Nippon Building Fund Inc. Stock Forecast
Green day on Thursday for Nippon Building Fund Inc.
(Updated on May 02, 2024)
The Nippon Building Fund Inc. stock price gained 2.16% on the last trading day (Thursday, 2nd May 2024), rising from JP¥601,000.00 to JP¥614,000.00. During the last trading day the stock fluctuated 1.99% from a day low at JP¥602,000.00 to a day high of JP¥614,000.00. The price has been going up and down for this period, and there has been a 1.99% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 thousand more shares were traded than the day before. In total, 6 thousand shares were bought and sold for approximately JP¥3.98 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 4.32% during the next 3 months and, with a 90% probability hold a price between JP¥611,048.64 and JP¥655,479.20 at the end of this 3-month period.
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8951.T Signals & Forecast
Mostly positive signals in the chart today. The Nippon Building Fund Inc. 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¥602,571.43 and JP¥599,114.29. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 4.78%. 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 is rising along with the price. This is considered to be a good technical signal. The stock had a Golden Star Signal on Wednesday, April 24, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Wednesday, April 24, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Nippon Building Fund Inc. stock
Nippon Building Fund Inc. finds support from accumulated volume at JP¥600,000.00 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¥12,000.00 between high and low, or 1.99%. For the last week the stock has had daily average volatility of 1.65%.
Our recommended stop-loss: JP¥582,590.86 (-5.12%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (8951.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Nippon Building Fund Inc. to open at JP¥610,000.00, and during the day (based on 14 day Average True Range), to move between JP¥603,620.57 and JP¥624,379.43, which gives a possible trading interval of +/-JP¥10,379.43 (+/-1.69%) 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 3.38% 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¥616,000.00 (0.33%) than the support at JP¥600,000.00 (2.28%), 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 Nippon Building Fund Inc. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Nippon Building Fund Inc. stock to perform well in the short-term.
Current score: 3.601 Buy Candidate Unchanged
Predicted Opening Price for Nippon Building Fund Inc. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥610,000.00 ( 0.651%) | JP¥614,000.00 |
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 | 622,000.00 | 1.30 % | |
| R2 | 617,416.00 | 0.556 % | ||
| R1 | 614,584.00 | 0.0951 % | ||
| Current price: | 614,000.00 | |||
| Support | S1 | 605,416.00 | -1.40 % | |
| S2 | 602,584.00 | -1.86 % | ||
| S3 | 598,000.00 | -2.61 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 616,000.00 | 0.326 % | ||
| Current price | 614,000.00 | |||
| Support | S1 | 600,000.00 | -2.28% | |
| S2 | 598,000.00 | -2.61% | ||
| S3 | 578,000.00 | -5.86% |
8951 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Sep 01, 2024 | JP¥12,500.00 | 2.04% |
| 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% |
FAQ
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