NISHIMATSUYA CHAIN Co.,Ltd. Stock Forecast
NISHIMATSUYA CHAIN Co.,Ltd. stock price up 1.65% on Tuesday
(Updated on Jun 18, 2024)
The NISHIMATSUYA CHAIN Co.,Ltd. stock price gained 1.65% on the last trading day (Tuesday, 18th Jun 2024), rising from JP¥2,176.00 to JP¥2,212.00. During the last trading day the stock fluctuated 2.94% from a day low at JP¥2,177.00 to a day high of JP¥2,241.00. The price has been going up and down for this period, and there has been a -2.3% loss for the last 2 weeks. Volume fell on the last day by -484 thousand shares and in total, 271 thousand shares were bought and sold for approximately JP¥599.23 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 lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.43% during the next 3 months and, with a 90% probability hold a price between JP¥1,909.78 and JP¥2,216.43 at the end of this 3-month period.
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7545.T Signals & Forecast
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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The NISHIMATSUYA CHAIN Co.,Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at JP¥2,265.43 and JP¥2,250.14. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 05, 2024, and so far it has fallen -5.27%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for NISHIMATSUYA CHAIN Co.,Ltd. stock
NISHIMATSUYA CHAIN Co.,Ltd. finds support from accumulated volume at JP¥2,200.00 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved JP¥64.00 between high and low, or 2.94%. For the last week the stock has had daily average volatility of 2.69%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (7545.T) For The Upcoming Trading Day Of Wednesday 19th
For the upcoming trading day on Wednesday, 19th we expect NISHIMATSUYA CHAIN Co.,Ltd. to open at JP¥2,210.00, and during the day (based on 14 day Average True Range), to move between JP¥2,152.04 and JP¥2,271.96, which gives a possible trading interval of +/-JP¥59.96 (+/-2.71%) up or down from last closing price. If NISHIMATSUYA CHAIN Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 5.42% 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¥2,222.00 (0.45%) than the support at JP¥2,200.00 (0.54%), 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 NISHIMATSUYA CHAIN Co.,Ltd. stock A Buy?
NISHIMATSUYA CHAIN Co.,Ltd. holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.112 Sell Candidate Unchanged
Predicted Opening Price for NISHIMATSUYA CHAIN Co.,Ltd. of Wednesday, June 19, 2024
| Fair opening price June 19, 2024 | Current price |
|---|---|
| JP¥2,210.00 ( 0.0904%) | JP¥2,212.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7545.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,274.00 | 2.80% |
| R2 | 2,249.55 | 1.70% |
| R1 | 2,234.45 | 1.01% |
| Price | 2,212.00 | |
| S1 | 2,185.55 | -1.20% |
| S2 | 2,170.45 | -1.88% |
| S3 | 2,146.00 | -2.98% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,282.00 | 3.16% |
| R2 | 2,272.00 | 2.71% |
| R1 | 2,222.00 | 0.452% |
| Price | 2,212.00 | |
| S1 | 2,200.00 | -0.542% |
| S2 | 2,176.00 | -1.63% |
| S3 | 2,168.00 | -1.99% |
7545 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 19, 2024 | Aug 19, 2024 | Nov 01, 2024 | JP¥14.00 | 0.633% |
| 2 | Feb 19, 2024 | Feb 19, 2024 | Feb 19, 2024 | JP¥13.00 | 0.608% |
| 3 | Aug 17, 2023 | Aug 17, 2023 | Aug 17, 2023 | JP¥13.00 | 0.770% |
| 4 | Feb 17, 2023 | Feb 17, 2023 | Feb 17, 2023 | JP¥13.00 | 0.83% |
| 5 | Aug 18, 2022 | Aug 18, 2022 | Aug 18, 2022 | JP¥13.00 | 0.790% |
FAQ
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