NAGASE & CO.,LTD. Stock Forecast
NAGASE & CO.,LTD. stock downgraded from Strong Buy Candidate to Buy Candidate after Thursday trading session.
(Updated on Apr 25, 2024)
The NAGASE & CO.,LTD. stock price fell by -1.33% on the last day (Thursday, 25th Apr 2024) from JP¥2,632.00 to JP¥2,597.00. During the last trading day the stock fluctuated 1.31% from a day low at JP¥2,594.00 to a day high of JP¥2,628.00. The price has been going up and down for this period, and there has been a -0.67% loss for the last 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 -83 thousand shares and in total, 252 thousand shares were bought and sold for approximately JP¥653.67 million.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥2,577.45 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 9.81% during the next 3 months and, with a 90% probability hold a price between JP¥2,830.36 and JP¥3,036.04 at the end of this 3-month period.
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8012.T Signals & Forecast
The NAGASE & 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¥2,596.64 and JP¥2,574.64. A breakdown below any of these levels will issue sell signals. 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 Thursday, March 21, 2024, and so far it has fallen -2.50%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for NAGASE & CO.,LTD. stock
NAGASE & CO.,LTD. finds support from accumulated volume at JP¥2,492.00 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¥34.00 between high and low, or 1.31%. For the last week the stock has had daily average volatility of 2.15%.
Our recommended stop-loss: JP¥2,488.19 (-4.19%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 25 days ago.)
Trading Expectations (8012.T) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect NAGASE & CO.,LTD. to open at JP¥2,606.33, and during the day (based on 14 day Average True Range), to move between JP¥2,545.44 and JP¥2,648.56, which gives a possible trading interval of +/-JP¥51.56 (+/-1.99%) up or down from last closing price. If NAGASE & CO.,LTD. takes out the full calculated possible swing range there will be an estimated 3.97% 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¥2,597.50 (0.02%) than the support at JP¥2,492.00 (4.04%), 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 NAGASE & CO.,LTD. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for NAGASE & CO.,LTD. stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 2.823 Buy Candidate Downgraded
Predicted Opening Price for NAGASE & CO.,LTD. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| JP¥2,606.33 ( 0.359%) | JP¥2,597.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8012.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,640.33 | 1.67 % | |
| R2 | 2,627.35 | 1.17 % | ||
| R1 | 2,619.32 | 0.86 % | ||
| Current price: | 2,597.00 | |||
| Support | S1 | 2,593.35 | -0.141 % | |
| S2 | 2,585.32 | -0.450 % | ||
| S3 | 2,572.33 | -0.95 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,663.50 | 2.56 % | |
| R2 | 2,607.00 | 0.385 % | ||
| R1 | 2,597.50 | 0.0193 % | ||
| Current price | 2,597.00 | |||
| Support | S1 | 2,492.00 | -4.04% | |
| S2 | 2,436.50 | -6.18% | ||
| S3 | 2,400.00 | -7.59% |
8012 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¥40.00 | 1.68% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥40.00 | 1.98% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥30.00 | 1.51% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥6.00 | 0.323% |
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