Nidec Corp Stock Forecast
Green day on Friday for Nidec Corp
(Updated on May 17, 2024)
The Nidec Corp stock price gained 2.17% on the last trading day (Friday, 17th May 2024), rising from $11.53 to $11.78. It has now gained 3 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 0.425% from a day low at $11.77 to a day high of $11.82. The price has risen in 6 of the last 10 days but is still down by -1.17% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 11 thousand more shares were traded than the day before. In total, 54 thousand shares were bought and sold for approximately $633.00 thousand.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 27.00% during the next 3 months and, with a 90% probability hold a price between $14.03 and $15.69 at the end of this 3-month period.
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NJDCY Signals & Forecast
The Nidec Corp 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 $11.44 and $10.97. A breakdown below any of these levels will issue sell signals. Nidec Corp has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, May 06, 2024, and so far it has fallen -1.59%. 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).
Support, Risk & Stop-loss for Nidec Corp stock
On the downside, the stock finds support just below today's level from accumulated volume at $10.27 and $9.41. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Nidec Corp finds support just below today's level at $10.27. If this is broken, then the next support from accumulated volume will be at $9.41 and $9.24.
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 $0.0500 between high and low, or 0.425%. For the last week, the stock has had daily average volatility of 2.78%.
Our recommended stop-loss: $11.28 (-4.23%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (NJDCY) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Nidec Corp to open at $11.79, and during the day (based on 14 day Average True Range), to move between $11.42 and $12.14, which gives a possible trading interval of +/-$0.361 (+/-3.06%) up or down from last closing price. If Nidec Corp takes out the full calculated possible swing range there will be an estimated 6.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $11.80 (0.17%) than the support at $10.27 (12.86%), 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 Nidec Corp 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 Nidec Corp stock to perform well in the short-term.
Current score: 2.878 Buy Candidate Unchanged
Predicted Opening Price for Nidec Corp of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
$11.79 ( 0.0849%) | $11.78 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NJDCY
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 11.84 | 0.509 % | |
R2 | 11.82 | 0.347 % | ||
R1 | 11.81 | 0.247 % | ||
Current price: | 11.78 | |||
Support | S1 | 11.77 | -0.0772 % | |
S2 | 11.76 | -0.177 % | ||
S3 | 11.74 | -0.340 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 11.97 | 1.61 % | |
R2 | 11.92 | 1.19 % | ||
R1 | 11.80 | 0.170 % | ||
Current price | 11.78 | |||
Support | S1 | 10.27 | -12.86% | |
S2 | 9.41 | -20.09% | ||
S3 | 9.24 | -21.56% |
NJDCY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 26, 2024 | Mar 26, 2024 | Jun 10, 2024 | $0.0645 | 0.548% |
2 | Sep 29, 2023 | Sep 29, 2023 | Dec 08, 2023 | $0.0367 | 0.393% |
3 | Sep 26, 2023 | Sep 26, 2023 | Dec 08, 2023 | $0.0367 | 0.393% |
4 | Mar 02, 2023 | Mar 29, 2023 | Jun 08, 2023 | $0.0400 | 0.306% |
5 | Sep 28, 2022 | Sep 28, 2022 | Dec 08, 2022 | $0.0014 | 0.0094% |
FAQ
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