Nabtesco Corporation Stock Forecast
Stronger technical forecast for Nabtesco Corporation stock price after Tuesday trading.
(Updated on Jun 25, 2024)
The Nabtesco Corporation stock price gained 2.13% on the last trading day (Tuesday, 25th Jun 2024), rising from JP¥2,720.00 to JP¥2,778.00. During the last trading day the stock fluctuated 3.29% from a day low at JP¥2,704.50 to a day high of JP¥2,793.50. The price has risen in 7 of the last 10 days and is up by 6.48% 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, 163 thousand more shares were traded than the day before. In total, 572 thousand shares were bought and sold for approximately JP¥1.59 billion.
The stock lies in the middle of a wide and 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 4.63% during the next 3 months and, with a 90% probability hold a price between JP¥2,714.15 and JP¥3,089.16 at the end of this 3-month period.
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6268.T Signals & Forecast
Mostly positive signals in the chart today. The Nabtesco Corporation 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¥2,722.79 and JP¥2,698.64. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 8.69%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Nabtesco Corporation stock
Nabtesco Corporation finds support from accumulated volume at JP¥2,723.00 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¥89.00 (3.29%) between high and low. For the last week, the stock has had daily average volatility of 1.65%.
Our recommended stop-loss: JP¥2,682.18 (-3.45%) (This stock has low daily movements and this gives low risk. The RSI14 is 82 and this increases the risk substantially. There is a buy signal from a pivot bottom found 31 days ago.)
Trading Expectations (6268.T) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Nabtesco Corporation to open at JP¥2,758.67, and during the day (based on 14 day Average True Range), to move between JP¥2,721.13 and JP¥2,834.87, which gives a possible trading interval of +/-JP¥56.87 (+/-2.05%) up or down from last closing price. If Nabtesco Corporation takes out the full calculated possible swing range there will be an estimated 4.09% 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¥2,804.50 (0.95%) than the support at JP¥2,723.00 (1.98%), 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 Nabtesco Corporation stock A Buy?
Nabtesco Corporation 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: 5.480 Strong Buy Candidate Upgraded
Predicted Opening Price for Nabtesco Corporation of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| JP¥2,758.67 ( 0.696%) | JP¥2,778.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6268.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,847.67 | 2.51% |
| R2 | 2,813.67 | 1.28% |
| R1 | 2,792.66 | 0.528% |
| Price | 2,778.00 | |
| S1 | 2,724.67 | -1.92% |
| S2 | 2,703.66 | -2.68% |
| S3 | 2,669.67 | -3.90% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,841.50 | 2.29% |
| R2 | 2,830.50 | 1.89% |
| R1 | 2,804.50 | 0.95% |
| Price | 2,778.00 | |
| S1 | 2,723.00 | -1.98% |
| S2 | 2,576.50 | -7.25% |
| S3 | 2,564.00 | -7.70% |
6268 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Sep 01, 2024 | JP¥40.00 | 1.44% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Mar 27, 2024 | JP¥40.00 | 1.57% |
| 3 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥40.00 | 1.26% |
| 4 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥39.00 | 1.16% |
| 5 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥39.00 | 1.19% |
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