Nikon Corp Spons ADR Stock Forecast
Evaluation of Nikon Corp Spons ADR stock downgraded after the last trading session.
(Updated on Apr 18, 2024)
The Nikon Corp Spons ADR stock price fell by -0.88% on the last day (Thursday, 18th Apr 2024) from $9.65 to $9.56. It has now fallen 6 days in a row. During the last trading day the stock fluctuated 5.13% from a day low at $9.55 to a day high of $10.04. The price has fallen in 8 of the last 10 days and is down by -5.81% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -3 thousand shares and in total, 1 thousand shares were bought and sold for approximately $12.62 thousand.
Given the current short-term trend, the stock is expected to rise 2.69% during the next 3 months and, with a 90% probability hold a price between $9.82 and $11.21 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. 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 $10.01 and $10.27. 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 -11.69%. 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). 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. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Nikon Corp Spons ADR 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.490 between high and low, or 5.13%. For the last week the stock has had daily average volatility of 3.55%.
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 Friday 19th
For the upcoming trading day on Friday, 19th we expect Nikon Corp Spons ADR to open at $9.72, and during the day (based on 14 day Average True Range), to move between $9.19 and $9.93, which gives a possible trading interval of +/-$0.372 (+/-3.89%) 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 7.79% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $9.83, some $0.270 (2.82%) from the current price of $9.56, our system finds the risk reward not very attractive.
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 Hold/Accumulate to a Sell candidate.
Current score: -1.224 Sell Candidate Downgraded
Predicted Opening Price for Nikon Corp Spons ADR of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $9.72 ( 1.64%) | $9.56 |
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 | 10.21 | 6.76 % | |
| R2 | 10.02 | 4.81 % | ||
| R1 | 9.90 | 3.60 % | ||
| Current price: | 9.56 | |||
| Support | S1 | 9.53 | -0.319 % | |
| S2 | 9.41 | -1.53 % | ||
| S3 | 9.23 | -3.49 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.60 | 10.88 % | |
| R2 | 10.41 | 8.89 % | ||
| R1 | 9.83 | 2.82 % | ||
| Current price | 9.56 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
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.
