NIKKON Holdings Co.,Ltd. Stock Forecast
Green day on Friday for NIKKON Holdings Co.,Ltd.
(Updated on May 10, 2024)
The NIKKON Holdings Co.,Ltd. stock price gained 2.45% on the last trading day (Friday, 10th May 2024), rising from JP¥3,055.00 to JP¥3,130.00. During the last trading day the stock fluctuated 4.20% from a day low at JP¥3,071.00 to a day high of JP¥3,200.00. The price has been going up and down for this period, and there has been a 3.95% 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, 117 thousand more shares were traded than the day before. In total, 219 thousand shares were bought and sold for approximately JP¥685.16 million.
Given the current short-term trend, the stock is expected to fall -4.43% during the next 3 months and, with a 90% probability hold a price between JP¥2,651.38 and JP¥2,991.21 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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9072.T Signals & Forecast
Mostly positive signals in the chart today. The NIKKON Holdings Co.,Ltd. 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¥3,043.64 and JP¥2,989.49. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 02, 2024, and so far it has risen 10.33%. 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.
Support, Risk & Stop-loss for NIKKON Holdings Co.,Ltd. stock
NIKKON Holdings Co.,Ltd. finds support from accumulated volume at JP¥3,065.00 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¥129.00 between high and low, or 4.20%. For the last week the stock has had daily average volatility of 1.97%.
Our recommended stop-loss: JP¥2,987.05 (-4.57%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (9072.T) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect NIKKON Holdings Co.,Ltd. to open at JP¥3,133.67, and during the day (based on 14 day Average True Range), to move between JP¥3,067.65 and JP¥3,192.35, which gives a possible trading interval of +/-JP¥62.35 (+/-1.99%) up or down from last closing price. If NIKKON Holdings Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 3.98% 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¥3,142.00 (0.38%) than the support at JP¥3,065.00 (2.08%), 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 NIKKON Holdings Co.,Ltd. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 2.516 Buy Candidate Unchanged
Predicted Opening Price for NIKKON Holdings Co.,Ltd. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| JP¥3,133.67 ( 0.117%) | JP¥3,130.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9072.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,262.67 | 4.24 % | |
| R2 | 3,213.39 | 2.66 % | ||
| R1 | 3,182.94 | 1.69 % | ||
| Current price: | 3,130.00 | |||
| Support | S1 | 3,084.39 | -1.46 % | |
| S2 | 3,053.94 | -2.43 % | ||
| S3 | 3,004.67 | -4.00 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,189.00 | 1.88 % | |
| R2 | 3,167.00 | 1.18 % | ||
| R1 | 3,142.00 | 0.383 % | ||
| Current price | 3,130.00 | |||
| Support | S1 | 3,065.00 | -2.08% | |
| S2 | 2,893.00 | -7.57% | ||
| S3 | 2,837.00 | -9.36% |
9072 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 | 1.57% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥51.00 | 2.08% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥48.00 | 2.09% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥35.00 | 1.66% |
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