Nippon Light Metal Holdings Company,Ltd. Stock Forecast
Nippon Light Metal Holdings Company,Ltd. stock upgraded from Buy Candidate to Strong Buy Candidate after Friday trading session.
(Updated on May 10, 2024)
The Nippon Light Metal Holdings Company,Ltd. stock price gained 1.29% on the last trading day (Friday, 10th May 2024), rising from JP¥1,856.00 to JP¥1,880.00. During the last trading day the stock fluctuated 1.51% from a day low at JP¥1,857.00 to a day high of JP¥1,885.00. The price has been going up and down for this period, and there has been a 0.7% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 7 thousand more shares were traded than the day before. In total, 174 thousand shares were bought and sold for approximately JP¥326.18 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 9.52% during the next 3 months and, with a 90% probability hold a price between JP¥2,027.20 and JP¥2,160.15 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
5703.T Signals & Forecast
The Nippon Light Metal Holdings Company,Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at JP¥1,862.00 and JP¥1,847.91. A breakdown below any of these levels will issue sell signals. 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 -2.34%. 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).
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 1.51%. For the last week the stock has had daily average volatility of 1.43%.
Our recommended stop-loss: JP¥1,803.54 (-4.07%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 16 days ago.)
Trading Expectations (5703.T) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Nippon Light Metal Holdings Company,Ltd. to open at JP¥1,874.00, and during the day (based on 14 day Average True Range), to move between JP¥1,847.54 and JP¥1,912.46, which gives a possible trading interval of +/-JP¥32.46 (+/-1.73%) 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 3.45% 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¥1,886.00 (0.32%) than the support at JP¥1,849.00 (1.65%), 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.
Earnings coming up
Nippon Light Metal Holdings Company,Ltd. will release earnings BMO on Wednesday, May 15, 2024. We will update the financials statements for Nippon Light Metal Holdings Company,Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.02% in the first trading day after earnings release.
Is Nippon Light Metal Holdings Company,Ltd. stock A Buy?
Nippon Light Metal Holdings Company,Ltd. holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.346 Strong Buy Candidate Upgraded
Predicted Opening Price for Nippon Light Metal Holdings Company,Ltd. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| JP¥1,874.00 ( 0.319%) | JP¥1,880.00 |
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 | 1,902.00 | 1.17 % | |
| R2 | 1,891.30 | 0.601 % | ||
| R1 | 1,884.70 | 0.250 % | ||
| Current price: | 1,880.00 | |||
| Support | S1 | 1,863.30 | -0.89 % | |
| S2 | 1,856.70 | -1.24 % | ||
| S3 | 1,846.00 | -1.81 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 1,925.00 | 2.39 % | ||
| R1 | 1,886.00 | 0.319 % | ||
| Current price | 1,880.00 | |||
| Support | S1 | 1,849.00 | -1.65% | |
| S2 | 1,790.00 | -4.79% | ||
| S3 | 1,757.00 | -6.54% |
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% |
FAQ
Click here for our free guide on how to buy Nippon Light Metal Holdings Company,Ltd. Stock.
