Namura Shipbuilding Co.,Ltd. Stock Forecast
Namura Shipbuilding Co.,Ltd. stock upgraded to Strong Buy Candidate.
(Updated on Jul 02, 2024)
The Namura Shipbuilding Co.,Ltd. stock price gained 3.85% on the last trading day (Tuesday, 2nd Jul 2024), rising from JP¥2,392.00 to JP¥2,484.00. During the last trading day the stock fluctuated 7.48% from a day low at JP¥2,340.00 to a day high of JP¥2,515.00. The price has fallen in 6 of the last 10 days but is still up by 17.56% 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, 13 million more shares were traded than the day before. In total, 28 million shares were bought and sold for approximately JP¥70.52 billion.
The stock lies in the middle of a very 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 24.51% during the next 3 months and, with a 90% probability hold a price between JP¥2,538.39 and JP¥3,237.46 at the end of this 3-month period.
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7014.T Signals & Forecast
The Namura Shipbuilding 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¥2,326.71 and JP¥2,105.71. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 25.45%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Namura Shipbuilding Co.,Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥2,255.00 and JP¥2,193.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Namura Shipbuilding Co.,Ltd. finds support just below today's level at JP¥2,255.00. If this is broken, then the next support from accumulated volume will be at JP¥2,193.00 and JP¥2,120.00.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved JP¥175.00 between high and low, or 7.48%. For the last week, the stock has had daily average volatility of 6.48%.
Our recommended stop-loss: JP¥2,387.12 (-3.90%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (7014.T) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Namura Shipbuilding Co.,Ltd. to open at JP¥2,446.33, and during the day (based on 14 day Average True Range), to move between JP¥2,314.19 and JP¥2,653.81, which gives a possible trading interval of +/-JP¥169.81 (+/-6.84%) up or down from last closing price. If Namura Shipbuilding Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 13.67% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥2,255.00, some JP¥229.00 (9.22%) from the current price of JP¥2,484.00, our system finds the risk reward attractive.
Is Namura Shipbuilding Co.,Ltd. stock A Buy?
Namura Shipbuilding Co.,Ltd. holds several positive signals and is within a strong 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: 5.490 Strong Buy Candidate Upgraded
Predicted Opening Price for Namura Shipbuilding Co.,Ltd. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| JP¥2,446.33 ( 1.52%) | JP¥2,484.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7014.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,621.33 | 5.53% |
| R2 | 2,554.48 | 2.84% |
| R1 | 2,513.18 | 1.17% |
| Price | 2,484.00 | |
| S1 | 2,379.48 | -4.21% |
| S2 | 2,338.18 | -5.87% |
| S3 | 2,271.33 | -8.56% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 2,484.00 | |
| S1 | 2,255.00 | -9.22% |
| S2 | 2,193.00 | -11.71% |
| S3 | 2,120.00 | -14.65% |
7014 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 26, 2024 | JP¥15.00 | 0.659% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Dec 18, 2023 | JP¥5.00 | 0.500% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥5.00 | 1.49% |
| 5 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥3.00 | 1.37% |
FAQ
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