NIKKO CO.,LTD. Stock Forecast
Red day on Friday for NIKKO CO.,LTD. stock after losing 1.21%
(Updated on May 17, 2024)
The NIKKO CO.,LTD. stock price fell by -1.21% on the last day (Friday, 17th May 2024) from JP¥744.00 to JP¥735.00. During the last trading day the stock fluctuated 1.22% from a day low at JP¥735.00 to a day high of JP¥744.00. The price has fallen in 6 of the last 10 days and is down by -0.54% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -54 thousand shares and in total, 29 thousand shares were bought and sold for approximately JP¥21.02 million.
The stock lies in the middle of a 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 -6.77% during the next 3 months and, with a 90% probability hold a price between JP¥661.35 and JP¥703.25 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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6306.T Signals & Forecast
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 NIKKO CO.,LTD. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at JP¥741.86 and JP¥744.51. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 13, 2024, and so far it has fallen -1.74%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Wednesday, December 20, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Wednesday, December 20, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for NIKKO CO.,LTD. stock
NIKKO CO.,LTD. finds support from accumulated volume at JP¥732.00 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¥9.00 between high and low, or 1.22%. For the last week the stock has had daily average volatility of 2.07%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (6306.T) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect NIKKO CO.,LTD. to open at JP¥738.00, and during the day (based on 14 day Average True Range), to move between JP¥724.26 and JP¥745.74, which gives a possible trading interval of +/-JP¥10.74 (+/-1.46%) up or down from last closing price. If NIKKO CO.,LTD. takes out the full calculated possible swing range there will be an estimated 2.92% 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¥732.00 (0.41%) than the resistance at JP¥744.00 (1.22%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is NIKKO CO.,LTD. stock A Buy?
NIKKO CO.,LTD. holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.652 Sell Candidate Unchanged
Predicted Opening Price for NIKKO CO.,LTD. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| JP¥738.00 ( 0.408%) | JP¥735.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6306.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 747.00 | 1.63 % | |
| R2 | 743.56 | 1.16 % | ||
| R1 | 741.44 | 0.88 % | ||
| Current price: | 735.00 | |||
| Support | S1 | 734.56 | -0.0596 % | |
| S2 | 732.44 | -0.349 % | ||
| S3 | 729.00 | -0.82 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 781.00 | 6.26 % | |
| R2 | 780.00 | 6.12 % | ||
| R1 | 744.00 | 1.22 % | ||
| Current price | 735.00 | |||
| Support | S1 | 732.00 | -0.408% | |
| S2 | 729.00 | -0.82% | ||
| S3 | 727.00 | -1.09% |
6306 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥15.00 | 2.38% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥15.00 | 2.42% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥15.00 | 2.42% |
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