Nippi,Incorporated Stock Forecast

Red day on Tuesday for Nippi,Incorporated
(Updated on May 21, 2024)

7932.T Signals & Forecast

The Nippi,Incorporated 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¥5,601.43 and JP¥5,519.71. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.

Support, Risk & Stop-loss for Nippi,Incorporated stock

Nippi,Incorporated finds support from accumulated volume at JP¥5,770.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥80.00 (1.40%) between high and low. For the last week, the stock has had daily average volatility of 2.45%.

The Nippi,Incorporated stock is extremely overbought on RSI14 (77). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: JP¥5,599.32 (-3.46%) (This stock has low daily movements and this gives low risk. The RSI14 is 77 and this increases the risk substantially. There is a sell signal from a pivot top found 18 days ago.)

Trading Expectations (7932.T) For The Upcoming Trading Day Of Wednesday 22nd

For the upcoming trading day on Wednesday, 22nd we expect Nippi,Incorporated to open at JP¥5,773.33, and during the day (based on 14 day Average True Range), to move between JP¥5,688.26 and JP¥5,911.74, which gives a possible trading interval of +/-JP¥111.74 (+/-1.93%) up or down from last closing price. If Nippi,Incorporated takes out the full calculated possible swing range there will be an estimated 3.85% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ JP¥5,770.00, some JP¥30.00 (0.52%) from the current price of JP¥5,800.00, our system finds the risk reward attractive.

Is Nippi,Incorporated stock A Buy?

Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.

Current score: 1.004 Buy Candidate Unchanged

Predicted Opening Price for Nippi,Incorporated of Wednesday, May 22, 2024

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