Nikon Corp Spons ADR Stock Forecast
Weaker technical forecast for Nikon Corp Spons ADR as stock downgraded to Sell Candidate.
(Updated on Mar 27, 2024)
The Nikon Corp Spons ADR stock price fell by -0.779% on the last day (Wednesday, 27th Mar 2024) from $10.27 to $10.19. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 3.85% from a day low at $10.12 to a day high of $10.51. The price has fallen in 6 of the last 10 days and is down by -2.21% for this period. Volume has increased on the last day by 3 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 5 thousand shares were bought and sold for approximately $52.22 thousand.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.17% during the next 3 months and, with a 90% probability hold a price between $10.70 and $11.65 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
NINOY Signals & Forecast
There are few to no technical positive signals at the moment. The Nikon Corp Spons ADR stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $10.52 and $10.24. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -5.87%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Nikon Corp Spons ADR gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Nikon Corp Spons ADR stock
Nikon Corp Spons ADR finds support from accumulated volume at $10.09 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 $0.390 (3.85%) between high and low. For the last week, the stock has had daily average volatility of 4.78%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NINOY) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Nikon Corp Spons ADR to open at $10.27, and during the day (based on 14 day Average True Range), to move between $9.75 and $10.63, which gives a possible trading interval of +/-$0.440 (+/-4.32%) up or down from last closing price. If Nikon Corp Spons ADR takes out the full calculated possible swing range there will be an estimated 8.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $10.20 (0.10%) than the support at $10.09 (0.98%), 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 Nikon Corp Spons ADR stock A Buy?
The Nikon Corp Spons ADR stock holds several negative signals and despite the positive trend, we believe Nikon Corp Spons ADR will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -2.465 Sell Candidate Downgraded
Predicted Opening Price for Nikon Corp Spons ADR of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$10.27 ( 0.82%) | $10.19 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NINOY
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 10.66 | 4.65 % | |
R2 | 10.51 | 3.18 % | ||
R1 | 10.42 | 2.28 % | ||
Current price: | 10.19 | |||
Support | S1 | 10.12 | -0.644 % | |
S2 | 10.03 | -1.55 % | ||
S3 | 9.88 | -3.01 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 10.60 | 4.02 % | |
R2 | 10.41 | 2.16 % | ||
R1 | 10.20 | 0.0981 % | ||
Current price | 10.19 | |||
Support | S1 | 10.09 | -0.98% | |
S2 | 9.83 | -3.53% | ||
S3 | 9.71 | -4.71% |
NINOY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Sep 28, 2023 | Sep 28, 2023 | Dec 15, 2023 | $0.100 | 1.03% |
2 | Mar 30, 2023 | Mar 30, 2023 | Jul 14, 2023 | $0.108 | 0.82% |
3 | Sep 29, 2022 | Sep 29, 2022 | Dec 15, 2022 | $0.0919 | 1.02% |
4 | Sep 28, 2021 | Sep 28, 2021 | Sep 28, 2021 | $0.176 | 1.56% |
5 | Mar 29, 2021 | Mar 29, 2021 | Mar 29, 2021 | $0.0903 | 0.95% |
FAQ
Click here for our free guide on how to buy Nikon Corp Spons ADR Stock.