Nippon Building Fund Inc. Stock Forecast
Nippon Building Fund Inc. stock downgraded from Buy Candidate to Sell Candidate after Thursday trading session.
(Updated on Apr 25, 2024)
The Nippon Building Fund Inc. stock price fell by -1.33% on the last day (Thursday, 25th Apr 2024) from JP¥601,000.00 to JP¥593,000.00. During the last trading day the stock fluctuated 1.86% from a day low at JP¥592,000.00 to a day high of JP¥603,000.00. The price has fallen in 6 of the last 10 days and is down by -1.82% for this period. Volume has increased on the last day by 1 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 4 thousand shares were bought and sold for approximately JP¥2.39 billion.
The stock lies in the middle of a 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 2.87% during the next 3 months and, with a 90% probability hold a price between JP¥595,266.97 and JP¥640,687.11 at the end of this 3-month period.
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8951.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 1.19%. 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 Nippon Building Fund Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at JP¥599,285.71 and JP¥595,600.00. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Nippon Building Fund Inc. stock
Nippon Building Fund Inc. finds support from accumulated volume at JP¥588,000.00 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¥11,000.00 between high and low, or 1.86%. For the last week the stock has had daily average volatility of 1.61%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (8951.T) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Nippon Building Fund Inc. to open at JP¥596,000.00, and during the day (based on 14 day Average True Range), to move between JP¥582,433.54 and JP¥603,566.46, which gives a possible trading interval of +/-JP¥10,566.46 (+/-1.78%) up or down from last closing price. If Nippon Building Fund Inc. takes out the full calculated possible swing range there will be an estimated 3.56% 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¥596,000.00 (0.51%) than the support at JP¥588,000.00 (0.84%), 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 Nippon Building Fund Inc. stock A Buy?
The Nippon Building Fund Inc. stock holds several negative signals and despite the positive trend, we believe Nippon Building Fund Inc. will perform weakly in the next couple of days or weeks. Therefore, we 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 Buy to a Sell candidate.
Current score: -1.131 Sell Candidate Downgraded
Predicted Opening Price for Nippon Building Fund Inc. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| JP¥596,000.00 ( 0.506%) | JP¥593,000.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8951.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 607,000.00 | 2.36 % | |
| R2 | 602,798.00 | 1.65 % | ||
| R1 | 600,202.00 | 1.21 % | ||
| Current price: | 593,000.00 | |||
| Support | S1 | 591,798.00 | -0.203 % | |
| S2 | 589,202.00 | -0.640 % | ||
| S3 | 585,000.00 | -1.35 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 600,000.00 | 1.18 % | |
| R2 | 598,000.00 | 0.84 % | ||
| R1 | 596,000.00 | 0.506 % | ||
| Current price | 593,000.00 | |||
| Support | S1 | 588,000.00 | -0.84% | |
| S2 | 586,000.00 | -1.18% | ||
| S3 | 578,000.00 | -2.53% |
8951 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Sep 01, 2024 | JP¥12,500.00 | 2.11% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | JP¥0 | 0% |
| 3 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥11,500.00 | 1.99% |
| 4 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥11,500.00 | 1.94% |
| 5 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥13,476.00 | 1.98% |
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