Dai Nippon Printing Co.,Ltd. Stock Forecast

Dai Nippon Printing Co.,Ltd. stock price ended at JP¥5,525.00 on Tuesday, after gaining 1.53%.
(Updated on Jul 02, 2024)

7912.T Signals & Forecast

The Dai Nippon Printing Co.,Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at JP¥5,358.71 and JP¥5,042.51. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 25.17%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. 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). The stock had a Golden Star Signal on Wednesday, May 08, 2024 in the short-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 Dai Nippon Printing Co.,Ltd. stock

Dai Nippon Printing Co.,Ltd. finds support from accumulated volume at JP¥5,321.00 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¥100.00 between high and low, or 1.83%. For the last week, the stock has had daily average volatility of 1.75%.

Since the Dai Nippon Printing Co.,Ltd. has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stop-loss: JP¥5,334.94 (-3.44%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 78 and this increases the risk substantially. There is a buy signal from a pivot bottom found 69 days ago.)

Trading Expectations (7912.T) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect Dai Nippon Printing Co.,Ltd. to open at JP¥5,511.67, and during the day (based on 14 day Average True Range), to move between JP¥5,418.36 and JP¥5,631.64, which gives a possible trading interval of +/-JP¥106.64 (+/-1.93%) 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 3.86% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ JP¥5,321.00, some JP¥204.00 (3.69%) from the current price of JP¥5,525.00, our system finds the risk reward attractive.

Is Dai Nippon Printing Co.,Ltd. stock A Buy?

Dai Nippon Printing Co.,Ltd. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

Current score: 7.069 Strong Buy Candidate Unchanged

Predicted Opening Price for Dai Nippon Printing Co.,Ltd. of Wednesday, July 3, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.