Nippon Yusen Kabushiki Kaisha Stock Forecast
Green day on Thursday for Nippon Yusen Kabushiki Kaisha
(Updated on May 16, 2024)
The Nippon Yusen Kabushiki Kaisha stock price gained 0.229% on the last trading day (Thursday, 16th May 2024), rising from JP¥4,811.00 to JP¥4,822.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.69% from a day low at JP¥4,715.00 to a day high of JP¥4,842.00. The price has risen in 6 of the last 10 days and is up by 7.97% 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, 355 thousand more shares were traded than the day before. In total, 6 million shares were bought and sold for approximately JP¥28.42 billion.
Given the current short-term trend, the stock is expected to fall -6.54% during the next 3 months and, with a 90% probability hold a price between JP¥3,544.40 and JP¥4,506.74 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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9101.T Signals & Forecast
Mostly positive signals in the chart today. The Nippon Yusen Kabushiki Kaisha 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¥4,655.86 and JP¥4,245.54. 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 21.74%. 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 Nippon Yusen Kabushiki Kaisha stock
Nippon Yusen Kabushiki Kaisha finds support from accumulated volume at JP¥4,772.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved JP¥127.00 between high and low, or 2.69%. For the last week, the stock has had daily average volatility of 2.63%.
The Nippon Yusen Kabushiki Kaisha stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: JP¥4,654.19 (-3.48%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from a pivot bottom found 29 days ago.)
Trading Expectations (9101.T) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Nippon Yusen Kabushiki Kaisha to open at JP¥4,793.00, and during the day (based on 14 day Average True Range), to move between JP¥4,687.65 and JP¥4,956.35, which gives a possible trading interval of +/-JP¥134.35 (+/-2.79%) up or down from last closing price. If Nippon Yusen Kabushiki Kaisha takes out the full calculated possible swing range there will be an estimated 5.57% 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¥4,824.00 (0.04%) than the support at JP¥4,772.00 (1.04%), 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 Yusen Kabushiki Kaisha 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: 3.910 Buy Candidate Unchanged
Predicted Opening Price for Nippon Yusen Kabushiki Kaisha of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| JP¥4,793.00 ( 0.601%) | JP¥4,822.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9101.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,920.00 | 2.03 % | |
| R2 | 4,871.49 | 1.03 % | ||
| R1 | 4,841.51 | 0.405 % | ||
| Current price: | 4,822.00 | |||
| Support | S1 | 4,744.49 | -1.61 % | |
| S2 | 4,714.51 | -2.23 % | ||
| S3 | 4,666.00 | -3.24 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,845.00 | 0.477 % | |
| R2 | 4,840.00 | 0.373 % | ||
| R1 | 4,824.00 | 0.0415 % | ||
| Current price | 4,822.00 | |||
| Support | S1 | 4,772.00 | -1.04% | |
| S2 | 4,480.00 | -7.09% | ||
| S3 | 4,429.00 | -8.15% |
9101 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥60.00 | 1.49% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥170.00 | 5.28% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥350.00 | 14.00% |
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