NANSIN CO.,LTD. Stock Forecast

Stronger technical forecast for NANSIN CO.,LTD. stock price after Thursday trading.
(Updated on May 02, 2024)

7399.T Signals & Forecast

The NANSIN CO.,LTD. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥592.86. On a fall, the stock will find some support from the long-term average at approximately JP¥589.46. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 2.97%. Further rise is indicated until a new top pivot has been found. 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). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The stock had a Golden Star Signal on Thursday, August 31, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for NANSIN CO.,LTD. stock

NANSIN CO.,LTD. finds support from accumulated volume at JP¥565.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved JP¥0 between high and low, or 0%. For the last week the stock has had daily average volatility of 1.20%

Our recommended stop-loss: JP¥557.74 (-5.47%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)

Trading Expectations (7399.T) For The Upcoming Trading Day Of Tuesday 7th

For the upcoming trading day on Tuesday, 7th we expect NANSIN CO.,LTD. to open at JP¥590.00, and during the day (based on 14 day Average True Range), to move between JP¥580.01 and JP¥599.99, which gives a possible trading interval of +/-JP¥9.99 (+/-1.69%) up or down from last closing price. If NANSIN CO.,LTD. takes out the full calculated possible swing range there will be an estimated 3.39% 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¥592.00 (0.34%) than the support at JP¥565.00 (4.24%), 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.

Is NANSIN CO.,LTD. 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 NANSIN CO.,LTD. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 3.876 Buy Candidate Upgraded

Predicted Opening Price for NANSIN CO.,LTD. of Tuesday, May 7, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.