NIHON KOHDEN CORPORATION Stock Forecast
NIHON KOHDEN CORPORATION stock price up 2.29% on Wednesday
(Updated on Jul 03, 2024)
The NIHON KOHDEN CORPORATION stock price gained 2.29% on the last trading day (Wednesday, 3rd Jul 2024), rising from JP¥2,318.00 to JP¥2,371.00. During the last trading day the stock fluctuated 2.98% from a day low at JP¥2,319.00 to a day high of JP¥2,388.00. The price has fallen in 6 of the last 10 days and is down by -49.29% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 16 thousand more shares were traded than the day before. In total, 406 thousand shares were bought and sold for approximately JP¥962.15 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥2,302.61 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -3.62% during the next 3 months and, with a 90% probability hold a price between JP¥2,219.34 and JP¥4,618.81 at the end of this 3-month period.
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6849.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, July 01, 2024, and so far it has risen 2.71%. Further rise is indicated until a new top pivot has been found. 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. The NIHON KOHDEN CORPORATION 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¥3,002.14 and JP¥4,308.46. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for NIHON KOHDEN CORPORATION stock
NIHON KOHDEN CORPORATION finds support from accumulated volume at JP¥2,324.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved JP¥69.00 between high and low, or 2.98%. For the last week, the stock has had daily average volatility of 2.28%.
NIHON KOHDEN CORPORATION is oversold on RSI14 (10). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (6849.T) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect NIHON KOHDEN CORPORATION to open at JP¥2,359.33, and during the day (based on 14 day Average True Range), to move between JP¥2,157.42 and JP¥2,584.58, which gives a possible trading interval of +/-JP¥213.58 (+/-9.01%) up or down from last closing price. If NIHON KOHDEN CORPORATION takes out the full calculated possible swing range there will be an estimated 18.02% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥2,324.00, some JP¥47.00 (1.98%) from the current price of JP¥2,371.00, our system finds the risk reward attractive.
Is NIHON KOHDEN CORPORATION stock A Buy?
NIHON KOHDEN CORPORATION holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.201 Sell Candidate Unchanged
Predicted Opening Price for NIHON KOHDEN CORPORATION of Thursday, July 4, 2024
Fair opening price July 4, 2024 | Current price |
---|---|
JP¥2,359.33 ( 0.492%) | JP¥2,371.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6849.T
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 2,428.33 | 2.42% |
R2 | 2,401.98 | 1.31% |
R1 | 2,385.69 | 0.620% |
Price | 2,371.00 | |
S1 | 2,332.98 | -1.60% |
S2 | 2,316.69 | -2.29% |
S3 | 2,290.33 | -3.40% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0 | - |
R1 | 0 | - |
Price | 2,371.00 | |
S1 | 2,324.00 | -1.98% |
S2 | 2,318.00 | -2.24% |
S3 | 2,308.50 | -2.64% |
6849 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 | Jun 27, 2024 | JP¥31.00 | 1.32% |
3 | Sep 28, 2023 | Sep 28, 2023 | Nov 29, 2023 | JP¥30.00 | 1.60% |
4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥41.00 | 2.28% |
5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥20.00 | 1.32% |
FAQ
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