Nihon Yamamura Glass Co.,Ltd. Stock Forecast
Nihon Yamamura Glass Co.,Ltd. stock downgraded to Sell Candidate
(Updated on Jul 03, 2024)
The Nihon Yamamura Glass Co.,Ltd. stock price gained 0.97% on the last trading day (Wednesday, 3rd Jul 2024), rising from JP¥1,647.00 to JP¥1,663.00. During the last trading day the stock fluctuated 1.39% from a day low at JP¥1,651.00 to a day high of JP¥1,674.00. The price has risen in 6 of the last 10 days and is up by 1.34% 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, 10 thousand more shares were traded than the day before. In total, 62 thousand shares were bought and sold for approximately JP¥103.11 million.
The stock lies in the middle of a very wide and 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 11.21% during the next 3 months and, with a 90% probability hold a price between JP¥1,724.75 and JP¥2,321.41 at the end of this 3-month period.
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5210.T Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Nihon Yamamura Glass Co.,Ltd. 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¥1,665.29 and JP¥1,699.46. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -15.88%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Nihon Yamamura Glass Co.,Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥1,492.00 and JP¥1,489.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Nihon Yamamura Glass Co.,Ltd. finds support just below today's level at JP¥1,492.00. If this is broken, then the next support from accumulated volume will be at JP¥1,489.00 and JP¥1,459.00.
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¥23.00 between high and low, or 1.39%. For the last week the stock has had daily average volatility of 1.51%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (5210.T) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect Nihon Yamamura Glass Co.,Ltd. to open at JP¥1,662.67, and during the day (based on 14 day Average True Range), to move between JP¥1,617.08 and JP¥1,708.92, which gives a possible trading interval of +/-JP¥45.92 (+/-2.76%) up or down from last closing price. If Nihon Yamamura Glass Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 5.52% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at JP¥1,830.00 (10.04%) than the support at JP¥1,492.00 (10.28%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Nihon Yamamura Glass Co.,Ltd. stock A Buy?
The Nihon Yamamura Glass Co.,Ltd. stock holds several negative signals and despite the positive trend, we believe Nihon Yamamura Glass 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 Hold/Accumulate to a Sell candidate.
Current score: -1.767 Sell Candidate Downgraded
Predicted Opening Price for Nihon Yamamura Glass Co.,Ltd. of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| JP¥1,662.67 ( 0.0200%) | JP¥1,663.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 5210.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,685.67 | 1.36% |
| R2 | 1,676.88 | 0.83% |
| R1 | 1,671.45 | 0.508% |
| Price | 1,663.00 | |
| S1 | 1,653.88 | -0.548% |
| S2 | 1,648.45 | -0.87% |
| S3 | 1,639.67 | -1.40% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,977.00 | 18.88% |
| R2 | 1,879.00 | 12.99% |
| R1 | 1,830.00 | 10.04% |
| Price | 1,663.00 | |
| S1 | 1,492.00 | -10.28% |
| S2 | 1,489.00 | -10.46% |
| S3 | 1,459.00 | -12.27% |
5210 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 27, 2024 | JP¥20.00 | 1.19% |
| 3 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥20.00 | 1.89% |
| 4 | Sep 29, 2020 | Sep 29, 2020 | Sep 29, 2020 | JP¥20.00 | 2.10% |
| 5 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥25.00 | 2.85% |
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