NIPPON FILCON CO.,LTD. Stock Forecast
NIPPON FILCON CO.,LTD. stock downgraded from Hold/Accumulate to Sell Candidate after Monday trading session.
(Updated on Jun 24, 2024)
The NIPPON FILCON CO.,LTD. stock price fell by -0.756% on the last day (Monday, 24th Jun 2024) from JP¥529.00 to JP¥525.00. During the last trading day the stock fluctuated 0.95% from a day low at JP¥525.00 to a day high of JP¥530.00. The price has fallen in 4 of the last 10 days. Volume has increased on the last day by 11 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 43 thousand shares were bought and sold for approximately JP¥22.63 million.
The stock lies in the middle of a narrow and 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 -8.20% during the next 3 months and, with a 90% probability hold a price between JP¥471.06 and JP¥492.75 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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5942.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 1.55%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The NIPPON FILCON CO.,LTD. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥536.60. On a fall, the stock will find some support from the short-term average at JP¥522.14. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for NIPPON FILCON CO.,LTD. stock
NIPPON FILCON CO.,LTD. finds support from accumulated volume at JP¥522.00 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 0.95%. For the last week the stock has had daily average volatility of 0.84%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (5942.T) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect NIPPON FILCON CO.,LTD. to open at JP¥526.67, and during the day (based on 14 day Average True Range), to move between JP¥518.82 and JP¥531.18, which gives a possible trading interval of +/-JP¥6.18 (+/-1.18%) up or down from last closing price. If NIPPON FILCON CO.,LTD. takes out the full calculated possible swing range there will be an estimated 2.35% 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¥522.00 (0.57%) than the resistance at JP¥543.00 (3.43%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
NIPPON FILCON CO.,LTD. will release earnings BMO on Monday, July 01, 2024. We will update the financials statements for NIPPON FILCON CO.,LTD., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.04% in the first trading day after earnings release.
Is NIPPON FILCON CO.,LTD. stock A Buy?
NIPPON FILCON CO.,LTD. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.380 Sell Candidate Downgraded
Predicted Opening Price for NIPPON FILCON CO.,LTD. of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| JP¥526.67 ( 0.317%) | JP¥525.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 5942.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 531.67 | 1.27% |
| R2 | 529.76 | 0.91% |
| R1 | 528.58 | 0.681% |
| Price | 525.00 | |
| S1 | 524.76 | -0.0463% |
| S2 | 523.58 | -0.271% |
| S3 | 521.67 | -0.635% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 571.00 | 8.76% |
| R2 | 568.00 | 8.19% |
| R1 | 543.00 | 3.43% |
| Price | 525.00 | |
| S1 | 522.00 | -0.571% |
| S2 | 521.00 | -0.762% |
| S3 | 520.00 | -0.95% |
5942 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 28, 2024 | Nov 28, 2024 | Nov 28, 2024 | JP¥0 | 0% |
| 2 | May 30, 2024 | May 30, 2024 | Aug 01, 2024 | JP¥13.00 | 2.48% |
| 3 | Nov 29, 2023 | Nov 29, 2023 | Feb 28, 2024 | JP¥19.00 | 3.49% |
| 4 | May 30, 2023 | May 30, 2023 | May 30, 2023 | JP¥8.00 | 1.77% |
| 5 | Nov 29, 2022 | Nov 29, 2022 | Nov 29, 2022 | JP¥10.00 | 2.16% |
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