NIPPON KINZOKU CO.,LTD. Stock Forecast
NIPPON KINZOKU CO.,LTD. stock price ended at JP¥822.00 on Wednesday, after losing 0%.
(Updated on Apr 24, 2024)
No changes to the price of NIPPON KINZOKU CO.,LTD. stock on the last trading day (Wednesday, 24th Apr 2024). During the last trading day the stock fluctuated 0.608% from a day low at JP¥822.00 to a day high of JP¥827.00. The price has fallen in 5 of the last 10 days and is down by -4.42% for this period.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.65% during the next 3 months and, with a 90% probability hold a price between JP¥774.16 and JP¥821.38 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
5491.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 0.98%. Further rise is indicated until a new top pivot has been found. The volume rose on the last day while price remained unchanged. This may be an early warning and 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 NIPPON KINZOKU 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¥824.14 and JP¥848.37. 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 KINZOKU CO.,LTD. stock
NIPPON KINZOKU CO.,LTD. finds support from accumulated volume at JP¥818.00 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¥5.00 between high and low, or 0.608%. For the last week the stock has had daily average volatility of 1.32%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (5491.T) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect NIPPON KINZOKU CO.,LTD. to open at JP¥823.67, and during the day (based on 14 day Average True Range), to move between JP¥809.88 and JP¥834.12, which gives a possible trading interval of +/-JP¥12.12 (+/-1.47%) up or down from last closing price. If NIPPON KINZOKU CO.,LTD. takes out the full calculated possible swing range there will be an estimated 2.95% 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¥818.00 (0.49%) than the resistance at JP¥852.00 (3.65%), 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 KINZOKU CO.,LTD. stock A Buy?
NIPPON KINZOKU 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: -1.735 Sell Candidate Unchanged
Predicted Opening Price for NIPPON KINZOKU CO.,LTD. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| JP¥823.67 ( 0.203%) | JP¥822.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 5491.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 828.67 | 0.81 % | |
| R2 | 826.76 | 0.579 % | ||
| R1 | 825.58 | 0.435 % | ||
| Current price: | 822.00 | |||
| Support | S1 | 821.76 | -0.0296 % | |
| S2 | 820.58 | -0.173 % | ||
| S3 | 818.67 | -0.406 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 864.00 | 5.11 % | |
| R2 | 862.00 | 4.87 % | ||
| R1 | 852.00 | 3.65 % | ||
| Current price | 822.00 | |||
| Support | S1 | 818.00 | -0.487% | |
| S2 | 814.00 | -0.97% | ||
| S3 | 0 | . |
5491 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥5.00 | 0.534% |
| 2 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥30.00 | 5.01% |
| 3 | Mar 27, 2019 | Mar 27, 2019 | Mar 27, 2019 | JP¥30.00 | 2.47% |
| 4 | Mar 28, 2018 | Mar 28, 2018 | Mar 28, 2018 | JP¥30.00 | 1.28% |
| 5 | Mar 29, 2017 | Mar 29, 2017 | Mar 29, 2017 | JP¥25.00 | 1.71% |
FAQ
Click here for our free guide on how to buy NIPPON KINZOKU CO.,LTD. Stock.
