NOK CORPORATION Stock Forecast
Red day on Tuesday for NOK CORPORATION
(Updated on May 07, 2024)
The NOK CORPORATION stock price fell by -0.0441% on the last day (Tuesday, 7th May 2024) from JP¥2,268.50 to JP¥2,267.50. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.49% from a day low at JP¥2,247.50 to a day high of JP¥2,281.00. The price has been going up and down for this period, and there has been a 6.73% gain for the last 2 weeks. Volume has increased on the last day by 129 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 396 thousand shares were bought and sold for approximately JP¥898.38 million.
The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at JP¥2,294.59 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 5.77% during the next 3 months and, with a 90% probability hold a price between JP¥2,163.79 and JP¥2,426.93 at the end of this 3-month period.
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7240.T Signals & Forecast
The NOK CORPORATION 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¥2,265.36 and JP¥2,126.03. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -0.90%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for NOK CORPORATION stock
NOK CORPORATION finds support from accumulated volume at JP¥2,251.50 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¥33.50 between high and low, or 1.49%. For the last week, the stock has had daily average volatility of 2.16%.
Our recommended stop-loss: JP¥2,199.37 (-3.00%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (7240.T) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect NOK CORPORATION to open at JP¥2,265.33, and during the day (based on 14 day Average True Range), to move between JP¥2,216.31 and JP¥2,318.69, which gives a possible trading interval of +/-JP¥51.19 (+/-2.26%) up or down from last closing price. If NOK CORPORATION takes out the full calculated possible swing range there will be an estimated 4.52% 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¥2,268.50 (0.04%) than the support at JP¥2,251.50 (0.71%), 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.
Earnings coming up
NOK CORPORATION will release earnings BMO on Monday, May 13, 2024. We will update the financials statements for NOK CORPORATION, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.26% in the first trading day after earnings release.
Is NOK CORPORATION stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for NOK CORPORATION stock to perform well in the short-term.
Current score: 3.227 Buy Candidate Unchanged
Predicted Opening Price for NOK CORPORATION of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| JP¥2,265.33 ( 0.0956%) | JP¥2,267.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7240.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,298.83 | 1.38 % | |
| R2 | 2,286.04 | 0.82 % | ||
| R1 | 2,278.13 | 0.469 % | ||
| Current price: | 2,267.50 | |||
| Support | S1 | 2,252.54 | -0.660 % | |
| S2 | 2,244.63 | -1.01 % | ||
| S3 | 2,231.83 | -1.57 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,288.00 | 0.90 % | |
| R2 | 2,280.00 | 0.551 % | ||
| R1 | 2,268.50 | 0.0441 % | ||
| Current price | 2,267.50 | |||
| Support | S1 | 2,251.50 | -0.706% | |
| S2 | 2,140.50 | -5.60% | ||
| S3 | 2,073.50 | -8.56% |
7240 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥50.00 | 3.49% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥25.00 | 2.14% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥10.00 | 0.86% |
| 5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥25.00 | 1.85% |
FAQ
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