Nippon Telegraph and Telephone Corp Stock Forecast

Nippon Telegraph and Telephone Corp stock price ended at $24.34 on Monday, after losing 0%.
(Updated on May 20, 2024)

NTTYY Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, May 17, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. 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 $25.15 and $27.28. 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

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 $0.420 between high and low, or 1.74%. For the last week, the stock has had daily average volatility of 2.15%.

Nippon Telegraph and Telephone Corp is oversold on RSI14 (21). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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

Trading Expectations (NTTYY) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Nippon Telegraph and Telephone Corporation to open at $24.36, and during the day (based on 14 day Average True Range), to move between $23.51 and $25.17, which gives a possible trading interval of +/-$0.83 (+/-3.39%) 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 6.78% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $25.67, some $1.33 (5.46%) from the current price of $24.34, our system finds the risk reward not very attractive.

Is Nippon Telegraph and Telephone Corporation stock A Buy?

Nippon Telegraph and Telephone Corp 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: -2.038 Sell Candidate Unchanged

Predicted Opening Price for Nippon Telegraph and Telephone Corporation of Tuesday, May 21, 2024

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