NIHON SEIKAN K.K. Stock Forecast
Green day on Wednesday for NIHON SEIKAN K.K.
(Updated on Jun 26, 2024)
The NIHON SEIKAN K.K. stock price gained 0.120% on the last trading day (Wednesday, 26th Jun 2024), rising from JP¥1,664.00 to JP¥1,666.00. During the last trading day the stock fluctuated 0% from a day low at JP¥1,666.00 to a day high of JP¥1,666.00. The price has fallen in 5 of the last 10 days and is down by -3.42% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately JP¥2.67 million.
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¥1,701.33 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 -18.17% during the next 3 months and, with a 90% probability hold a price between JP¥1,103.90 and JP¥1,392.25 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 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¥1,682.14. On a fall, the stock will find some support from the long-term average at approximately JP¥1,640.23. 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. A buy signal was issued from a pivot bottom point on Friday, May 10, 2024, and so far it has risen 7.48%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
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.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥0 (0%) between high and low. For the last week, the stock has had daily average volatility of 2.04%.
Our recommended stop-loss: JP¥1,600.03 (-3.96%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 65 days ago.)
Trading Expectations (5905.T) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect NIHON SEIKAN K.K. to open at JP¥1,666.00, and during the day (based on 14 day Average True Range), to move between JP¥1,636.66 and JP¥1,695.34, which gives a possible trading interval of +/-JP¥29.34 (+/-1.76%) 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 3.52% 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 (1.86%) than the resistance at JP¥1,863.00 (11.82%), 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?
NIHON SEIKAN K.K. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.587 Hold/Accumulate Unchanged
Predicted Opening Price for NIHON SEIKAN K.K. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| JP¥1,666.00 ( 0%) | JP¥1,666.00 |
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 | 1,666.00 | - |
| R2 | 1,666.00 | - |
| R1 | 1,666.00 | - |
| Price | 1,666.00 | |
| S1 | 1,666.00 | - |
| S2 | 1,666.00 | - |
| S3 | 1,666.00 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,928.00 | 15.73% |
| R2 | 1,866.00 | 12.00% |
| R1 | 1,863.00 | 11.82% |
| Price | 1,666.00 | |
| S1 | 1,635.00 | -1.86% |
| S2 | 1,601.00 | -3.90% |
| S3 | 1,600.00 | -3.96% |
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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