NIHON TRIM CO.,LTD. Stock Forecast
NIHON TRIM CO.,LTD. stock upgraded to Hold/Accumulate.
(Updated on Apr 17, 2024)
The NIHON TRIM CO.,LTD. stock price fell by -0.284% on the last day (Wednesday, 17th Apr 2024) from JP¥3,520.00 to JP¥3,510.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.01% from a day low at JP¥3,490.00 to a day high of JP¥3,560.00. The price has fallen in 6 of the last 10 days and is down by -3.84% for this period. 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 -14 thousand shares and in total, 8 thousand shares were bought and sold for approximately JP¥27.73 million.
Given the current short-term trend, the stock is expected to rise 22.51% during the next 3 months and, with a 90% probability hold a price between JP¥4,300.05 and JP¥5,122.96 at the end of this 3-month period.
6788.T Signals & Forecast
There are few to no technical positive signals at the moment. The NIHON TRIM CO.,LTD. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at JP¥3,614.29 and JP¥3,726.29. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 22, 2024, and so far it has fallen -11.25%. 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). 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 NIHON TRIM CO.,LTD. stock
NIHON TRIM CO.,LTD. finds support from accumulated volume at JP¥3,485.00 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¥70.00 between high and low, or 2.01%. For the last week, the stock has had daily average volatility of 2.11%.
Our recommended stop-loss: JP¥3,342.57 (-4.77%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (6788.T) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect NIHON TRIM CO.,LTD. to open at JP¥3,520.00, and during the day (based on 14 day Average True Range), to move between JP¥3,423.48 and JP¥3,596.52, which gives a possible trading interval of +/-JP¥86.52 (+/-2.47%) up or down from last closing price. If NIHON TRIM CO.,LTD. takes out the full calculated possible swing range there will be an estimated 4.93% 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¥3,485.00 (0.71%) than the resistance at JP¥3,700.00 (5.41%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is NIHON TRIM CO.,LTD. stock A Buy?
NIHON TRIM CO.,LTD. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.503 Hold/Accumulate Upgraded
Predicted Opening Price for NIHON TRIM CO.,LTD. of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| JP¥3,520.00 ( 0.285%) | JP¥3,510.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6788.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,590.00 | 2.28 % | |
| R2 | 3,563.26 | 1.52 % | ||
| R1 | 3,546.74 | 1.05 % | ||
| Current price: | 3,510.00 | |||
| Support | S1 | 3,493.26 | -0.477 % | |
| S2 | 3,476.74 | -0.95 % | ||
| S3 | 3,450.00 | -1.71 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,915.00 | 11.54 % | |
| R2 | 3,755.00 | 6.98 % | ||
| R1 | 3,700.00 | 5.41 % | ||
| Current price | 3,510.00 | |||
| Support | S1 | 3,485.00 | -0.712% | |
| S2 | 3,310.00 | -5.70% | ||
| S3 | 3,290.00 | -6.27% |
6788 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥40.00 | 1.36% |
| 2 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥60.00 | 2.29% |
| 3 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥60.00 | 1.44% |
| 4 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥70.00 | 2.41% |
| 5 | Mar 27, 2019 | Mar 27, 2019 | Mar 27, 2019 | JP¥60.00 | 1.03% |
FAQ
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