Nippon Carbon Co.,Ltd. Stock Forecast
Nippon Carbon Co.,Ltd. stock price ended at JP¥5,180.00 on Friday, after losing 2.08%.
(Updated on Jun 28, 2024)
The Nippon Carbon Co.,Ltd. stock price fell by -2.08% on the last day (Friday, 28th Jun 2024) from JP¥5,290.00 to JP¥5,180.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.71% from a day low at JP¥5,170.00 to a day high of JP¥5,310.00. The price has fallen in 5 of the last 10 days and is down by -4.43% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -12 thousand shares and in total, 57 thousand shares were bought and sold for approximately JP¥293.19 million.
The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at JP¥5,165.41 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Nippon Carbon Co.,Ltd. stock with a 90% probability to be traded between JP¥5,069.22 and JP¥5,498.22 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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5302.T Signals & Forecast
There are few to no technical positive signals at the moment. The Nippon Carbon 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¥5,335.71 and JP¥5,418.57. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 15, 2024, and so far it has fallen -8.96%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Nippon Carbon Co.,Ltd. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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¥140.00 between high and low, or 2.71%. For the last week the stock has had daily average volatility of 1.33%.
Nippon Carbon Co.,Ltd. is oversold on RSI14 (25). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (5302.T) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Nippon Carbon Co.,Ltd. to open at JP¥5,220.00, and during the day (based on 14 day Average True Range), to move between JP¥5,102.63 and JP¥5,257.37, which gives a possible trading interval of +/-JP¥77.37 (+/-1.49%) up or down from last closing price. If Nippon Carbon Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 2.99% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ JP¥5,420.00, some JP¥240.00 (4.63%) from the current price of JP¥5,180.00, our system finds the risk reward not very attractive.
Is Nippon Carbon Co.,Ltd. stock A Buy?
Nippon Carbon Co.,Ltd. holds several negative signals and is within a 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: -3.914 Sell Candidate Unchanged
Predicted Opening Price for Nippon Carbon Co.,Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| JP¥5,220.00 ( 0.772%) | JP¥5,180.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 5302.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5,360.00 | 3.47% |
| R2 | 5,306.52 | 2.44% |
| R1 | 5,273.48 | 1.80% |
| Price | 5,180.00 | |
| S1 | 5,166.52 | -0.260% |
| S2 | 5,133.48 | -0.90% |
| S3 | 5,080.00 | -1.93% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5,590.00 | 7.92% |
| R2 | 5,460.00 | 5.41% |
| R1 | 5,420.00 | 4.63% |
| Price | 5,180.00 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
5302 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Sep 01, 2024 | JP¥100.00 | 1.93% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Mar 29, 2024 | JP¥100.00 | 1.88% |
| 3 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥100.00 | 2.29% |
| 4 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥100.00 | 2.40% |
| 5 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥100.00 | 2.46% |
FAQ
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