TRUSCO NAKAYAMA CORPORATION Stock Forecast
Green day on Friday for TRUSCO NAKAYAMA CORPORATION
(Updated on Apr 26, 2024)
The TRUSCO NAKAYAMA CORPORATION stock price gained 1.85% on the last trading day (Friday, 26th Apr 2024), rising from JP¥2,493.00 to JP¥2,539.00. During the last trading day the stock fluctuated 3.21% from a day low at JP¥2,460.00 to a day high of JP¥2,539.00. The price has been going up and down for this period, and there has been a 3.89% 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, 23 thousand more shares were traded than the day before. In total, 106 thousand shares were bought and sold for approximately JP¥270.15 million.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at JP¥2,596.53 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect TRUSCO NAKAYAMA CORPORATION stock with a 90% probability to be traded between JP¥2,284.29 and JP¥2,632.20 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
Mostly positive signals in the chart today. The TRUSCO NAKAYAMA CORPORATION 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¥2,450.86 and JP¥2,407.34. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 04, 2024, and so far it has risen 8.32%. 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 TRUSCO NAKAYAMA CORPORATION stock
TRUSCO NAKAYAMA CORPORATION finds support from accumulated volume at JP¥2,538.00 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¥79.00 between high and low, or 3.21%. For the last week, the stock has had daily average volatility of 2.22%.
Our recommended stop-loss: JP¥2,413.71 (-4.93%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (9830.T) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect TRUSCO NAKAYAMA CORPORATION to open at JP¥2,512.67, and during the day (based on 14 day Average True Range), to move between JP¥2,479.50 and JP¥2,598.50, which gives a possible trading interval of +/-JP¥59.50 (+/-2.34%) up or down from last closing price. If TRUSCO NAKAYAMA CORPORATION takes out the full calculated possible swing range there will be an estimated 4.69% 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¥2,538.00 (0.04%) than the resistance at JP¥2,558.00 (0.75%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
TRUSCO NAKAYAMA CORPORATION will release earnings BMO on Tuesday, April 30, 2024. We will update the financials statements for TRUSCO NAKAYAMA CORPORATION, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 7.61% in the first trading day after earnings release.
Is TRUSCO NAKAYAMA CORPORATION stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for TRUSCO NAKAYAMA CORPORATION stock to perform well in the short-term period.
Current score: 4.642 Buy Candidate Unchanged
Predicted Opening Price for TRUSCO NAKAYAMA CORPORATION of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| JP¥2,512.67 ( 1.04%) | JP¥2,539.00 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 2,591.67 | 2.07 % | |
| R2 | 2,561.49 | 0.89 % | ||
| R1 | 2,542.84 | 0.151 % | ||
| Current price: | 2,539.00 | |||
| Support | S1 | 2,482.49 | -2.23 % | |
| S2 | 2,463.84 | -2.96 % | ||
| S3 | 2,433.67 | -4.15 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 2,585.00 | 1.81 % | ||
| R1 | 2,558.00 | 0.748 % | ||
| Current price | 2,539.00 | |||
| Support | S1 | 2,538.00 | -0.0394% | |
| S2 | 2,411.00 | -5.04% | ||
| S3 | 2,397.00 | -5.59% |
9830 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Jun 27, 2024 | JP¥0 | 0% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | JP¥0 | 0% |
| 3 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥19.00 | 0.82% |
| 4 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥23.50 | 1.15% |
| 5 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥16.50 | 0.96% |
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