Nissan Motor Co., Ltd. Stock Forecast
Green day on Friday for Nissan Motor Co., Ltd. stock after gaining 0.676%
(Updated on May 03, 2024)
The Nissan Motor Co., Ltd. stock price gained 0.676% on the last trading day (Friday, 3rd May 2024), rising from $7.40 to $7.45. It has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 3.78% from a day low at $7.41 to a day high of $7.69. The price has risen in 7 of the last 10 days and is up by 5.67% over the past 2 weeks. Volume fell on the last day by -95 thousand shares and in total, 66 thousand shares were bought and sold for approximately $493.09 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 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 -5.55% during the next 3 months and, with a 90% probability hold a price between $6.55 and $7.77 at the end of this 3-month period.
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NSANY Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 6.13%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Nissan Motor Co., Ltd. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $7.66. On a fall, the stock will find some support from the short-term average at $7.23. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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 also not.
Support, Risk & Stop-loss for Nissan Motor Co., Ltd. stock
Nissan Motor Co., Ltd. finds support from accumulated volume at $7.43 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.280 between high and low, or 3.78%. For the last week the stock has had daily average volatility of 2.90%.
Since the Nissan Motor Co., Ltd. has been rising for 6 days in a row, the risk over the next couple of days has increased.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NSANY) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Nissan Motor Co., Ltd. to open at $7.52, and during the day (based on 14 day Average True Range), to move between $7.19 and $7.71, which gives a possible trading interval of +/-$0.259 (+/-3.47%) up or down from last closing price. If Nissan Motor Co., Ltd. takes out the full calculated possible swing range there will be an estimated 6.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $7.43 (0.27%) than the resistance at $7.57 (1.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Nissan Motor Co., Ltd. will release earnings -- on Thursday, May 09, 2024. We will update the financials statements for Nissan Motor Co., Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.88% in the first trading day after earnings release.
Is Nissan Motor Co., Ltd. stock A Buy?
Nissan Motor Co., Ltd. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.900 Sell Candidate Unchanged
Predicted Opening Price for Nissan Motor Co., Ltd. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $7.52 ( 0.89%) | $7.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NSANY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.80 | 4.65 % | |
| R2 | 7.69 | 3.22 % | ||
| R1 | 7.62 | 2.33 % | ||
| Current price: | 7.45 | |||
| Support | S1 | 7.41 | -0.541 % | |
| S2 | 7.34 | -1.43 % | ||
| S3 | 7.24 | -2.86 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.67 | 2.95 % | |
| R2 | 7.63 | 2.42 % | ||
| R1 | 7.57 | 1.61 % | ||
| Current price | 7.45 | |||
| Support | S1 | 7.43 | -0.268% | |
| S2 | 7.23 | -2.95% | ||
| S3 | 7.15 | -4.03% |
NSANY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 27, 2024 | Mar 27, 2024 | Mar 27, 2024 | $0.117 | 1.48% |
| 2 | Mar 26, 2024 | Mar 26, 2024 | Jul 08, 2024 | $0.129 | 1.73% |
| 3 | Sep 01, 2023 | Sep 28, 2023 | Dec 06, 2023 | $0.0400 | 0.510% |
| 4 | Mar 29, 2023 | Mar 29, 2023 | Jul 07, 2023 | $0.0948 | 1.13% |
| 5 | Sep 26, 2019 | Sep 26, 2019 | Dec 02, 2016 | $0.182 | 0.98% |
FAQ
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