NSK Ltd. Stock Forecast
Green day on Tuesday for NSK Ltd. stock after gaining 1.22%
(Updated on May 07, 2024)
The NSK Ltd. stock price gained 1.22% on the last trading day (Tuesday, 7th May 2024), rising from JP¥845.60 to JP¥855.90. During the last trading day the stock fluctuated 1.24% from a day low at JP¥847.00 to a day high of JP¥857.50. The price has fallen in 6 of the last 10 days and is down by -1.77% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 178 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately JP¥1.28 billion.
The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥847.32 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 11.89% during the next 3 months and, with a 90% probability hold a price between JP¥948.05 and JP¥1,034.74 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
6471.T Signals & Forecast
Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The NSK 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¥860.89 and JP¥867.67. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -4.42%. 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 NSK Ltd. stock
NSK Ltd. finds support from accumulated volume at JP¥832.90 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¥10.50 between high and low, or 1.24%. For the last week the stock has had daily average volatility of 1.60%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (6471.T) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect NSK Ltd. to open at JP¥853.47, and during the day (based on 14 day Average True Range), to move between JP¥838.73 and JP¥873.07, which gives a possible trading interval of +/-JP¥17.17 (+/-2.01%) up or down from last closing price. If NSK Ltd. takes out the full calculated possible swing range there will be an estimated 4.01% 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¥832.90 (2.69%) than the resistance at JP¥879.00 (2.70%), 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
NSK Ltd. will release earnings BMO on Thursday, May 09, 2024. We will update the financials statements for NSK Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.23% in the first trading day after earnings release.
Is NSK Ltd. stock A Buy?
The NSK Ltd. stock holds several negative signals and despite the positive trend, we believe NSK Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.432 Sell Candidate Unchanged
Predicted Opening Price for NSK Ltd. of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| JP¥853.47 ( 0.284%) | JP¥855.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6471.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 863.97 | 0.94 % | |
| R2 | 859.96 | 0.474 % | ||
| R1 | 857.48 | 0.184 % | ||
| Current price: | 855.90 | |||
| Support | S1 | 849.46 | -0.753 % | |
| S2 | 846.98 | -1.04 % | ||
| S3 | 842.97 | -1.51 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 888.60 | 3.82 % | |
| R2 | 883.70 | 3.25 % | ||
| R1 | 879.00 | 2.70 % | ||
| Current price | 855.90 | |||
| Support | S1 | 832.90 | -2.69% | |
| S2 | 766.00 | -10.50% | ||
| S3 | 760.20 | -11.18% |
6471 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥15.00 | 2.02% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥15.00 | 2.06% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥15.00 | 2.01% |
| 5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥10.00 | 1.31% |
FAQ
Click here for our free guide on how to buy NSK Ltd. Stock.
