NISHIO RENT ALL Co.,LTD. Stock Forecast
Red day on Friday for NISHIO RENT ALL Co.,LTD.
(Updated on May 17, 2024)
No changes to the price of NISHIO RENT ALL Co.,LTD. stock on the last trading day (Friday, 17th May 2024). During the last trading day the stock fluctuated 0.89% from a day low at JP¥3,920.00 to a day high of JP¥3,955.00. The price has fallen in 6 of the last 10 days and is down by -1.38% for this period.
The stock lies in the middle of a wide and 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 2.47% during the next 3 months and, with a 90% probability hold a price between JP¥3,769.49 and JP¥4,209.96 at the end of this 3-month period.
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9699.T Signals & Forecast
The NISHIO RENT ALL Co.,LTD. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥4,014.29. On a fall, the stock will find some support from the long-term average at approximately JP¥3,859.71. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Thursday, May 16, 2024, and so far it has fallen 0%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
A buy signal from a double bottom formation was found on Friday, April 19, 2024 with a target of JP¥3,903.85. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for NISHIO RENT ALL Co.,LTD. stock
NISHIO RENT ALL Co.,LTD. finds support from accumulated volume at JP¥3,850.00 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¥35.00 between high and low, or 0.89%. For the last week, the stock has had daily average volatility of 1.66%.
Our recommended stop-loss: JP¥3,715.40 (-5.82%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (9699.T) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect NISHIO RENT ALL Co.,LTD. to open at JP¥3,940.00, and during the day (based on 14 day Average True Range), to move between JP¥3,858.24 and JP¥4,031.76, which gives a possible trading interval of +/-JP¥86.76 (+/-2.20%) up or down from last closing price. If NISHIO RENT ALL Co.,LTD. takes out the full calculated possible swing range there will be an estimated 4.40% 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¥3,960.00 (0.38%) than the support at JP¥3,850.00 (2.41%), 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 NISHIO RENT ALL Co.,LTD. 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 NISHIO RENT ALL Co.,LTD. stock to perform well in the short-term.
Current score: 2.935 Buy Candidate Unchanged
Predicted Opening Price for NISHIO RENT ALL Co.,LTD. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| JP¥3,940.00 ( 0.127%) | JP¥3,945.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9699.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,975.00 | 0.760 % | |
| R2 | 3,961.63 | 0.422 % | ||
| R1 | 3,953.37 | 0.212 % | ||
| Current price: | 3,945.00 | |||
| Support | S1 | 3,926.63 | -0.466 % | |
| S2 | 3,918.37 | -0.675 % | ||
| S3 | 3,905.00 | -1.01 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,030.00 | 2.15 % | |
| R2 | 4,000.00 | 1.39 % | ||
| R1 | 3,960.00 | 0.380 % | ||
| Current price | 3,945.00 | |||
| Support | S1 | 3,850.00 | -2.41% | |
| S2 | 3,815.00 | -3.30% | ||
| S3 | 3,810.00 | -3.42% |
9699 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥100.00 | 2.81% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥100.00 | 3.55% |
| 4 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥80.00 | 2.73% |
| 5 | Sep 29, 2020 | Sep 29, 2020 | Sep 29, 2020 | JP¥77.00 | 3.39% |
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