NIHON SEIKAN K.K. Stock Forecast
NIHON SEIKAN K.K. stock price up 0.0598% on Wednesday
(Updated on Jul 03, 2024)
The NIHON SEIKAN K.K. stock price gained 0.0598% on the last trading day (Wednesday, 3rd Jul 2024), rising from JP¥1,671.00 to JP¥1,672.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0% from a day low at JP¥1,672.00 to a day high of JP¥1,672.00. The price has been going up and down for this period, and there has been a -1.94% loss for the last 2 weeks. Volume fell on the last day by -400 shares and in total, 100 shares were bought and sold for approximately JP¥167.20 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at JP¥1,734.10 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -14.15% during the next 3 months and, with a 90% probability hold a price between JP¥1,177.75 and JP¥1,488.68 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.
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5905.T Signals & Forecast
The NIHON SEIKAN K.K. 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¥1,667.57 and JP¥1,653.94. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 10, 2024, and so far it has risen 7.87%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for NIHON SEIKAN K.K. stock
NIHON SEIKAN K.K. finds support from accumulated volume at JP¥1,635.00 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved JP¥0 between high and low, or 0%. For the last week the stock has had daily average volatility of 1.01%
NIHON SEIKAN K.K. is oversold on RSI14 (13). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: JP¥1,601.11 (-4.24%) (This stock has low daily movements and this gives low risk. Low RSI14 is 13 which reduces the risk some. There is a buy signal from a pivot bottom found 70 days ago.)
Trading Expectations (5905.T) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect NIHON SEIKAN K.K. to open at JP¥1,672.00, and during the day (based on 14 day Average True Range), to move between JP¥1,646.73 and JP¥1,697.27, which gives a possible trading interval of +/-JP¥25.27 (+/-1.51%) up or down from last closing price. If NIHON SEIKAN K.K. takes out the full calculated possible swing range there will be an estimated 3.02% 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¥1,635.00 (2.21%) than the resistance at JP¥1,863.00 (11.42%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is NIHON SEIKAN K.K. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.357 Buy Candidate Unchanged
Predicted Opening Price for NIHON SEIKAN K.K. of Thursday, July 4, 2024
Fair opening price July 4, 2024 | Current price |
---|---|
JP¥1,672.00 ( 0%) | JP¥1,672.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 5905.T
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 1,672.00 | - |
R2 | 1,672.00 | - |
R1 | 1,672.00 | - |
Price | 1,672.00 | |
S1 | 1,672.00 | - |
S2 | 1,672.00 | - |
S3 | 1,672.00 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 1,945.00 | 16.33% |
R2 | 1,866.00 | 11.60% |
R1 | 1,863.00 | 11.42% |
Price | 1,672.00 | |
S1 | 1,635.00 | -2.21% |
S2 | 1,601.00 | -4.25% |
S3 | 1,600.00 | -4.31% |
5905 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 28, 2025 | Mar 28, 2025 | Mar 28, 2025 | JP¥0 | 0% |
2 | Mar 28, 2024 | Mar 28, 2024 | Jun 28, 2024 | JP¥70.00 | 4.20% |
3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥70.00 | 5.32% |
4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥50.00 | 4.10% |
5 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥30.00 | 2.28% |
FAQ
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