NACHI-FUJIKOSHI CORP. Stock Forecast
NACHI-FUJIKOSHI CORP. stock downgraded from Hold/Accumulate to Sell Candidate after Wednesday trading session.
(Updated on May 08, 2024)
The NACHI-FUJIKOSHI CORP. stock price fell by -1.02% on the last day (Wednesday, 8th May 2024) from JP¥3,430.00 to JP¥3,395.00. During the last trading day the stock fluctuated 1.33% from a day low at JP¥3,395.00 to a day high of JP¥3,440.00. The price has risen in 6 of the last 10 days and is up by 5.11% over the past 2 weeks. Volume has increased on the last day by 15 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 53 thousand shares were bought and sold for approximately JP¥178.58 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¥3,238.02 and JP¥3,531.33 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
There are mixed signals in the stock today. 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¥3,407.71. On a fall, the stock will find some support from the short-term average at JP¥3,384.29. 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 Tuesday, May 07, 2024, and so far it has fallen -1.02%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for NACHI-FUJIKOSHI CORP. stock
NACHI-FUJIKOSHI CORP. finds support from accumulated volume at JP¥3,375.00 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¥45.00 between high and low, or 1.33%. For the last week the stock has had daily average volatility of 1.42%.
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 Thursday 9th
For the upcoming trading day on Thursday, 9th we expect NACHI-FUJIKOSHI CORP. to open at JP¥3,410.00, and during the day (based on 14 day Average True Range), to move between JP¥3,334.02 and JP¥3,455.98, which gives a possible trading interval of +/-JP¥60.98 (+/-1.80%) up or down from last closing price. If NACHI-FUJIKOSHI CORP. takes out the full calculated possible swing range there will be an estimated 3.59% 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¥3,375.00 (0.59%) than the resistance at JP¥3,430.00 (1.03%), 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.721 Sell Candidate Downgraded
Predicted Opening Price for NACHI-FUJIKOSHI CORP. of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| JP¥3,410.00 ( 0.442%) | JP¥3,395.00 |
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 | 3,455.00 | 1.77 % | |
| R2 | 3,437.81 | 1.26 % | ||
| R1 | 3,427.19 | 0.95 % | ||
| Current price: | 3,395.00 | |||
| Support | S1 | 3,392.81 | -0.0645 % | |
| S2 | 3,382.19 | -0.377 % | ||
| S3 | 3,365.00 | -0.88 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,455.00 | 1.77 % | |
| R2 | 3,435.00 | 1.18 % | ||
| R1 | 3,430.00 | 1.03 % | ||
| Current price | 3,395.00 | |||
| Support | S1 | 3,375.00 | -0.589% | |
| S2 | 3,345.00 | -1.47% | ||
| S3 | 3,305.00 | -2.65% |
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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