NTT DATA Corporation Stock Forecast

Red day on Friday for NTT DATA Corporation
(Updated on May 17, 2024)

NTDTY Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, May 15, 2024, and so far it has risen 3.48%. 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 NTT DATA 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 $14.80 and $15.27. 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). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for NTT DATA Corporation stock

NTT DATA Corporation finds support from accumulated volume at $14.54 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 $0.720 between high and low, or 5.07%. For the last week the stock has had daily average volatility of 2.19%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (NTDTY) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect NTT DATA Corporation to open at $14.56, and during the day (based on 14 day Average True Range), to move between $14.07 and $15.11, which gives a possible trading interval of +/-$0.518 (+/-3.55%) up or down from last closing price. If NTT DATA Corporation takes out the full calculated possible swing range there will be an estimated 7.10% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $14.54 (0.34%) than the resistance at $15.57 (6.72%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is NTT DATA Corporation stock A Buy?

NTT DATA Corporation holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -2.060 Sell Candidate Unchanged

Predicted Opening Price for NTT DATA Corporation of Monday, May 20, 2024

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