Nitori Holdings Co., Ltd. Stock Forecast
Nitori Holdings Co., Ltd. stock upgraded to Sell Candidate.
(Updated on May 21, 2024)
The Nitori Holdings Co., Ltd. stock price fell by -0.517% on the last day (Tuesday, 21st May 2024) from $11.61 to $11.55. During the last trading day the stock fluctuated 5.39% from a day low at $11.31 to a day high of $11.92. The price has fallen in 6 of the last 10 days and is down by -14.35% 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 -31 thousand shares and in total, 46 thousand shares were bought and sold for approximately $536.79 thousand.
The stock has broken the falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($12.74) are considered to be a "second chance" to get out. According to the fan-theory $11.56 will represent the new bottom line of the next trend, but it is far too early to say this for certain.
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NCLTY Signals & Forecast
There are few to no technical positive signals at the moment. 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 $12.09 and $13.78. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 25, 2024, and so far it has fallen -27.52%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Nitori Holdings Co., Ltd. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.610 between high and low, or 5.39%. For the last week the stock has had daily average volatility of 4.08%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NCLTY) For The Upcoming Trading Day Of Wednesday 22nd
For the upcoming trading day on Wednesday, 22nd we expect Nitori Holdings Co., Ltd. to open at $11.59, and during the day (based on 14 day Average True Range), to move between $10.95 and $12.15, which gives a possible trading interval of +/-$0.604 (+/-5.23%) 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 10.45% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $11.61, some $0.0600 (0.52%) from the current price of $11.55, our system finds the risk reward not very attractive.
Is Nitori Holdings Co., Ltd. stock A Buy?
Nitori Holdings Co., Ltd. holds several negative signals and is within a 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.883 Sell Candidate Upgraded
Predicted Opening Price for Nitori Holdings Co., Ltd. of Wednesday, May 22, 2024
| Fair opening price May 22, 2024 | Current price |
|---|---|
| $11.59 ( 0.375%) | $11.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NCLTY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.20 | 5.66 % | |
| R2 | 11.97 | 3.64 % | ||
| R1 | 11.83 | 2.39 % | ||
| Current price: | 11.55 | |||
| Support | S1 | 11.36 | -1.64 % | |
| S2 | 11.22 | -2.89 % | ||
| S3 | 10.98 | -4.91 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.36 | 24.29 % | |
| R2 | 14.24 | 23.29 % | ||
| R1 | 11.61 | 0.519 % | ||
| Current price | 11.55 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
NCLTY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 28, 2023 | Sep 28, 2023 | Dec 20, 2023 | $0.0377 | 0.302% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Jun 20, 2023 | $0.0522 | 0.451% |
| 3 | Mar 29, 2023 | Mar 29, 2023 | Mar 29, 2023 | $0.0400 | 0.327% |
| 4 | Jul 06, 2022 | Aug 18, 2022 | Nov 02, 2022 | $0.0400 | 0.452% |
| 5 | Feb 16, 2022 | Feb 16, 2022 | May 13, 2022 | $0.0535 | 0.531% |
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