Nippon Signal Company,Limited Stock Forecast
Green day on Wednesday for Nippon Signal Company,Limited
(Updated on Jun 26, 2024)
The Nippon Signal Company,Limited stock price gained 0.87% on the last trading day (Wednesday, 26th Jun 2024), rising from JP¥1,034.00 to JP¥1,043.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.45% from a day low at JP¥1,034.00 to a day high of JP¥1,049.00. The price has risen in 7 of the last 10 days and is up by 4.72% 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, 25 thousand more shares were traded than the day before. In total, 119 thousand shares were bought and sold for approximately JP¥123.60 million.
The stock has broken the horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. JP¥1,042.87 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach JP¥1,110.83 sometime during the next 3 months.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
6741.T Signals & Forecast
Mostly positive signals in the chart today. The Nippon Signal Company,Limited 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¥1,022.71 and JP¥1,008.57. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 6.32%. 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). Volume is rising along with the price. This is considered to be a good technical signal. The stock had a Golden Star Signal on Tuesday, June 18, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Tuesday, June 18, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Nippon Signal Company,Limited stock
Nippon Signal Company,Limited finds support from accumulated volume at JP¥1,012.00 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¥15.00 between high and low, or 1.45%. For the last week the stock has had daily average volatility of 1.27%.
Our recommended stop-loss: JP¥996.52 (-4.46%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 30 days ago.)
Trading Expectations (6741.T) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Nippon Signal Company,Limited to open at JP¥1,042.00, and during the day (based on 14 day Average True Range), to move between JP¥1,028.51 and JP¥1,057.49, which gives a possible trading interval of +/-JP¥14.49 (+/-1.39%) up or down from last closing price. If Nippon Signal Company,Limited takes out the full calculated possible swing range there will be an estimated 2.78% 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¥1,052.00 (0.86%) than the support at JP¥1,012.00 (2.97%), 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 Signal Company,Limited stock A Buy?
Several short-term signals are positive and the stock has broken the horizontal trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Nippon Signal Company,Limited stock to perform well in the short-term period.
Current score: 3.009 Buy Candidate Unchanged
Predicted Opening Price for Nippon Signal Company,Limited of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| JP¥1,042.00 ( 0.0959%) | JP¥1,043.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6741.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,057.00 | 1.34% |
| R2 | 1,051.27 | 0.793% |
| R1 | 1,047.73 | 0.453% |
| Price | 1,043.00 | |
| S1 | 1,036.27 | -0.645% |
| S2 | 1,032.73 | -0.98% |
| S3 | 1,027.00 | -1.53% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 1,062.00 | 1.82% |
| R1 | 1,052.00 | 0.86% |
| Price | 1,043.00 | |
| S1 | 1,012.00 | -2.97% |
| S2 | 1,010.00 | -3.16% |
| S3 | 1,000.00 | -4.12% |
6741 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | May 31, 2024 | JP¥22.00 | 2.20% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Dec 01, 2023 | JP¥7.00 | 0.731% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥20.00 | 1.87% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥7.00 | 0.749% |
FAQ
Click here for our free guide on how to buy Nippon Signal Company,Limited Stock.
