NIKKISO CO.,LTD. Stock Forecast
Red day on Thursday for NIKKISO CO.,LTD. stock after losing 0%
(Updated on May 02, 2024)
No changes to the price of NIKKISO CO.,LTD. stock on the last trading day (Thursday, 2nd May 2024). During the last trading day the stock fluctuated 1.12% from a day low at JP¥1,255.00 to a day high of JP¥1,269.00. The price has risen in 6 of the last 10 days and is up by 0.4% over the past 2 weeks.
The stock lies in the middle of a strong 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 10.43% during the next 3 months and, with a 90% probability hold a price between JP¥1,352.22 and JP¥1,475.52 at the end of this 3-month period.
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6376.T Signals & Forecast
The NIKKISO CO.,LTD. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at JP¥1,256.14 and JP¥1,256.69. A breakdown below any of these levels will issue sell signals. The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -3.15%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for NIKKISO CO.,LTD. stock
NIKKISO CO.,LTD. finds support from accumulated volume at JP¥1,242.00 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¥14.00 between high and low, or 1.12%. For the last week the stock has had daily average volatility of 2.78%.
Our recommended stop-loss: JP¥1,205.87 (-4.37%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 16 days ago.)
Trading Expectations (6376.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect NIKKISO CO.,LTD. to open at JP¥1,261.67, and during the day (based on 14 day Average True Range), to move between JP¥1,232.60 and JP¥1,289.40, which gives a possible trading interval of +/-JP¥28.40 (+/-2.25%) up or down from last closing price. If NIKKISO CO.,LTD. takes out the full calculated possible swing range there will be an estimated 4.50% 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¥1,276.00 (1.19%) than the support at JP¥1,242.00 (1.51%), 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 NIKKISO CO.,LTD. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for NIKKISO CO.,LTD. stock to perform well in the short-term.
Current score: 2.837 Buy Candidate Unchanged
Predicted Opening Price for NIKKISO CO.,LTD. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥1,261.67 ( 0.0529%) | JP¥1,261.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6376.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,275.67 | 1.16 % | |
| R2 | 1,270.32 | 0.739 % | ||
| R1 | 1,267.01 | 0.477 % | ||
| Current price: | 1,261.00 | |||
| Support | S1 | 1,256.32 | -0.371 % | |
| S2 | 1,253.01 | -0.633 % | ||
| S3 | 1,247.67 | -1.06 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,288.00 | 2.14 % | |
| R2 | 1,285.00 | 1.90 % | ||
| R1 | 1,276.00 | 1.19 % | ||
| Current price | 1,261.00 | |||
| Support | S1 | 1,242.00 | -1.51% | |
| S2 | 1,221.00 | -3.17% | ||
| S3 | 1,162.00 | -7.85% |
6376 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Jun 27, 2024 | JP¥0 | 0% |
| 2 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥12.50 | 1.38% |
| 3 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥12.50 | 1.29% |
| 4 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥12.50 | 1.55% |
| 5 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥10.00 | 1.26% |
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