NACHI-FUJIKOSHI CORP. Stock Forecast
NACHI-FUJIKOSHI CORP. stock price ended at JP¥3,355.00 on Friday, after gaining 1.05%.
(Updated on Apr 26, 2024)
The NACHI-FUJIKOSHI CORP. stock price gained 1.05% on the last trading day (Friday, 26th Apr 2024), rising from JP¥3,320.00 to JP¥3,355.00. During the last trading day the stock fluctuated 1.82% from a day low at JP¥3,300.00 to a day high of JP¥3,360.00. The price has been going up and down for this period, and there has been a -3.59% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 24 thousand more shares were traded than the day before. In total, 58 thousand shares were bought and sold for approximately JP¥195.60 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect NACHI-FUJIKOSHI CORP. stock with a 90% probability to be traded between JP¥3,190.05 and JP¥3,482.75 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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6474.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 3.87%. Further rise is indicated until a new top pivot has been found. 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 NACHI-FUJIKOSHI CORP. 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¥3,404.00. On a fall, the stock will find some support from the short-term average at JP¥3,310.71. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
A buy signal from a double bottom formation was found on Friday, April 19, 2024 and based on theory for this formation the price should go up by 12.93% to JP¥3,788.64 within 44 trading days since signal was issued (Tuesday, April 30, 2024).
Support, Risk & Stop-loss for NACHI-FUJIKOSHI CORP. stock
NACHI-FUJIKOSHI CORP. finds support from accumulated volume at JP¥3,350.00 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¥60.00 (1.82%) between high and low. For the last week, the stock has had daily average volatility of 1.31%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (6474.T) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect NACHI-FUJIKOSHI CORP. to open at JP¥3,338.33, and during the day (based on 14 day Average True Range), to move between JP¥3,290.19 and JP¥3,419.81, which gives a possible trading interval of +/-JP¥64.81 (+/-1.93%) up or down from last closing price. If NACHI-FUJIKOSHI CORP. takes out the full calculated possible swing range there will be an estimated 3.86% 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¥3,350.00 (0.15%) than the resistance at JP¥3,375.00 (0.60%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is NACHI-FUJIKOSHI CORP. stock A Buy?
NACHI-FUJIKOSHI CORP. 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: -1.491 Sell Candidate Unchanged
Predicted Opening Price for NACHI-FUJIKOSHI CORP. of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| JP¥3,338.33 ( 0.497%) | JP¥3,355.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6474.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,398.33 | 1.29 % | |
| R2 | 3,375.41 | 0.608 % | ||
| R1 | 3,361.25 | 0.186 % | ||
| Current price: | 3,355.00 | |||
| Support | S1 | 3,315.41 | -1.18 % | |
| S2 | 3,301.25 | -1.60 % | ||
| S3 | 3,278.33 | -2.29 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,445.00 | 2.68 % | |
| R2 | 3,435.00 | 2.38 % | ||
| R1 | 3,375.00 | 0.596 % | ||
| Current price | 3,355.00 | |||
| Support | S1 | 3,350.00 | -0.149% | |
| S2 | 3,345.00 | -0.298% | ||
| S3 | 3,305.00 | -1.49% |
6474 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 28, 2024 | Nov 28, 2024 | Nov 28, 2024 | JP¥0 | 0% |
| 2 | Nov 29, 2022 | Nov 29, 2022 | Nov 29, 2022 | JP¥110.00 | 2.80% |
| 3 | Nov 29, 2021 | Nov 29, 2021 | Nov 29, 2021 | JP¥100.00 | 2.58% |
| 4 | Nov 27, 2020 | Nov 27, 2020 | Nov 27, 2020 | JP¥50.00 | 1.11% |
| 5 | Nov 28, 2019 | Nov 28, 2019 | Nov 28, 2019 | JP¥100.00 | 1.97% |
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