Nikon Corp Spons ADR Forecast and Stock Analysis
Technical NINOY stock analysis for February 15, 2019.
Nikon Corp Spons ADR gained 1.29% in the last trading day, rising from $15.55 to $15.75 The price has been going up and down for this period, and there has been a -7.76% loss for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 650 more shares were traded than the day before. In total, 4 947 shares bought and sold for approximately $77 890.50.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the NINOY stock was $15.75. This is 1.29% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 1.79% from a day low at $15.55 to a day high of $15.83.
30 day high of the NINOY stock price was $17.27 and low was $14.38.
90 day high was $17.27 and low was $13.86.
52 week high for the Nikon Corp Spons ADR - $20.79 and low - $13.86.
Trend
Nikon Corp Spons ADR lies in the middle of a wide and 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 4.46% during the next 3 months and, with 90% probability hold a price between $15.20 and $18.10 at the end of this period.
Signals
Nikon Corp Spons ADR holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $15.42 and $15.74. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday February 08, 2019, which indicates further gains until a new top pivot has been found. Nikon Corp Spons ADR has rising volume and follows the last lift in the price. This considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 34 and the stock is currently not being overbought or oversold
Support & Resistance
Nikon Corp Spons ADR finds support from accumulated volume at $15.27.
Risk
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.28 between high and low, or 1.79%. For the last week, the stock has had a daily average volatility of 2.02%.
Our recommended stoploss: $14.95 (-5.03%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 5 days ago.)
Overall risk:
Very Low Low Medium High Very High
Evaluation: Hold/Accumulate
Nikon Corp Spons ADR holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.
