NISSAN MOTOR CO.,LTD. Stock Forecast
NISSAN MOTOR CO.,LTD. stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 17, 2024)
The NISSAN MOTOR CO.,LTD. stock price fell by -0.523% on the last day (Friday, 17th May 2024) from JP¥555.00 to JP¥552.10. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.37% from a day low at JP¥549.20 to a day high of JP¥556.70. The price has fallen in 5 of the last 10 days and is down by -4.7% 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 -18 million shares and in total, 23 million shares were bought and sold for approximately JP¥12.57 billion.
The stock lies in the lower of a 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¥543.50 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.24% during the next 3 months and, with a 90% probability hold a price between JP¥531.33 and JP¥619.21 at the end of this 3-month period.
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7201.T Signals & Forecast
There are mixed signals in the stock today. The NISSAN MOTOR 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¥561.97 and JP¥575.20. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 0.99%. 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).
Support, Risk & Stop-loss for NISSAN MOTOR CO.,LTD. stock
NISSAN MOTOR CO.,LTD. finds support from accumulated volume at JP¥551.90 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥7.50 (1.37%) between high and low. For the last week, the stock has had daily average volatility of 2.70%.
Our recommended stop-loss: JP¥519.52 (-5.90%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (7201.T) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect NISSAN MOTOR CO.,LTD. to open at JP¥552.67, and during the day (based on 14 day Average True Range), to move between JP¥535.60 and JP¥568.60, which gives a possible trading interval of +/-JP¥16.50 (+/-2.99%) up or down from last closing price. If NISSAN MOTOR CO.,LTD. takes out the full calculated possible swing range there will be an estimated 5.98% 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¥551.90 (0.04%) than the resistance at JP¥555.70 (0.65%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is NISSAN MOTOR CO.,LTD. stock A Buy?
NISSAN MOTOR CO.,LTD. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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: -0.058 Hold/Accumulate Upgraded
Predicted Opening Price for NISSAN MOTOR CO.,LTD. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| JP¥552.67 ( 0.103%) | JP¥552.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7201.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 560.17 | 1.46 % | |
| R2 | 557.30 | 0.94 % | ||
| R1 | 555.53 | 0.622 % | ||
| Current price: | 552.10 | |||
| Support | S1 | 549.80 | -0.416 % | |
| S2 | 548.03 | -0.737 % | ||
| S3 | 545.17 | -1.26 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 605.30 | 9.64 % | |
| R2 | 604.10 | 9.42 % | ||
| R1 | 555.70 | 0.652 % | ||
| Current price | 552.10 | |||
| Support | S1 | 551.90 | -0.0362% | |
| S2 | 551.30 | -0.145% | ||
| S3 | 550.40 | -0.308% |
7201 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Sep 28, 2023 | Sep 28, 2023 | Nov 29, 2023 | JP¥5.00 | 0.87% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥10.00 | 2.04% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥5.00 | 0.91% |
| 5 | Sep 27, 2019 | Sep 27, 2019 | Sep 27, 2019 | JP¥10.00 | 1.46% |
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