NICHIRIN CO.,LTD. Stock Forecast
Evaluation of NICHIRIN CO.,LTD. stock downgraded after the last trading session.
(Updated on May 20, 2024)
The NICHIRIN CO.,LTD. stock price gained 0.258% on the last trading day (Monday, 20th May 2024), rising from JP¥3,870.00 to JP¥3,880.00. During the last trading day the stock fluctuated 1.69% from a day low at JP¥3,840.00 to a day high of JP¥3,905.00. The price has fallen in 7 of the last 10 days and is down by -1.9% for this period. Volume fell on the last day by -700 shares and in total, 23 thousand shares were bought and sold for approximately JP¥87.30 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 strong 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 11.09% during the next 3 months and, with a 90% probability hold a price between JP¥4,199.56 and JP¥4,595.33 at the end of this 3-month period.
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5184.T Signals & Forecast
The NICHIRIN 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¥3,852.14 and JP¥3,868.29. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Monday, April 15, 2024, and so far it has fallen -2.51%. 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 NICHIRIN CO.,LTD. stock
NICHIRIN CO.,LTD. finds support from accumulated volume at JP¥3,870.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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¥65.00 between high and low, or 1.69%. For the last week the stock has had daily average volatility of 2.25%.
Our recommended stop-loss: JP¥3,732.50 (-3.80%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 26 days ago.)
Trading Expectations (5184.T) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect NICHIRIN CO.,LTD. to open at JP¥3,875.00, and during the day (based on 14 day Average True Range), to move between JP¥3,805.67 and JP¥3,954.33, which gives a possible trading interval of +/-JP¥74.33 (+/-1.92%) up or down from last closing price. If NICHIRIN CO.,LTD. takes out the full calculated possible swing range there will be an estimated 3.83% 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¥3,870.00 (0.26%) than the resistance at JP¥3,925.00 (1.16%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is NICHIRIN CO.,LTD. stock A Buy?
NICHIRIN 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. 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 Hold/Accumulate candidate.
Current score: 0.385 Hold/Accumulate Downgraded
Predicted Opening Price for NICHIRIN CO.,LTD. of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| JP¥3,875.00 ( 0.129%) | JP¥3,880.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 5184.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,940.00 | 1.55 % | |
| R2 | 3,915.17 | 0.91 % | ||
| R1 | 3,899.83 | 0.511 % | ||
| Current price: | 3,880.00 | |||
| Support | S1 | 3,850.17 | -0.769 % | |
| S2 | 3,834.83 | -1.16 % | ||
| S3 | 3,810.00 | -1.80 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,980.00 | 2.58 % | |
| R2 | 3,975.00 | 2.45 % | ||
| R1 | 3,925.00 | 1.16 % | ||
| Current price | 3,880.00 | |||
| Support | S1 | 3,870.00 | -0.258% | |
| S2 | 3,720.00 | -4.12% | ||
| S3 | 3,520.00 | -9.28% |
5184 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Jun 27, 2024 | JP¥0 | 0% |
| 2 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥52.00 | 1.88% |
| 3 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥52.00 | 2.99% |
| 4 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥38.00 | 2.46% |
| 5 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥45.00 | 2.74% |
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