Nishi-Nippon Railroad Co.,Ltd. Stock Forecast
Green day on Tuesday for Nishi-Nippon Railroad Co.,Ltd. stock after gaining 0.103%
(Updated on May 07, 2024)
The Nishi-Nippon Railroad Co.,Ltd. stock price gained 0.103% on the last trading day (Tuesday, 7th May 2024), rising from JP¥2,433.50 to JP¥2,436.00. During the last trading day the stock fluctuated 0.700% from a day low at JP¥2,428.00 to a day high of JP¥2,445.00. The price has fallen in 6 of the last 10 days but is still up by 0.79% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 15 thousand more shares were traded than the day before. In total, 90 thousand shares were bought and sold for approximately JP¥218.27 million.
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 2.28% during the next 3 months and, with a 90% probability hold a price between JP¥2,452.93 and JP¥2,632.37 at the end of this 3-month period.
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9031.T Signals & Forecast
There are mixed signals in the stock today. The Nishi-Nippon Railroad Co.,Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at JP¥2,451.71 and JP¥2,471.14. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 0.103%. 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 Thursday, March 14, 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 Thursday, March 14, 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 Nishi-Nippon Railroad Co.,Ltd. stock
Nishi-Nippon Railroad Co.,Ltd. finds support from accumulated volume at JP¥2,408.00 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¥17.00 between high and low, or 0.700%. For the last week the stock has had daily average volatility of 1.17%.
Our recommended stop-loss: JP¥2,287.38 (-6.10%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (9031.T) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Nishi-Nippon Railroad Co.,Ltd. to open at JP¥2,436.33, and during the day (based on 14 day Average True Range), to move between JP¥2,398.65 and JP¥2,473.35, which gives a possible trading interval of +/-JP¥37.35 (+/-1.53%) up or down from last closing price. If Nishi-Nippon Railroad Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 3.07% 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¥2,462.00 (1.07%) than the support at JP¥2,408.00 (1.15%), 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.
Earnings coming up
Nishi-Nippon Railroad Co.,Ltd. will release earnings BMO on Friday, May 10, 2024. We will update the financials statements for Nishi-Nippon Railroad Co.,Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.68% in the first trading day after earnings release.
Is Nishi-Nippon Railroad Co.,Ltd. stock A Buy?
Nishi-Nippon Railroad Co.,Ltd. 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: 0.510 Hold/Accumulate Unchanged
Predicted Opening Price for Nishi-Nippon Railroad Co.,Ltd. of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| JP¥2,436.33 ( 0.0137%) | JP¥2,436.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9031.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,453.33 | 0.712 % | |
| R2 | 2,446.84 | 0.445 % | ||
| R1 | 2,442.83 | 0.280 % | ||
| Current price: | 2,436.00 | |||
| Support | S1 | 2,429.84 | -0.253 % | |
| S2 | 2,425.83 | -0.418 % | ||
| S3 | 2,419.33 | -0.684 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,545.50 | 4.50 % | |
| R2 | 2,510.50 | 3.06 % | ||
| R1 | 2,462.00 | 1.07 % | ||
| Current price | 2,436.00 | |||
| Support | S1 | 2,408.00 | -1.15% | |
| S2 | 2,375.50 | -2.48% | ||
| S3 | 2,364.50 | -2.94% |
9031 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥17.50 | 0.704% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥20.00 | 0.83% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥15.00 | 0.514% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥17.50 | 0.645% |
FAQ
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