Nippon Light Metal Holdings Company,Ltd. Stock Forecast
Green day on Friday for Nippon Light Metal Holdings Company,Ltd. stock after gaining 0.757%
(Updated on Apr 26, 2024)
The Nippon Light Metal Holdings Company,Ltd. stock price gained 0.757% on the last trading day (Friday, 26th Apr 2024), rising from JP¥1,850.00 to JP¥1,864.00. During the last trading day the stock fluctuated 1.52% from a day low at JP¥1,839.00 to a day high of JP¥1,867.00. The price has fallen in 6 of the last 10 days but is still up by 0.7% 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, 52 thousand more shares were traded than the day before. In total, 166 thousand shares were bought and sold for approximately JP¥309.61 million.
The stock lies in the middle of a weak 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 8.74% during the next 3 months and, with a 90% probability hold a price between JP¥1,983.92 and JP¥2,118.36 at the end of this 3-month period.
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5703.T Signals & Forecast
The Nippon Light Metal Holdings Company,Ltd. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥1,866.71. On a fall, the stock will find some support from the long-term average at approximately JP¥1,832.31. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Monday, April 15, 2024, and so far it has fallen -3.17%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Nippon Light Metal Holdings Company,Ltd. stock
Nippon Light Metal Holdings Company,Ltd. finds support from accumulated volume at JP¥1,849.00 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¥28.00 between high and low, or 1.52%. For the last week the stock has had daily average volatility of 1.34%.
Our recommended stop-loss: JP¥1,778.68 (-4.58%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (5703.T) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect Nippon Light Metal Holdings Company,Ltd. to open at JP¥1,856.67, and during the day (based on 14 day Average True Range), to move between JP¥1,827.98 and JP¥1,900.02, which gives a possible trading interval of +/-JP¥36.02 (+/-1.93%) up or down from last closing price. If Nippon Light Metal Holdings Company,Ltd. takes out the full calculated possible swing range there will be an estimated 3.86% 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¥1,866.00 (0.11%) than the support at JP¥1,849.00 (0.80%), 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 Nippon Light Metal Holdings Company,Ltd. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Nippon Light Metal Holdings Company,Ltd. stock to perform well in the short-term.
Current score: 4.465 Buy Candidate Unchanged
Predicted Opening Price for Nippon Light Metal Holdings Company,Ltd. of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| JP¥1,856.67 ( 0.393%) | JP¥1,864.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 5703.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,884.67 | 1.11 % | |
| R2 | 1,873.97 | 0.535 % | ||
| R1 | 1,867.36 | 0.180 % | ||
| Current price: | 1,864.00 | |||
| Support | S1 | 1,845.97 | -0.97 % | |
| S2 | 1,839.36 | -1.32 % | ||
| S3 | 1,828.67 | -1.90 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,925.00 | 3.27 % | |
| R2 | 1,886.00 | 1.18 % | ||
| R1 | 1,866.00 | 0.107 % | ||
| Current price | 1,864.00 | |||
| Support | S1 | 1,849.00 | -0.80% | |
| S2 | 1,824.00 | -2.15% | ||
| S3 | 1,749.00 | -6.17% |
5703 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥10.00 | 0.687% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥40.00 | 2.64% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥45.00 | 2.58% |
| 5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥40.00 | 2.01% |
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