NITTAN VALVE CO.,LTD. Stock Forecast
Green day on Wednesday for NITTAN VALVE CO.,LTD.
(Updated on Mar 27, 2024)
The NITTAN VALVE CO.,LTD. stock price gained 0.783% on the last trading day (Wednesday, 27th Mar 2024), rising from JP¥383.00 to JP¥386.00. During the last trading day the stock fluctuated 1.57% from a day low at JP¥382.00 to a day high of JP¥388.00. The price has risen in 7 of the last 10 days and is up by 4.61% 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, 40 thousand more shares were traded than the day before. In total, 93 thousand shares were bought and sold for approximately JP¥36.05 million.
The stock lies in the middle of a wide and strong 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 23.65% during the next 3 months and, with a 90% probability hold a price between JP¥459.76 and JP¥517.67 at the end of this 3-month period.
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6493.T Signals & Forecast
The NITTAN VALVE 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¥379.57 and JP¥372.94. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, March 06, 2024, and so far it has fallen -3.26%. 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 NITTAN VALVE CO.,LTD. stock
NITTAN VALVE CO.,LTD. finds support from accumulated volume at JP¥368.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved JP¥6.00 between high and low, or 1.57%. For the last week, the stock has had daily average volatility of 1.69%.
Our recommended stop-loss: JP¥368.43 (-4.55%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (6493.T) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect NITTAN VALVE CO.,LTD. to open at JP¥385.33, and during the day (based on 14 day Average True Range), to move between JP¥376.75 and JP¥395.25, which gives a possible trading interval of +/-JP¥9.25 (+/-2.40%) up or down from last closing price. If NITTAN VALVE CO.,LTD. takes out the full calculated possible swing range there will be an estimated 4.79% 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¥387.00 (0.26%) than the support at JP¥368.00 (4.66%), 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 NITTAN VALVE CO.,LTD. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for NITTAN VALVE CO.,LTD. stock to perform well in the short-term.
Current score: 2.349 Buy Candidate Unchanged
Predicted Opening Price for NITTAN VALVE CO.,LTD. of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
JP¥385.33 ( 0.173%) | JP¥386.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6493.T
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 391.33 | 1.38 % | |
R2 | 389.04 | 0.788 % | ||
R1 | 387.63 | 0.421 % | ||
Current price: | 386.00 | |||
Support | S1 | 383.04 | -0.766 % | |
S2 | 381.63 | -1.13 % | ||
S3 | 379.33 | -1.73 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 399.00 | 3.37 % | |
R2 | 396.00 | 2.59 % | ||
R1 | 387.00 | 0.259 % | ||
Current price | 386.00 | |||
Support | S1 | 368.00 | -4.66% | |
S2 | 367.00 | -4.92% | ||
S3 | 355.00 | -8.03% |
6493 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¥3.00 | 1.20% |
3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥6.00 | 2.23% |
4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥6.00 | 2.17% |
5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥5.00 | 1.24% |
FAQ
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