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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of NPSCY
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Nippon Steel Corporation stock upgraded to Hold/Accumulate.
(Updated on Jun 14, 2024)

Hold candidate since Jun 14, 2024 PDF

The Nippon Steel Corporation stock price gained 0.85% on the last trading day (Friday, 14th Jun 2024), rising from $7.05 to $7.11. During the last trading day the stock fluctuated 1.13% from a day low at $7.05 to a day high of $7.13. The price has risen in 6 of the last 10 days but is still down by -0.97% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 thousand more shares were traded than the day before. In total, 4 thousand shares were bought and sold for approximately $25.75 thousand.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -15.01% during the next 3 months and, with a 90% probability hold a price between $5.43 and $6.27 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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NPSCY Signals & Forecast

There are mixed signals in the stock today. The Nippon Steel Corporation 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 $7.22 and $7.24. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Thursday, May 09, 2024, and so far it has risen 2.89%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Nippon Steel Corporation 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. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Nippon Steel Corporation stock

Nippon Steel Corporation finds support from accumulated volume at $6.99 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.0800 (1.13%) between high and low. For the last week, the stock has had daily average volatility of 0.563%.

Our recommended stop-loss: $6.83 (-3.96%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 70 days ago.)

Trading Expectations (NPSCY) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect Nippon Steel Corporation to open at $7.10, and during the day (based on 14 day Average True Range), to move between $6.93 and $7.29, which gives a possible trading interval of +/-$0.182 (+/-2.56%) up or down from last closing price. If Nippon Steel Corporation takes out the full calculated possible swing range there will be an estimated 5.12% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $6.99 (1.75%) than the resistance at $7.36 (3.53%), 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 Steel Corporation stock A Buy?

Nippon Steel Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.252 Hold/Accumulate Upgraded

Predicted Opening Price for Nippon Steel Corporation of Monday, June 17, 2024

Fair opening price June 17, 2024 Current price
$7.10 ( 0.188%) $7.11

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for NPSCY

Fibonacci Support & Resistance Levels

Level Price
R3 7.18 0.94%
R2 7.15 0.508%
R1 7.13 0.242%
Price 7.11
S1 7.07 -0.617%
S2 7.05 -0.88%
S3 7.02 -1.31%

Accumulated Volume Support & Resistance Levels

Level Price
R3 8.01 12.66%
R2 7.49 5.34%
R1 7.36 3.53%
Price 7.11
S1 6.99 -1.75%
S2 6.98 -1.86%
S3 6.91 -2.81%

NPSCY Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Sep 28, 2023 Sep 28, 2023 Dec 11, 2023 $0.126 1.66%
2 Mar 30, 2023 Mar 30, 2023 Jul 06, 2023 $0.148 2.16%
3 Sep 29, 2022 Sep 29, 2022 Dec 10, 2018 $0.647 11.29%
4 Mar 26, 2014 Mar 26, 2014 Mar 26, 2014 $0.0980 1.17%

FAQ

What is the symbol for Nippon Steel Corporation Stock and on which exchange is it traded?
The symbol for Nippon Steel Corporation is NPSCY and it is traded on the PINK (Pink Sheets).

Should I buy or sell Nippon Steel Corporation Stock?
Nippon Steel Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy Nippon Steel Corporation Stock?
Nippon Steel Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Nippon Steel Corporation Stock.

What's the current price of Nippon Steel Corporation Stock?
As of the end of day on the Jun 14, 2024, the price of an Nippon Steel Corporation (NPSCY) share was $7.11.

What is the 52-week high and low for Nippon Steel Corporation Stock?
The 52-week high for Nippon Steel Corporation Stock is $8.79 and the 52-week low is $6.63.

What is the market capitalization of Nippon Steel Corporation Stock?
As of the Jun 14, 2024, the market capitalization of Nippon Steel Corporation is 19.665B.

When is the next earnings date for Nippon Steel Corporation?
The upcoming earnings date for Nippon Steel Corporation is Aug 02, 2024.
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About Nippon Steel Corporation

Nippon Steel Nippon Steel Corporation, together with its subsidiaries, engages in steelmaking and steel fabrication, engineering and construction, chemicals and materials, and system solutions businesses in Japan and internationally. The company's steelmaking and steel fabrication business offers steel plates, sheets, and slags; bar and rod materials; structural steel; pipes and tubes; titanium and stainless products; and railway, automotive, and machinery pa... NPSCY Profile

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