Nippon BS Broadcasting Corporation Stock Forecast
Red day on Friday for Nippon BS Broadcasting Corporation
(Updated on May 10, 2024)
The Nippon BS Broadcasting Corporation stock price fell by -0.331% on the last day (Friday, 10th May 2024) from JP¥905.00 to JP¥902.00. During the last trading day the stock fluctuated 0.555% from a day low at JP¥901.00 to a day high of JP¥906.00. The price has fallen in 6 of the last 10 days and is down by -0.88% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 thousand shares and in total, 16 thousand shares were bought and sold for approximately JP¥14.16 million.
The stock is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at JP¥897.46 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Nippon BS Broadcasting Corporation stock with a 90% probability to be traded between JP¥914.53 and JP¥939.55 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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9414.T Signals & Forecast
The Nippon BS Broadcasting Corporation 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¥904.00 and JP¥905.14. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 0.557%. Further rise is indicated until a new top pivot has been found. The stock had a Golden Star Signal on Tuesday, January 23, 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 Tuesday, January 23, 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.
A sell signal from a double top formation was found on Monday, April 15, 2024 and based on theory for this formation the price should fall by -3.51% to JP¥870.36 within 11 trading days since signal was issued (Monday, May 13, 2024).
Support, Risk & Stop-loss for Nippon BS Broadcasting Corporation stock
Nippon BS Broadcasting Corporation finds support from accumulated volume at JP¥897.00 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¥5.00 between high and low, or 0.555%. For the last week the stock has had daily average volatility of 0.533%.
Our recommended stop-loss: JP¥849.20 (-5.85%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (9414.T) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Nippon BS Broadcasting Corporation to open at JP¥903.00, and during the day (based on 14 day Average True Range), to move between JP¥894.20 and JP¥909.80, which gives a possible trading interval of +/-JP¥7.80 (+/-0.86%) up or down from last closing price. If Nippon BS Broadcasting Corporation takes out the full calculated possible swing range there will be an estimated 1.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at JP¥897.00 (0.55%) than the resistance at JP¥908.00 (0.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Nippon BS Broadcasting Corporation stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 1.280 Buy Candidate Unchanged
Predicted Opening Price for Nippon BS Broadcasting Corporation of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| JP¥903.00 ( 0.111%) | JP¥902.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9414.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 908.00 | 0.665 % | |
| R2 | 906.09 | 0.453 % | ||
| R1 | 904.91 | 0.323 % | ||
| Current price: | 902.00 | |||
| Support | S1 | 901.09 | -0.101 % | |
| S2 | 899.91 | -0.232 % | ||
| S3 | 898.00 | -0.443 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 917.00 | 1.66 % | |
| R2 | 915.00 | 1.44 % | ||
| R1 | 908.00 | 0.665 % | ||
| Current price | 902.00 | |||
| Support | S1 | 897.00 | -0.554% | |
| S2 | 893.00 | -1.00% | ||
| S3 | 889.00 | -1.44% |
9414 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 29, 2024 | Aug 29, 2024 | Aug 29, 2024 | JP¥0 | 0% |
| 2 | Aug 30, 2023 | Aug 30, 2023 | Aug 30, 2023 | JP¥26.00 | 2.90% |
| 3 | Aug 30, 2022 | Aug 30, 2022 | Aug 30, 2022 | JP¥20.00 | 2.10% |
| 4 | Aug 30, 2021 | Aug 30, 2021 | Aug 30, 2021 | JP¥20.00 | 1.81% |
| 5 | Aug 28, 2020 | Aug 28, 2020 | Aug 28, 2020 | JP¥20.00 | 1.87% |
FAQ
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