Noritsu Koki Co.,Ltd. Stock Forecast
Red day on Thursday for Noritsu Koki Co.,Ltd.
(Updated on May 02, 2024)
The Noritsu Koki Co.,Ltd. stock price fell by -0.323% on the last day (Thursday, 2nd May 2024) from JP¥3,100.00 to JP¥3,090.00. During the last trading day the stock fluctuated 1.46% from a day low at JP¥3,075.00 to a day high of JP¥3,120.00. The price has risen in 5 of the last 10 days and is up by 6.08% over the past 2 weeks. Volume has increased on the last day by 59 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, 97 thousand shares were bought and sold for approximately JP¥298.19 million.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at JP¥3,157.46 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -4.68% during the next 3 months and, with a 90% probability hold a price between JP¥2,652.95 and JP¥3,009.61 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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7744.T Signals & Forecast
The Noritsu Koki 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¥3,052.14 and JP¥3,078.66. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 6.08%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
A buy signal from a double bottom formation was found on Wednesday, April 17, 2024 and based on theory for this formation the price should go up by 8.40% to JP¥3,349.62 within 42 trading days since signal was issued (Tuesday, May 07, 2024).
Support, Risk & Stop-loss for Noritsu Koki Co.,Ltd. stock
Noritsu Koki Co.,Ltd. finds support from accumulated volume at JP¥3,050.00 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¥45.00 between high and low, or 1.46%. For the last week the stock has had daily average volatility of 1.88%.
Our recommended stop-loss: JP¥2,973.05 (-3.78%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (7744.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Noritsu Koki Co.,Ltd. to open at JP¥3,095.00, and during the day (based on 14 day Average True Range), to move between JP¥3,020.90 and JP¥3,159.10, which gives a possible trading interval of +/-JP¥69.10 (+/-2.24%) up or down from last closing price. If Noritsu Koki Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 4.47% 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¥3,100.00 (0.32%) than the support at JP¥3,050.00 (1.29%), 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.
Earnings coming up
Noritsu Koki Co.,Ltd. will release earnings BMO on Friday, May 10, 2024. We will update the financials statements for Noritsu Koki Co.,Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.51% in the first trading day after earnings release.
Is Noritsu Koki Co.,Ltd. stock A Buy?
Noritsu Koki 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: 0.285 Hold/Accumulate Unchanged
Predicted Opening Price for Noritsu Koki Co.,Ltd. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥3,095.00 ( 0.162%) | JP¥3,090.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7744.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,140.00 | 1.62 % | |
| R2 | 3,122.81 | 1.06 % | ||
| R1 | 3,112.19 | 0.718 % | ||
| Current price: | 3,090.00 | |||
| Support | S1 | 3,077.81 | -0.394 % | |
| S2 | 3,067.19 | -0.738 % | ||
| S3 | 3,050.00 | -1.29 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,210.00 | 3.88 % | |
| R2 | 3,175.00 | 2.75 % | ||
| R1 | 3,100.00 | 0.324 % | ||
| Current price | 3,090.00 | |||
| Support | S1 | 3,050.00 | -1.29% | |
| S2 | 3,040.00 | -1.62% | ||
| S3 | 2,937.00 | -4.95% |
7744 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Jun 27, 2024 | JP¥0 | 0% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | JP¥0 | 0% |
| 3 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥24.00 | 1.04% |
| 4 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥110.00 | 4.65% |
| 5 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥21.00 | 0.92% |
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