NAGANO KEIKI CO.,LTD. Stock Forecast
Weaker technical forecast for NAGANO KEIKI CO.,LTD. as stock downgraded to Sell Candidate.
(Updated on May 02, 2024)
The NAGANO KEIKI CO.,LTD. stock price fell by -1.33% on the last day (Thursday, 2nd May 2024) from JP¥2,400.00 to JP¥2,368.00. During the last trading day the stock fluctuated 2.58% from a day low at JP¥2,324.00 to a day high of JP¥2,384.00. The price has risen in 6 of the last 10 days and is up by 0.3% over the past 2 weeks. Volume has increased on the last day by 15 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, 67 thousand shares were bought and sold for approximately JP¥158.18 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 6.32% during the next 3 months and, with a 90% probability hold a price between JP¥2,438.14 and JP¥2,831.11 at the end of this 3-month period.
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7715.T Signals & Forecast
The NAGANO KEIKI CO.,LTD. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at JP¥2,348.43 and JP¥2,365.54. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 23, 2024, and so far it has risen 4.00%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for NAGANO KEIKI CO.,LTD. stock
NAGANO KEIKI CO.,LTD. finds support from accumulated volume at JP¥2,344.00 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¥60.00 between high and low, or 2.58%. For the last week, the stock has had daily average volatility of 2.82%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (7715.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect NAGANO KEIKI CO.,LTD. to open at JP¥2,358.67, and during the day (based on 14 day Average True Range), to move between JP¥2,285.18 and JP¥2,450.82, which gives a possible trading interval of +/-JP¥82.82 (+/-3.50%) up or down from last closing price. If NAGANO KEIKI CO.,LTD. takes out the full calculated possible swing range there will be an estimated 6.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at JP¥2,344.00 (1.01%) than the resistance at JP¥2,439.00 (3.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
NAGANO KEIKI CO.,LTD. will release earnings BMO on Friday, May 10, 2024. We will update the financials statements for NAGANO KEIKI CO.,LTD., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.77% in the first trading day after earnings release.
Is NAGANO KEIKI CO.,LTD. stock A Buy?
NAGANO KEIKI CO.,LTD. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.426 Sell Candidate Downgraded
Predicted Opening Price for NAGANO KEIKI CO.,LTD. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥2,358.67 ( 0.394%) | JP¥2,368.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7715.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,418.67 | 2.14 % | |
| R2 | 2,395.75 | 1.17 % | ||
| R1 | 2,381.59 | 0.574 % | ||
| Current price: | 2,368.00 | |||
| Support | S1 | 2,335.75 | -1.36 % | |
| S2 | 2,321.59 | -1.96 % | ||
| S3 | 2,298.67 | -2.93 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,558.00 | 8.02 % | |
| R2 | 2,531.00 | 6.88 % | ||
| R1 | 2,439.00 | 3.00 % | ||
| Current price | 2,368.00 | |||
| Support | S1 | 2,344.00 | -1.01% | |
| S2 | 2,325.00 | -1.82% | ||
| S3 | 2,205.00 | -6.88% |
7715 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥18.00 | 0.660% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥20.00 | 1.52% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥16.00 | 1.55% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥6.00 | 0.458% |
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