NISSHIN FUDOSAN Company,Limited Stock Forecast
NISSHIN FUDOSAN Company,Limited stock upgraded to Buy Candidate.
(Updated on Jun 28, 2024)
No changes to the price of NISSHIN FUDOSAN Company,Limited stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 1.43% from a day low at JP¥560.00 to a day high of JP¥568.00. The price has risen in 6 of the last 10 days and is up by 7.46% over the past 2 weeks.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at JP¥562.17 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect NISSHIN FUDOSAN Company,Limited stock with a 90% probability to be traded between JP¥520.78 and JP¥573.14 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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8881.T Signals & Forecast
The NISSHIN FUDOSAN Company,Limited 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¥550.14 and JP¥530.34. A breakdown below any of these levels will issue sell signals. 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 Thursday, June 27, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for NISSHIN FUDOSAN Company,Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥530.00 and JP¥520.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, NISSHIN FUDOSAN Company,Limited finds support just below today's level at JP¥530.00. If this is broken, then the next support from accumulated volume will be at JP¥520.00 and JP¥518.00.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved JP¥8.00 between high and low, or 1.43%. For the last week, the stock has had daily average volatility of 1.53%.
Our recommended stop-loss: JP¥541.99 (-3.56%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 22 days ago.)
Trading Expectations (8881.T) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect NISSHIN FUDOSAN Company,Limited to open at JP¥563.33, and during the day (based on 14 day Average True Range), to move between JP¥553.36 and JP¥570.64, which gives a possible trading interval of +/-JP¥8.64 (+/-1.54%) up or down from last closing price. If NISSHIN FUDOSAN Company,Limited takes out the full calculated possible swing range there will be an estimated 3.08% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥530.00, some JP¥32.00 (5.69%) from the current price of JP¥562.00, our system finds the risk reward attractive.
Is NISSHIN FUDOSAN Company,Limited 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 NISSHIN FUDOSAN Company,Limited stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.252 Buy Candidate Upgraded
Predicted Opening Price for NISSHIN FUDOSAN Company,Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| JP¥563.33 ( 0.237%) | JP¥562.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8881.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 571.33 | 1.66% |
| R2 | 568.28 | 1.12% |
| R1 | 566.39 | 0.781% |
| Price | 562.00 | |
| S1 | 560.28 | -0.307% |
| S2 | 558.39 | -0.642% |
| S3 | 555.33 | -1.19% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 562.00 | |
| S1 | 530.00 | -5.69% |
| S2 | 520.00 | -7.47% |
| S3 | 518.00 | -7.83% |
8881 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 | Jun 27, 2024 | JP¥23.00 | 4.09% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥22.00 | 4.95% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥22.00 | 4.80% |
| 5 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥18.00 | 3.64% |
FAQ
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