NAKAYAMAFUKU CO.,LTD. Stock Forecast
NAKAYAMAFUKU CO.,LTD. stock upgraded to Hold/Accumulate.
(Updated on Mar 29, 2024)
The NAKAYAMAFUKU CO.,LTD. stock price gained 0.82% on the last trading day (Friday, 29th Mar 2024), rising from JP¥365.00 to JP¥368.00. During the last trading day the stock fluctuated 0.546% from a day low at JP¥366.00 to a day high of JP¥368.00. The price has risen in 7 of the last 10 days and is up by 1.66% over the past 2 weeks. Volume fell on the last day by -39 thousand shares and in total, 15 thousand shares were bought and sold for approximately JP¥5.34 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at JP¥364.96 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect NAKAYAMAFUKU CO.,LTD. stock with a 90% probability to be traded between JP¥362.94 and JP¥380.81 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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7442.T Signals & Forecast
The NAKAYAMAFUKU 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¥377.14. On a fall, the stock will find some support from the long-term average at approximately JP¥365.86. 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 Thursday, March 28, 2024, and so far it has risen 0.82%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. The stock had a Golden Star Signal on Tuesday, June 20, 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.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, June 20, 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 NAKAYAMAFUKU CO.,LTD. stock
NAKAYAMAFUKU CO.,LTD. finds support from accumulated volume at JP¥365.00 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¥2.00 (0.546%) between high and low. For the last week, the stock has had daily average volatility of 1.34%.
Our recommended stop-loss: JP¥349.42 (-5.05%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (7442.T) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect NAKAYAMAFUKU CO.,LTD. to open at JP¥367.33, and during the day (based on 14 day Average True Range), to move between JP¥362.72 and JP¥373.28, which gives a possible trading interval of +/-JP¥5.28 (+/-1.43%) up or down from last closing price. If NAKAYAMAFUKU CO.,LTD. takes out the full calculated possible swing range there will be an estimated 2.87% 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¥369.00 (0.27%) than the support at JP¥365.00 (0.82%), 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 NAKAYAMAFUKU CO.,LTD. stock A Buy?
NAKAYAMAFUKU 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: 0.666 Hold/Accumulate Upgraded
Predicted Opening Price for NAKAYAMAFUKU CO.,LTD. of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
JP¥367.33 ( 0.181%) | JP¥368.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7442.T
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 369.33 | 0.362 % | |
R2 | 368.57 | 0.155 % | ||
R1 | 368.10 | 0.0264 % | ||
Current price: | 368.00 | |||
Support | S1 | 366.57 | -0.389 % | |
S2 | 366.10 | -0.517 % | ||
S3 | 365.33 | -0.725 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 383.00 | 4.08 % | |
R2 | 375.00 | 1.90 % | ||
R1 | 369.00 | 0.272 % | ||
Current price | 368.00 | |||
Support | S1 | 365.00 | -0.82% | |
S2 | 361.00 | -1.90% | ||
S3 | 358.00 | -2.72% |
7442 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥10.00 | 2.92% |
2 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥12.00 | 3.31% |
3 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥10.00 | 2.04% |
4 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥27.00 | 5.54% |
5 | Mar 27, 2019 | Mar 27, 2019 | Mar 27, 2019 | JP¥27.00 | 4.94% |
FAQ
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