Nomura Holdings, Inc. Stock Forecast
Green day on Friday for Nomura Holdings, Inc. stock after gaining 0.153%
(Updated on May 17, 2024)
The Nomura Holdings, Inc. stock price gained 0.153% on the last trading day (Friday, 17th May 2024), rising from JP¥915.90 to JP¥917.30. 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 2.24% from a day low at JP¥900.00 to a day high of JP¥920.20. The price has risen in 7 of the last 10 days and is up by 5.57% over the past 2 weeks. Volume fell on the last day by -6 million shares and in total, 15 million shares were bought and sold for approximately JP¥13.53 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and 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 2.80% during the next 3 months and, with a 90% probability hold a price between JP¥898.01 and JP¥1,034.86 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
8604.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 5.57%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Nomura Holdings, Inc. 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¥918.22. On a fall, the stock will find some support from the short-term average at JP¥894.47. 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 Nomura Holdings, Inc. stock
Nomura Holdings, Inc. finds support from accumulated volume at JP¥906.70 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¥20.20 between high and low, or 2.24%. For the last week the stock has had daily average volatility of 2.24%.
Our recommended stop-loss: JP¥876.88 (-4.41%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (8604.T) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Nomura Holdings, Inc. to open at JP¥912.50, and during the day (based on 14 day Average True Range), to move between JP¥891.85 and JP¥942.75, which gives a possible trading interval of +/-JP¥25.45 (+/-2.77%) up or down from last closing price. If Nomura Holdings, Inc. takes out the full calculated possible swing range there will be an estimated 5.55% 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¥918.90 (0.17%) than the support at JP¥906.70 (1.16%), 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 Nomura Holdings, Inc. stock A Buy?
Nomura Holdings, Inc. 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: -0.316 Hold/Accumulate Unchanged
Predicted Opening Price for Nomura Holdings, Inc. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| JP¥912.50 ( 0.523%) | JP¥917.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8604.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 932.70 | 1.68 % | |
| R2 | 924.98 | 0.84 % | ||
| R1 | 920.22 | 0.318 % | ||
| Current price: | 917.30 | |||
| Support | S1 | 904.78 | -1.36 % | |
| S2 | 900.02 | -1.88 % | ||
| S3 | 892.30 | -2.73 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 980.60 | 6.90 % | |
| R2 | 927.80 | 1.14 % | ||
| R1 | 918.90 | 0.174 % | ||
| Current price | 917.30 | |||
| Support | S1 | 906.70 | -1.16% | |
| S2 | 876.40 | -4.46% | ||
| S3 | 855.50 | -6.74% |
8604 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Jun 01, 2024 | JP¥9.00 | 0.98% |
| 2 | Sep 28, 2023 | Sep 28, 2023 | Dec 01, 2023 | JP¥8.00 | 1.32% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥12.00 | 2.39% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥5.00 | 1.04% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥14.00 | 2.63% |
FAQ
Click here for our free guide on how to buy Nomura Holdings, Inc. Stock.
