TRUSCO NAKAYAMA CORPORATION Stock Forecast
TRUSCO NAKAYAMA CORPORATION stock upgraded to Hold/Accumulate.
(Updated on Jul 03, 2024)
The TRUSCO NAKAYAMA CORPORATION stock price fell by -0.333% on the last day (Wednesday, 3rd Jul 2024) from JP¥2,401.00 to JP¥2,393.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.29% from a day low at JP¥2,363.00 to a day high of JP¥2,417.00. The price has fallen in 6 of the last 10 days and is down by -1.4% 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 -37 thousand shares and in total, 102 thousand shares were bought and sold for approximately JP¥242.89 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect TRUSCO NAKAYAMA CORPORATION stock with a 90% probability to be traded between JP¥2,297.70 and JP¥2,626.16 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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9830.T Signals & Forecast
There are mixed signals in the stock today. The TRUSCO NAKAYAMA 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¥2,439.14 and JP¥2,445.14. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Thursday, June 06, 2024, and so far it has risen 3.15%. 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).
Support, Risk & Stop-loss for TRUSCO NAKAYAMA CORPORATION stock
TRUSCO NAKAYAMA CORPORATION finds support from accumulated volume at JP¥2,350.00 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¥54.00 (2.29%) between high and low. For the last week, the stock has had daily average volatility of 1.82%.
Our recommended stop-loss: JP¥2,280.90 (-4.68%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 39 days ago.)
Trading Expectations (9830.T) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect TRUSCO NAKAYAMA CORPORATION to open at JP¥2,391.00, and during the day (based on 14 day Average True Range), to move between JP¥2,339.98 and JP¥2,446.02, which gives a possible trading interval of +/-JP¥53.02 (+/-2.22%) up or down from last closing price. If TRUSCO NAKAYAMA CORPORATION takes out the full calculated possible swing range there will be an estimated 4.43% 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¥2,350.00 (1.80%) than the resistance at JP¥2,444.00 (2.13%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is TRUSCO NAKAYAMA CORPORATION stock A Buy?
TRUSCO NAKAYAMA CORPORATION holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.374 Hold/Accumulate Upgraded
Predicted Opening Price for TRUSCO NAKAYAMA CORPORATION of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| JP¥2,391.00 ( 0.0836%) | JP¥2,393.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9830.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,445.00 | 2.17% |
| R2 | 2,424.37 | 1.31% |
| R1 | 2,411.63 | 0.778% |
| Price | 2,393.00 | |
| S1 | 2,370.37 | -0.95% |
| S2 | 2,357.63 | -1.48% |
| S3 | 2,337.00 | -2.34% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,612.00 | 9.15% |
| R2 | 2,476.00 | 3.47% |
| R1 | 2,444.00 | 2.13% |
| Price | 2,393.00 | |
| S1 | 2,350.00 | -1.80% |
| S2 | 2,344.00 | -2.05% |
| S3 | 2,320.00 | -3.05% |
9830 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2024 | Dec 27, 2024 | Dec 27, 2024 | JP¥0 | 0% |
| 2 | Jun 27, 2024 | Jun 27, 2024 | Sep 01, 2024 | JP¥24.00 | 1.00% |
| 3 | Dec 28, 2023 | Dec 28, 2023 | Mar 05, 2024 | JP¥23.50 | 1.05% |
| 4 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥19.00 | 0.82% |
| 5 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥23.50 | 1.15% |
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