Nikon Corp Spons ADR Forecast and Stock Analysis
Technical NINOY stock analysis for April 25, 2019.
Nikon Corp Spons ADR gained 0.58% in the last trading day, rising from $13.75 to $13.83 The price has risen in 6 of the last 10 days , but is still down by -3.08% for this period. Volume fell in the last day by -10 262 shares, and in total, 13 136 shares bought and sold for approximately $181 671.00. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Close price at the end of the last trading day (Thursday, 25th Apr 2019) of the NINOY stock was $13.83. This is 0.58% more than the trading day before Wednesday, 24th Apr 2019.
During day the stock fluctuated 2.68% from a day low at $13.81 to a day high of $14.18.
30 day high of the NINOY stock price was $14.55 and low was $13.63.
90 day high was $17.27 and low was $13.63.
52 week high for the Nikon Corp Spons ADR - $19.74 and low - $13.63.
Trend
Nikon Corp Spons ADR has broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction there will be support on the roof on the current trend broken, which is $13.64, a level that may pose a second chance to hit a runner. According to fan-theory $15.09 will be the next possible trendtop level and thereby pose a resistance level which may not be broken on the first attempt.
Signals
A buy signal was issued from a pivot bottom point on Wednesday April 24, 2019, which indicates further gains 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. Nikon Corp Spons ADR holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $13.94 and $14.21. A break-up above any of these levels will issue buy signals. 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.
Relative Strength Index (RSI)
RSI14 is 40 and the stock is currently not being overbought or oversold
Support & Resistance
Nikon Corp Spons ADR finds support from accumulated volume at $13.75.
Risk
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
Overall risk:
Very Low Low Medium High Very High
Evaluation: Sell Candidate
Nikon Corp Spons ADR 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.
| NINOY $13.83 ($0.08 0.58%) |
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NINOY is up $0.08 today, but where's it headed in 2019? |
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