Nojima Co.,Ltd. Stock Forecast
Strong day for Nojima Co.,Ltd. stock price on Thursday rising 5.03% to JP¥1,755.00
(Updated on May 30, 2024)
The Nojima Co.,Ltd. stock price gained 5.03% on the last trading day (Thursday, 30th May 2024), rising from JP¥1,671.00 to JP¥1,755.00. During the last trading day the stock fluctuated 6.19% from a day low at JP¥1,663.00 to a day high of JP¥1,766.00. The price has fallen in 6 of the last 10 days but is still up by 1.45% 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, 82 thousand more shares were traded than the day before. In total, 181 thousand shares were bought and sold for approximately JP¥317.83 million.
The stock lies in the middle of a wide and weak 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 3.37% during the next 3 months and, with a 90% probability hold a price between JP¥1,728.45 and JP¥1,970.28 at the end of this 3-month period.
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7419.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, May 28, 2024, and so far it has risen 5.09%. 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 Nojima Co.,Ltd. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥1,776.17. On a fall, the stock will find some support from the short-term average at JP¥1,693.00. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Nojima Co.,Ltd. stock
Nojima Co.,Ltd. finds support from accumulated volume at JP¥1,732.00 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¥103.00 between high and low, or 6.19%. For the last week, the stock has had daily average volatility of 2.45%.
Our recommended stop-loss: JP¥1,649.00 (-6.04%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (7419.T) For The Upcoming Trading Day Of Friday 31st
For the upcoming trading day on Friday, 31st we expect Nojima Co.,Ltd. to open at JP¥1,728.00, and during the day (based on 14 day Average True Range), to move between JP¥1,713.91 and JP¥1,796.09, which gives a possible trading interval of +/-JP¥41.09 (+/-2.34%) up or down from last closing price. If Nojima Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 4.68% 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¥1,764.00 (0.51%) than the support at JP¥1,732.00 (1.31%), 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 Nojima Co.,Ltd. stock A Buy?
Nojima 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.
Current score: 0.195 Hold/Accumulate Unchanged
Predicted Opening Price for Nojima Co.,Ltd. of Friday, May 31, 2024
| Fair opening price May 31, 2024 | Current price |
|---|---|
| JP¥1,728.00 ( 1.54%) | JP¥1,755.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7419.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,831.00 | 4.33 % | |
| R2 | 1,791.65 | 2.09 % | ||
| R1 | 1,767.35 | 0.703 % | ||
| Current price: | 1,755.00 | |||
| Support | S1 | 1,688.65 | -3.78 % | |
| S2 | 1,664.35 | -5.17 % | ||
| S3 | 1,625.00 | -7.41 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,775.00 | 1.14 % | |
| R2 | 1,769.00 | 0.798 % | ||
| R1 | 1,764.00 | 0.513 % | ||
| Current price | 1,755.00 | |||
| Support | S1 | 1,732.00 | -1.31% | |
| S2 | 1,710.00 | -2.56% | ||
| S3 | 1,705.00 | -2.85% |
7419 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 | Mar 28, 2024 | JP¥0 | 0% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥15.00 | 1.08% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥13.00 | 0.95% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥13.00 | 1.10% |
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