NIPPON GEAR CO.,LTD. Stock Forecast
Red day on Friday for NIPPON GEAR CO.,LTD.
(Updated on May 17, 2024)
No changes to the price of NIPPON GEAR CO.,LTD. stock on the last trading day (Friday, 17th May 2024). During the last trading day the stock fluctuated 2.24% from a day low at JP¥535.00 to a day high of JP¥547.00. The price has fallen in 5 of the last 10 days and is down by -12.54% for this period.
The stock is at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at JP¥543.98 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect NIPPON GEAR CO.,LTD. stock with a 90% probability to be traded between JP¥542.96 and JP¥736.08 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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6356.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 16, 2024, and so far it has fallen 0%. 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. The NIPPON GEAR 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¥577.14 and JP¥635.09. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for NIPPON GEAR CO.,LTD. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved JP¥12.00 between high and low, or 2.24%. For the last week, the stock has had daily average volatility of 5.73%.
NIPPON GEAR CO.,LTD. is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (6356.T) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect NIPPON GEAR CO.,LTD. to open at JP¥542.00, and during the day (based on 14 day Average True Range), to move between JP¥516.18 and JP¥571.82, which gives a possible trading interval of +/-JP¥27.82 (+/-5.11%) up or down from last closing price. If NIPPON GEAR CO.,LTD. takes out the full calculated possible swing range there will be an estimated 10.23% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ JP¥558.00, some JP¥14.00 (2.57%) from the current price of JP¥544.00, our system finds the risk reward not very attractive.
Is NIPPON GEAR CO.,LTD. stock A Buy?
NIPPON GEAR CO.,LTD. holds several negative signals and is within a very wide and 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: -2.993 Sell Candidate Unchanged
Predicted Opening Price for NIPPON GEAR CO.,LTD. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| JP¥542.00 ( 0.368%) | JP¥544.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6356.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 554.00 | 1.84 % | |
| R2 | 549.42 | 1.00 % | ||
| R1 | 546.58 | 0.475 % | ||
| Current price: | 544.00 | |||
| Support | S1 | 537.42 | -1.21 % | |
| S2 | 534.58 | -1.73 % | ||
| S3 | 530.00 | -2.57 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 638.00 | 17.28 % | |
| R2 | 625.00 | 14.89 % | ||
| R1 | 558.00 | 2.57 % | ||
| Current price | 544.00 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
6356 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¥4.00 | 0.774% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥2.00 | 0.570% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥2.00 | 0.719% |
FAQ
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