NIPPON THOMPSON CO.,LTD. Stock Forecast
NIPPON THOMPSON CO.,LTD. stock upgraded to Strong Buy Candidate.
(Updated on May 02, 2024)
The NIPPON THOMPSON CO.,LTD. stock price fell by -0.307% on the last day (Thursday, 2nd May 2024) from JP¥652.00 to JP¥650.00. During the last trading day the stock fluctuated 1.71% from a day low at JP¥644.00 to a day high of JP¥655.00. The price has risen in 6 of the last 10 days and is up by 6.38% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -17 thousand shares and in total, 70 thousand shares were bought and sold for approximately JP¥45.70 million.
The stock lies in the middle of a wide and weak 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 5.46% during the next 3 months and, with a 90% probability hold a price between JP¥650.87 and JP¥741.68 at the end of this 3-month period.
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6480.T Signals & Forecast
The NIPPON THOMPSON CO.,LTD. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at JP¥645.14 and JP¥641.86. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 6.38%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for NIPPON THOMPSON CO.,LTD. stock
NIPPON THOMPSON CO.,LTD. finds support from accumulated volume at JP¥638.00 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¥11.00 (1.71%) between high and low. For the last week, the stock has had daily average volatility of 1.78%.
Our recommended stop-loss: JP¥619.69 (-4.66%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (6480.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect NIPPON THOMPSON CO.,LTD. to open at JP¥649.67, and during the day (based on 14 day Average True Range), to move between JP¥636.34 and JP¥663.66, which gives a possible trading interval of +/-JP¥13.66 (+/-2.10%) up or down from last closing price. If NIPPON THOMPSON CO.,LTD. takes out the full calculated possible swing range there will be an estimated 4.20% 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¥653.00 (0.46%) than the support at JP¥638.00 (1.85%), 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 NIPPON THOMPSON CO.,LTD. stock A Buy?
NIPPON THOMPSON CO.,LTD. holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.097 Strong Buy Candidate Upgraded
Predicted Opening Price for NIPPON THOMPSON CO.,LTD. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥649.67 ( 0.0513%) | JP¥650.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6480.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 660.67 | 1.64 % | |
| R2 | 656.46 | 0.99 % | ||
| R1 | 653.87 | 0.595 % | ||
| Current price: | 650.00 | |||
| Support | S1 | 645.46 | -0.698 % | |
| S2 | 642.87 | -1.10 % | ||
| S3 | 638.67 | -1.74 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 684.00 | 5.23 % | |
| R2 | 678.00 | 4.31 % | ||
| R1 | 653.00 | 0.462 % | ||
| Current price | 650.00 | |||
| Support | S1 | 638.00 | -1.85% | |
| S2 | 637.00 | -2.00% | ||
| S3 | 626.00 | -3.69% |
6480 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¥10.00 | 1.73% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥9.00 | 1.68% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥7.00 | 1.29% |
| 5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥6.00 | 1.07% |
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