Nippon Sheet Glass Company,Limited Stock Forecast
Green day on Monday for Nippon Sheet Glass Company,Limited stock after gaining 1.32%
(Updated on May 20, 2024)
The Nippon Sheet Glass Company,Limited stock price gained 1.32% on the last trading day (Monday, 20th May 2024), rising from JP¥455.00 to JP¥461.00. During the last trading day the stock fluctuated 3.08% from a day low at JP¥455.00 to a day high of JP¥469.00. The price has risen in 5 of the last 10 days but is still down by -11.52% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 65 thousand more shares were traded than the day before. In total, 904 thousand shares were bought and sold for approximately JP¥416.65 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥448.72 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -6.65% during the next 3 months and, with a 90% probability hold a price between JP¥418.88 and JP¥485.66 at the end of this 3-month period.
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5202.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 16, 2024, and so far it has risen 2.44%. 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. The Nippon Sheet Glass Company,Limited 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¥467.29 and JP¥508.29. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Nippon Sheet Glass Company,Limited stock
Nippon Sheet Glass Company,Limited finds support from accumulated volume at JP¥458.00 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 3.08%. For the last week, the stock has had daily average volatility of 3.06%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (5202.T) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Nippon Sheet Glass Company,Limited to open at JP¥461.67, and during the day (based on 14 day Average True Range), to move between JP¥446.10 and JP¥475.90, which gives a possible trading interval of +/-JP¥14.90 (+/-3.23%) up or down from last closing price. If Nippon Sheet Glass Company,Limited takes out the full calculated possible swing range there will be an estimated 6.47% 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¥458.00 (0.65%) than the resistance at JP¥514.00 (11.50%), 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 Sheet Glass Company,Limited stock A Buy?
Nippon Sheet Glass Company,Limited holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.077 Sell Candidate Unchanged
Predicted Opening Price for Nippon Sheet Glass Company,Limited of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| JP¥461.67 ( 0.145%) | JP¥461.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 5202.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 475.67 | 3.18 % | |
| R2 | 470.32 | 2.02 % | ||
| R1 | 467.01 | 1.30 % | ||
| Current price: | 461.00 | |||
| Support | S1 | 456.32 | -1.02 % | |
| S2 | 453.01 | -1.73 % | ||
| S3 | 447.67 | -2.89 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 527.00 | 14.32 % | |
| R2 | 517.00 | 12.15 % | ||
| R1 | 514.00 | 11.50 % | ||
| Current price | 461.00 | |||
| Support | S1 | 458.00 | -0.651% | |
| S2 | 455.00 | -1.30% | ||
| S3 | 450.00 | -2.39% |
5202 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥20.00 | 5.78% |
| 2 | Mar 27, 2019 | Mar 27, 2019 | Mar 27, 2019 | JP¥20.00 | 2.21% |
| 3 | Sep 26, 2018 | Sep 26, 2018 | Sep 26, 2018 | JP¥10.00 | 0.795% |
| 4 | Mar 28, 2018 | Mar 28, 2018 | Mar 28, 2018 | JP¥20.00 | 2.40% |
| 5 | Mar 28, 2012 | Mar 28, 2012 | Mar 28, 2012 | JP¥15.00 | 1.20% |
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