Dai Nippon Printing Co.,Ltd. Stock Forecast
Weaker technical forecast for Dai Nippon Printing Co.,Ltd. as stock downgraded to Sell Candidate.
(Updated on May 02, 2024)
The Dai Nippon Printing Co.,Ltd. stock price fell by -0.679% on the last day (Thursday, 2nd May 2024) from JP¥4,565.00 to JP¥4,534.00. During the last trading day the stock fluctuated 1.18% from a day low at JP¥4,507.00 to a day high of JP¥4,560.00. The price has risen in 6 of the last 10 days and is up by 1.41% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -36 thousand shares and in total, 438 thousand shares were bought and sold for approximately JP¥1.99 billion.
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 4.30% during the next 3 months and, with a 90% probability hold a price between JP¥4,579.27 and JP¥5,053.98 at the end of this 3-month period.
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7912.T Signals & Forecast
There are mixed signals in the stock today. The Dai Nippon Printing Co.,Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at JP¥4,537.00 and JP¥4,559.49. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 2.72%. 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).
Support, Risk & Stop-loss for Dai Nippon Printing Co.,Ltd. stock
Dai Nippon Printing Co.,Ltd. finds support from accumulated volume at JP¥4,481.00 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¥53.00 between high and low, or 1.18%. For the last week the stock has had daily average volatility of 1.47%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (7912.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Dai Nippon Printing Co.,Ltd. to open at JP¥4,533.67, and during the day (based on 14 day Average True Range), to move between JP¥4,445.90 and JP¥4,622.10, which gives a possible trading interval of +/-JP¥88.10 (+/-1.94%) up or down from last closing price. If Dai Nippon Printing Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 3.89% 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¥4,550.00 (0.35%) than the support at JP¥4,481.00 (1.17%), 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
Dai Nippon Printing Co.,Ltd. will release earnings BMO on Monday, May 13, 2024. We will update the financials statements for Dai Nippon Printing Co.,Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.00% in the first trading day after earnings release.
Is Dai Nippon Printing Co.,Ltd. stock A Buy?
Dai Nippon Printing 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 Buy to a Sell candidate.
Current score: -1.120 Sell Candidate Downgraded
Predicted Opening Price for Dai Nippon Printing Co.,Ltd. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥4,533.67 ( 0.0074%) | JP¥4,534.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7912.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,586.67 | 1.16 % | |
| R2 | 4,566.42 | 0.715 % | ||
| R1 | 4,553.91 | 0.439 % | ||
| Current price: | 4,534.00 | |||
| Support | S1 | 4,513.42 | -0.454 % | |
| S2 | 4,500.91 | -0.730 % | ||
| S3 | 4,480.67 | -1.18 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,601.00 | 1.48 % | |
| R2 | 4,555.00 | 0.463 % | ||
| R1 | 4,550.00 | 0.353 % | ||
| Current price | 4,534.00 | |||
| Support | S1 | 4,481.00 | -1.17% | |
| S2 | 4,480.00 | -1.19% | ||
| S3 | 4,395.00 | -3.07% |
7912 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¥32.00 | 0.81% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥32.00 | 0.87% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥32.00 | 1.10% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥32.00 | 1.08% |
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