Nippon Telegraph and Telephone Corp Stock Forecast
Nippon Telegraph and Telephone Corp stock upgraded to Hold/Accumulate.
(Updated on Apr 29, 2024)
The Nippon Telegraph and Telephone Corp stock price gained 0.97% on the last trading day (Monday, 29th Apr 2024), rising from $26.74 to $27.00. During the last trading day the stock fluctuated 2.21% from a day low at $26.50 to a day high of $27.09. The price has fallen in 7 of the last 10 days and is down by -3.64% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 32 thousand more shares were traded than the day before. In total, 228 thousand shares were bought and sold for approximately $6.15 million.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $26.68 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -11.68% during the next 3 months and, with a 90% probability hold a price between $23.56 and $25.74 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
NTTYY Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 0.97%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Nippon Telegraph and Telephone Corp 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 $27.29 and $29.00. 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).
Support, Risk & Stop-loss for Nippon Telegraph and Telephone Corp stock
Nippon Telegraph and Telephone Corp finds support from accumulated volume at $26.74 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 $0.585 between high and low, or 2.21%. For the last week, the stock has had daily average volatility of 2.62%.
Nippon Telegraph and Telephone Corp is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: $25.33 (-6.19%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 22 which reduces the risk some. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (NTTYY) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect Nippon Telegraph and Telephone Corporation to open at $26.86, and during the day (based on 14 day Average True Range), to move between $26.19 and $27.81, which gives a possible trading interval of +/-$0.81 (+/-3.00%) up or down from last closing price. If Nippon Telegraph and Telephone Corporation takes out the full calculated possible swing range there will be an estimated 6.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $27.23 (0.85%) than the support at $26.74 (0.96%), 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 Nippon Telegraph and Telephone Corporation stock A Buy?
Nippon Telegraph and Telephone Corp holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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 Strong Sell to a Hold/Accumulate candidate.
Current score: -0.353 Hold/Accumulate Upgraded
Predicted Opening Price for Nippon Telegraph and Telephone Corporation of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| $26.86 ( 0.512%) | $27.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NTTYY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.45 | 1.65 % | |
| R2 | 27.22 | 0.83 % | ||
| R1 | 27.09 | 0.315 % | ||
| Current price: | 27.00 | |||
| Support | S1 | 26.64 | -1.34 % | |
| S2 | 26.50 | -1.85 % | ||
| S3 | 26.28 | -2.68 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.30 | 1.11 % | |
| R2 | 27.24 | 0.89 % | ||
| R1 | 27.23 | 0.85 % | ||
| Current price | 27.00 | |||
| Support | S1 | 26.74 | -0.96% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
NTTYY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 28, 2023 | Sep 28, 2023 | Dec 26, 2023 | $0.328 | 1.10% |
| 2 | Mar 29, 2023 | Mar 29, 2023 | Jun 30, 2023 | $0.331 | 1.12% |
| 3 | Sep 28, 2022 | Sep 28, 2022 | Dec 22, 2022 | $0.348 | 1.22% |
| 4 | Sep 26, 2007 | Sep 26, 2007 | Sep 26, 2007 | $0.101 | 0.90% |
| 5 | Mar 28, 2007 | Mar 28, 2007 | Mar 28, 2007 | $0.0855 | 0.666% |
FAQ
Click here for our free guide on how to buy Nippon Telegraph and Telephone Corporation Stock.
