 (4997.T) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect NIHON NOHYAKU CO.,LTD. to open at JP¥745.00, and during the day (based on 14 day Average True Range), to move between JP¥725.32 and JP¥764.68, which gives a possible trading interval of +/-JP¥19.68 (+/-2.64%) up or down from last closing price. If NIHON NOHYAKU CO.,LTD. takes out the full calculated possible swing range there will be an estimated 5.28% 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¥744.00 (0.13%) than the resistance at JP¥778.00 (4.43%), 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 NOHYAKU CO.,LTD. stock A Buy?
NIHON NOHYAKU CO.,LTD. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.798 Hold/Accumulate Unchanged
Predicted Opening Price for NIHON NOHYAKU CO.,LTD. of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| JP¥745.00 ( 0%) | JP¥745.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4997.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 759.00 | 1.88% |
| R2 | 753.65 | 1.16% |
| R1 | 750.35 | 0.718% |
| Price | 745.00 | |
| S1 | 739.65 | -0.718% |
| S2 | 736.35 | -1.16% |
| S3 | 731.00 | -1.88% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 788.00 | 5.77% |
| R2 | 787.00 | 5.64% |
| R1 | 778.00 | 4.43% |
| Price | 745.00 | |
| S1 | 744.00 | -0.134% |
| S2 | 734.00 | -1.48% |
| S3 | 729.00 | -2.15% |
4997 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 20, 2024 | JP¥9.00 | 1.16% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Dec 06, 2023 | JP¥9.00 | 1.48% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥8.00 | 1.18% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥8.00 | 0.93% |
FAQ
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