NISSIN CORPORATION Stock Forecast
Red day on Thursday for NISSIN CORPORATION
(Updated on May 02, 2024)
The NISSIN CORPORATION stock price fell by -0.649% on the last day (Thursday, 2nd May 2024) from JP¥3,080.00 to JP¥3,060.00. During the last trading day the stock fluctuated 1.14% from a day low at JP¥3,060.00 to a day high of JP¥3,095.00. The price has been going up and down for this period, and there has been a 2.41% gain for the last 2 weeks. Volume has increased on the last day by 3 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, 10 thousand shares were bought and sold for approximately JP¥30.29 million.
The stock lies in the middle of a wide and strong 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 11.22% during the next 3 months and, with a 90% probability hold a price between JP¥3,229.98 and JP¥3,576.98 at the end of this 3-month period.
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9066.T Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, April 15, 2024, and so far it has fallen -2.86%. Further fall is indicated until a new bottom pivot has been found. 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. The NISSIN CORPORATION 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¥3,038.43 and JP¥2,949.91. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for NISSIN CORPORATION stock
NISSIN CORPORATION finds support from accumulated volume at JP¥2,911.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥35.00 (1.14%) between high and low. For the last week, the stock has had daily average volatility of 1.59%.
Our recommended stop-loss: JP¥2,952.99 (-3.50%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (9066.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect NISSIN CORPORATION to open at JP¥3,071.67, and during the day (based on 14 day Average True Range), to move between JP¥2,997.44 and JP¥3,122.56, which gives a possible trading interval of +/-JP¥62.56 (+/-2.04%) up or down from last closing price. If NISSIN CORPORATION takes out the full calculated possible swing range there will be an estimated 4.09% 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¥3,075.00 (0.49%) than the support at JP¥2,911.00 (4.87%), 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
NISSIN CORPORATION will release earnings BMO on Thursday, May 09, 2024. We will update the financials statements for NISSIN CORPORATION, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.07% in the first trading day after earnings release.
Is NISSIN CORPORATION 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 NISSIN CORPORATION stock to perform well in the short-term.
Current score: 2.663 Buy Candidate Unchanged
Predicted Opening Price for NISSIN CORPORATION of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥3,071.67 ( 0.381%) | JP¥3,060.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9066.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,106.67 | 1.53 % | |
| R2 | 3,093.30 | 1.09 % | ||
| R1 | 3,085.04 | 0.82 % | ||
| Current price: | 3,060.00 | |||
| Support | S1 | 3,058.30 | -0.0557 % | |
| S2 | 3,050.04 | -0.326 % | ||
| S3 | 3,036.67 | -0.763 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,130.00 | 2.29 % | |
| R2 | 3,090.00 | 0.98 % | ||
| R1 | 3,075.00 | 0.490 % | ||
| Current price | 3,060.00 | |||
| Support | S1 | 2,911.00 | -4.87% | |
| S2 | 2,871.00 | -6.18% | ||
| S3 | 2,845.00 | -7.03% |
9066 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¥50.00 | 1.85% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥50.00 | 2.40% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥40.00 | 2.29% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥32.00 | 1.95% |
FAQ
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