NARASAKI SANGYO CO.,LTD. Stock Forecast
Red day on Friday for NARASAKI SANGYO CO.,LTD. stock after losing 1.43%
(Updated on May 17, 2024)
The NARASAKI SANGYO CO.,LTD. stock price fell by -1.43% on the last day (Friday, 17th May 2024) from JP¥3,155.00 to JP¥3,110.00. During the last trading day the stock fluctuated 1.61% from a day low at JP¥3,110.00 to a day high of JP¥3,160.00. The price has fallen in 5 of the last 10 days and is down by -0.16% for this period. 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 -800 shares and in total, 800 shares were bought and sold for approximately JP¥2.49 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect NARASAKI SANGYO CO.,LTD. stock with a 90% probability to be traded between JP¥3,081.77 and JP¥3,326.57 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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8085.T Signals & Forecast
The NARASAKI SANGYO CO.,LTD. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥3,151.43. On a fall, the stock will find some support from the long-term average at approximately JP¥3,070.57. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 13, 2024, and so far it has fallen -2.66%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
A sell signal from a double top formation was found on Monday, May 13, 2024 with a target of JP¥3,118.33. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for NARASAKI SANGYO CO.,LTD. stock
NARASAKI SANGYO CO.,LTD. finds support from accumulated volume at JP¥3,095.00 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¥50.00 (1.61%) between high and low. For the last week, the stock has had daily average volatility of 2.04%.
Our recommended stop-loss: JP¥2,959.12 (-4.85%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (8085.T) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect NARASAKI SANGYO CO.,LTD. to open at JP¥3,126.67, and during the day (based on 14 day Average True Range), to move between JP¥3,033.18 and JP¥3,186.82, which gives a possible trading interval of +/-JP¥76.82 (+/-2.47%) up or down from last closing price. If NARASAKI SANGYO CO.,LTD. takes out the full calculated possible swing range there will be an estimated 4.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at JP¥3,095.00 (0.48%) than the resistance at JP¥3,150.00 (1.29%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is NARASAKI SANGYO CO.,LTD. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for NARASAKI SANGYO CO.,LTD. stock to perform well in the short-term period.
Current score: 3.072 Buy Candidate Unchanged
Predicted Opening Price for NARASAKI SANGYO CO.,LTD. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| JP¥3,126.67 ( 0.536%) | JP¥3,110.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8085.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,176.67 | 2.14 % | |
| R2 | 3,157.57 | 1.53 % | ||
| R1 | 3,145.77 | 1.15 % | ||
| Current price: | 3,110.00 | |||
| Support | S1 | 3,107.57 | -0.0782 % | |
| S2 | 3,095.77 | -0.458 % | ||
| S3 | 3,076.67 | -1.07 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,210.00 | 3.22 % | |
| R2 | 3,195.00 | 2.73 % | ||
| R1 | 3,150.00 | 1.29 % | ||
| Current price | 3,110.00 | |||
| Support | S1 | 3,095.00 | -0.482% | |
| S2 | 3,055.00 | -1.77% | ||
| S3 | 3,025.00 | -2.73% |
8085 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2025 | Mar 28, 2025 | Mar 28, 2025 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥75.00 | 4.19% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥5.00 | 0.254% |
| 5 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥60.00 | 2.93% |
FAQ
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