NICHIHA CORPORATION Stock Forecast
NICHIHA CORPORATION stock price ended at JP¥3,555.00 on Friday, after gaining 0.708%.
(Updated on May 31, 2024)
The NICHIHA CORPORATION stock price gained 0.708% on the last trading day (Friday, 31st May 2024), rising from JP¥3,530.00 to JP¥3,555.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.72% from a day low at JP¥3,495.00 to a day high of JP¥3,555.00. The price has fallen in 6 of the last 10 days but is still up by 1.86% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 110 thousand more shares were traded than the day before. In total, 194 thousand shares were bought and sold for approximately JP¥690.03 million.
The stock lies in the middle of a 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 4.71% during the next 3 months and, with a 90% probability hold a price between JP¥3,610.99 and JP¥3,916.21 at the end of this 3-month period.
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7943.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, May 28, 2024, and so far it has risen 3.34%. 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). 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. The NICHIHA CORPORATION stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥3,566.14. On a fall, the stock will find some support from the short-term average at JP¥3,495.71. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for NICHIHA CORPORATION stock
NICHIHA CORPORATION finds support from accumulated volume at JP¥3,490.00 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¥60.00 (1.72%) between high and low. For the last week, the stock has had daily average volatility of 1.94%.
Our recommended stop-loss: JP¥3,361.87 (-5.43%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (7943.T) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect NICHIHA CORPORATION to open at JP¥3,535.00, and during the day (based on 14 day Average True Range), to move between JP¥3,473.97 and JP¥3,636.03, which gives a possible trading interval of +/-JP¥81.03 (+/-2.28%) up or down from last closing price. If NICHIHA CORPORATION takes out the full calculated possible swing range there will be an estimated 4.56% 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¥3,620.00 (1.83%) than the support at JP¥3,490.00 (1.83%), 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.
Is NICHIHA CORPORATION stock A Buy?
NICHIHA CORPORATION 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: -0.149 Hold/Accumulate Unchanged
Predicted Opening Price for NICHIHA CORPORATION of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| JP¥3,535.00 ( 0.563%) | JP¥3,555.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7943.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,595.00 | 1.13 % | |
| R2 | 3,572.08 | 0.480 % | ||
| R1 | 3,557.92 | 0.0821 % | ||
| Current price: | 3,555.00 | |||
| Support | S1 | 3,512.08 | -1.21 % | |
| S2 | 3,497.92 | -1.61 % | ||
| S3 | 3,475.00 | -2.25 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,635.00 | 2.25 % | |
| R2 | 3,630.00 | 2.11 % | ||
| R1 | 3,620.00 | 1.83 % | ||
| Current price | 3,555.00 | |||
| Support | S1 | 3,490.00 | -1.83% | |
| S2 | 3,475.00 | -2.25% | ||
| S3 | 3,470.00 | -2.39% |
7943 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥57.00 | 1.93% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥48.50 | 1.82% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥48.50 | 1.76% |
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