Nihon Kohden Corporation Stock Forecast
Green day on Friday for Nihon Kohden Corporation stock after gaining 1.98%
(Updated on May 24, 2024)
The Nihon Kohden Corporation stock price gained 1.98% on the last trading day (Friday, 24th May 2024), rising from $14.13 to $14.41. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.21% from a day low at $14.41 to a day high of $14.87. The price has risen in 7 of the last 10 days and is up by 3.67% over the past 2 weeks. Volume fell on the last day by -582 shares and in total, 461 shares were bought and sold for approximately $6.64 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $14.71 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 3.79% during the next 3 months and, with a 90% probability hold a price between $13.64 and $15.26 at the end of this 3-month period.
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NHNKY Signals & Forecast
The Nihon Kohden 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 $14.13 and $13.71. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 15, 2024, and so far it has risen 4.74%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
A buy signal from a double bottom formation was found on Friday, April 05, 2024 with a target of $13.58. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for Nihon Kohden Corporation stock
Nihon Kohden Corporation finds support from accumulated volume at $13.69 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.462 between high and low, or 3.21%. For the last week the stock has had daily average volatility of 1.85%
Our recommended stop-loss: $13.77 (-4.42%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (NHNKY) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect Nihon Kohden Corporation to open at $14.56, and during the day (based on 14 day Average True Range), to move between $14.02 and $14.80, which gives a possible trading interval of +/-$0.389 (+/-2.70%) up or down from last closing price. If Nihon Kohden Corporation takes out the full calculated possible swing range there will be an estimated 5.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $14.63 (1.53%) than the support at $13.69 (5.00%), 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 Nihon Kohden Corporation 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 Nihon Kohden Corporation stock to perform well in the short-term.
Current score: 2.889 Buy Candidate Unchanged
Predicted Opening Price for Nihon Kohden Corporation of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| $14.56 ( 1.07%) | $14.41 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NHNKY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.03 | 4.27 % | |
| R2 | 14.85 | 3.05 % | ||
| R1 | 14.74 | 2.29 % | ||
| Current price: | 14.41 | |||
| Support | S1 | 14.39 | -0.156 % | |
| S2 | 14.28 | -0.91 % | ||
| S3 | 14.10 | -2.14 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 14.63 | 1.53 % | ||
| Current price | 14.41 | |||
| Support | S1 | 13.69 | -5.00% | |
| S2 | 13.21 | -8.36% | ||
| S3 | 12.88 | -10.62% |
NHNKY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 28, 2023 | Sep 28, 2023 | Dec 14, 2023 | $0.0721 | 0.550% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Jun 29, 2023 | $0.143 | 1.08% |
| 3 | Aug 22, 2022 | Sep 29, 2022 | Dec 15, 2022 | $0.0500 | 0.422% |
| 4 | Sep 28, 2021 | Sep 28, 2021 | Sep 28, 2021 | $0.0835 | 0.493% |
| 5 | Mar 29, 2021 | Mar 29, 2021 | Mar 29, 2021 | $0.171 | 1.15% |
FAQ
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