NTN CORPORATION Stock Forecast
NTN CORPORATION stock price ended at JP¥309.50 on Thursday, after gaining 2.38%.
(Updated on Apr 18, 2024)
The NTN CORPORATION stock price gained 2.38% on the last trading day (Thursday, 18th Apr 2024), rising from JP¥302.30 to JP¥309.50. During the last trading day the stock fluctuated 3.02% from a day low at JP¥301.70 to a day high of JP¥310.80. The price has fallen in 6 of the last 10 days but is still up by 0.78% 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, 657 thousand more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately JP¥1.29 billion.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥303.12 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 16.56% during the next 3 months and, with a 90% probability hold a price between JP¥353.32 and JP¥408.10 at the end of this 3-month period.
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6472.T Signals & Forecast
There are mixed signals in the stock today. The NTN CORPORATION stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥311.22. On a fall, the stock will find some support from the short-term average at JP¥307.80. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Friday, March 01, 2024, and so far it has fallen -4.24%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for NTN CORPORATION stock
NTN CORPORATION finds support from accumulated volume at JP¥299.50 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¥9.10 (3.02%) between high and low. For the last week, the stock has had daily average volatility of 2.29%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (6472.T) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect NTN CORPORATION to open at JP¥307.33, and during the day (based on 14 day Average True Range), to move between JP¥302.82 and JP¥316.18, which gives a possible trading interval of +/-JP¥6.68 (+/-2.16%) up or down from last closing price. If NTN CORPORATION takes out the full calculated possible swing range there will be an estimated 4.32% 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¥313.60 (1.32%) than the support at JP¥299.50 (3.23%), 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 NTN CORPORATION stock A Buy?
NTN CORPORATION holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.130 Sell Candidate Unchanged
Predicted Opening Price for NTN CORPORATION of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| JP¥307.33 ( 0.700%) | JP¥309.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6472.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 316.43 | 2.24 % | |
| R2 | 312.96 | 1.12 % | ||
| R1 | 310.81 | 0.423 % | ||
| Current price: | 309.50 | |||
| Support | S1 | 303.86 | -1.82 % | |
| S2 | 301.71 | -2.52 % | ||
| S3 | 298.23 | -3.64 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 317.60 | 2.62 % | |
| R2 | 317.40 | 2.55 % | ||
| R1 | 313.60 | 1.32 % | ||
| Current price | 309.50 | |||
| Support | S1 | 299.50 | -3.23% | |
| S2 | 283.40 | -8.43% | ||
| S3 | 278.10 | -10.15% |
6472 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¥2.50 | 0.758% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥2.50 | 0.95% |
| 4 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥5.00 | 2.55% |
| 5 | Sep 27, 2019 | Sep 27, 2019 | Sep 27, 2019 | JP¥5.00 | 1.60% |
FAQ
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