NINOY Forecast and Technical Stock Analysis
Sell candidate since 2019-07-17 Loss -1.63%Nikon Corp Spons ADR fell by -1.63% in the last day ( Thursday, 18th Jul 2019 ) from $14.07 to $13.84 and has now fallen 5 days in a row. During day the stock fluctuated 1.69% from a day low at $13.61 to a day high of $13.84. The price has fallen in 7 of the last 10 days and is down by -4.68% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -89 691 shares and in total 14 429 shares bought and sold for approximately $199 697.00.
Quick summary:
- 30 day high of the NINOY stock price was $14.79 and low was $13.61.
- 90 day high was $14.79 and low was $12.74.
- 52 week high for the Nikon Corp Spons ADR - $19.74 and low - $12.74.
Trend
Nikon Corp Spons ADR 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 6.26% during the next 3 months and, with 90% probability hold a price between $14.29 and $15.66 at the end of this period.
Signals
There are few to none technical positive signals at the moment. Nikon Corp Spons ADR holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $14.29 and $14.15. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Tuesday July 02, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 38 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
Support & Resistance
Nikon Corp Spons ADR finds support from accumulated volume at $13.70.
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.
1.64 %
Average volatilityOverall risk:
Very Low Low Medium High Very High
Evaluation
The Nikon Corp Spons ADR stock holds several negative signals and despite the positive trend we believe Nikon Corp Spons ADR will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
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