Nihon Unisys,Ltd. Stock Forecast
Evaluation of Nihon Unisys,Ltd. stock downgraded after the last trading session.
(Updated on May 17, 2024)
The Nihon Unisys,Ltd. stock price fell by -1.40% on the last day (Friday, 17th May 2024) from JP¥4,075.00 to JP¥4,018.00. During the last trading day the stock fluctuated 2.04% from a day low at JP¥4,018.00 to a day high of JP¥4,100.00. The price has risen in 6 of the last 10 days and is up by 3.08% 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 -496 thousand shares and in total, 363 thousand shares were bought and sold for approximately JP¥1.46 billion.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -12.51% during the next 3 months and, with a 90% probability hold a price between JP¥3,191.77 and JP¥3,933.21 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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8056.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 7.26%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Nihon Unisys,Ltd. 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¥4,354.60. On a fall, the stock will find some support from the short-term average at JP¥3,947.57. 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. 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 Nihon Unisys,Ltd. stock
Nihon Unisys,Ltd. finds support from accumulated volume at JP¥3,846.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved JP¥82.00 between high and low, or 2.04%. For the last week, the stock has had daily average volatility of 2.70%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (8056.T) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Nihon Unisys,Ltd. to open at JP¥4,045.33, and during the day (based on 14 day Average True Range), to move between JP¥3,892.74 and JP¥4,143.26, which gives a possible trading interval of +/-JP¥125.26 (+/-3.12%) up or down from last closing price. If Nihon Unisys,Ltd. takes out the full calculated possible swing range there will be an estimated 6.23% 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¥4,075.00 (1.42%) than the support at JP¥3,846.00 (4.28%), 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 Nihon Unisys,Ltd. stock A Buy?
Nihon Unisys,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 Hold/Accumulate to a Sell candidate.
Current score: -1.330 Sell Candidate Downgraded
Predicted Opening Price for Nihon Unisys,Ltd. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| JP¥4,045.33 ( 0.680%) | JP¥4,018.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8056.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,127.33 | 2.72 % | |
| R2 | 4,096.01 | 1.94 % | ||
| R1 | 4,076.66 | 1.46 % | ||
| Current price: | 4,018.00 | |||
| Support | S1 | 4,014.01 | -0.0993 % | |
| S2 | 3,994.66 | -0.581 % | ||
| S3 | 3,963.33 | -1.36 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,657.00 | 15.90 % | |
| R2 | 4,586.00 | 14.14 % | ||
| R1 | 4,075.00 | 1.42 % | ||
| Current price | 4,018.00 | |||
| Support | S1 | 3,846.00 | -4.28% | |
| S2 | 3,811.00 | -5.15% | ||
| S3 | 3,746.00 | -6.77% |
8056 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¥45.00 | 1.19% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥40.00 | 1.23% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥40.00 | 1.27% |
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