Nippon Yusen Kabushiki Kaisha Stock Forecast
Weaker technical forecast for Nippon Yusen Kabushiki Kaisha as stock downgraded to Sell Candidate.
(Updated on Jun 17, 2024)
The Nippon Yusen Kabushiki Kaisha stock price fell by -1.16% on the last day (Monday, 17th Jun 2024) from $6.06 to $5.99. During the last trading day the stock fluctuated 2.36% from a day low at $5.93 to a day high of $6.07. The price has fallen in 7 of the last 10 days and is down by -9.52% for this period. Volume has increased on the last day by 874 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 thousand shares were bought and sold for approximately $12.33 thousand.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $5.94 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 20.52% during the next 3 months and, with a 90% probability hold a price between $7.15 and $8.20 at the end of this 3-month period.
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NPNYY Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 1.18%. 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. The Nippon Yusen Kabushiki Kaisha stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $6.15 and $6.05. 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). Nippon Yusen Kabushiki Kaisha gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Nippon Yusen Kabushiki Kaisha stock
Nippon Yusen Kabushiki Kaisha finds support from accumulated volume at $5.88 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 $0.140 between high and low, or 2.36%. For the last week, the stock has had daily average volatility of 1.35%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NPNYY) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Nippon Yusen Kabushiki Kaisha to open at $6.00, and during the day (based on 14 day Average True Range), to move between $5.83 and $6.15, which gives a possible trading interval of +/-$0.164 (+/-2.74%) up or down from last closing price. If Nippon Yusen Kabushiki Kaisha takes out the full calculated possible swing range there will be an estimated 5.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $5.88 (1.84%) than the resistance at $6.34 (5.84%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Nippon Yusen Kabushiki Kaisha stock A Buy?
The Nippon Yusen Kabushiki Kaisha stock holds several negative signals and despite the positive trend, we believe Nippon Yusen Kabushiki Kaisha will perform weakly in the next couple of days or weeks. Therefore, we 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 Buy to a Sell candidate.
Current score: -1.879 Sell Candidate Downgraded
Predicted Opening Price for Nippon Yusen Kabushiki Kaisha of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $6.00 ( 0.111%) | $5.99 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NPNYY
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.14 | 2.45% |
| R2 | 6.08 | 1.56% |
| R1 | 6.05 | 1.00% |
| Price | 5.99 | |
| S1 | 5.94 | -0.782% |
| S2 | 5.91 | -1.33% |
| S3 | 5.86 | -2.23% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.62 | 10.52% |
| R2 | 6.36 | 6.18% |
| R1 | 6.34 | 5.84% |
| Price | 5.99 | |
| S1 | 5.88 | -1.84% |
| S2 | 5.44 | -9.18% |
| S3 | 5.31 | -11.35% |
NPNYY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 28, 2023 | Sep 28, 2023 | Dec 11, 2023 | $0.0602 | 1.13% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Jul 03, 2023 | $0.178 | 3.96% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Dec 12, 2022 | $0.427 | 9.58% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | $0.615 | 3.68% |
| 5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | $0.353 | 6.30% |
FAQ
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