Nitori Holdings Co.,Ltd. Stock Forecast
Nitori Holdings Co.,Ltd. stock downgraded to Sell Candidate
(Updated on May 07, 2024)
The Nitori Holdings Co.,Ltd. stock price gained 1.12% on the last trading day (Tuesday, 7th May 2024), rising from JP¥20,905.00 to JP¥21,140.00. During the last trading day the stock fluctuated 1.68% from a day low at JP¥20,805.00 to a day high of JP¥21,155.00. The price has been going up and down for this period, and there has been a -1.99% loss 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, 68 thousand more shares were traded than the day before. In total, 664 thousand shares were bought and sold for approximately JP¥14.04 billion.
The stock is at the lower part of a wide 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¥20,708.74 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Nitori Holdings Co.,Ltd. stock with a 90% probability to be traded between JP¥20,924.07 and JP¥24,464.16 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
9843.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 2.13%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Nitori Holdings Co.,Ltd. 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¥21,291.43 and JP¥22,738.29. 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).
Support, Risk & Stop-loss for Nitori Holdings Co.,Ltd. stock
Nitori Holdings Co.,Ltd. finds support from accumulated volume at JP¥20,905.00 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¥350.00 between high and low, or 1.68%. For the last week, the stock has had daily average volatility of 2.49%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (9843.T) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Nitori Holdings Co.,Ltd. to open at JP¥21,033.33, and during the day (based on 14 day Average True Range), to move between JP¥20,578.08 and JP¥21,701.92, which gives a possible trading interval of +/-JP¥561.92 (+/-2.66%) up or down from last closing price. If Nitori Holdings Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 5.32% 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¥21,240.00 (0.47%) than the support at JP¥20,905.00 (1.11%), 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.
Earnings coming up
Nitori Holdings Co.,Ltd. will release earnings BMO on Tuesday, May 14, 2024.The consensus among the analysts for the expected earnings (EPS) is $204.99. We will update the financials statements for Nitori Holdings Co.,Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.37% in the first trading day after earnings release.
Is Nitori Holdings Co.,Ltd. stock A Buy?
Nitori Holdings Co.,Ltd. holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.534 Sell Candidate Downgraded
Predicted Opening Price for Nitori Holdings Co.,Ltd. of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| JP¥21,033.33 ( 0.505%) | JP¥21,140.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9843.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21,383.33 | 1.15 % | |
| R2 | 21,249.63 | 0.519 % | ||
| R1 | 21,167.03 | 0.128 % | ||
| Current price: | 21,140.00 | |||
| Support | S1 | 20,899.63 | -1.14 % | |
| S2 | 20,817.03 | -1.53 % | ||
| S3 | 20,683.33 | -2.16 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23,850.00 | 12.82 % | |
| R2 | 23,600.00 | 11.64 % | ||
| R1 | 21,240.00 | 0.473 % | ||
| Current price | 21,140.00 | |||
| Support | S1 | 20,905.00 | -1.11% | |
| S2 | 20,700.00 | -2.08% | ||
| S3 | 19,625.00 | -7.17% |
9843 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥75.00 | 0.449% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥73.00 | 0.450% |
| 4 | Aug 18, 2022 | Aug 18, 2022 | Aug 18, 2022 | JP¥73.00 | 0.509% |
| 5 | Feb 17, 2022 | Feb 17, 2022 | Feb 17, 2022 | JP¥70.00 | 0.425% |
FAQ
Click here for our free guide on how to buy Nitori Holdings Co.,Ltd. Stock.
