Nintendo Company Ltd ADR Stock Forecast
Red day on Thursday for Nintendo Company Ltd ADR stock after losing 0.82%
(Updated on Apr 18, 2024)
The Nintendo Company Ltd ADR stock price fell by -0.82% on the last day (Thursday, 18th Apr 2024) from $12.22 to $12.12. During the last trading day the stock fluctuated 1.24% from a day low at $12.12 to a day high of $12.27. The price has fallen in 8 of the last 10 days and is down by -5.53% for this period. Volume has increased on the last day by 183 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, 673 thousand shares were bought and sold for approximately $8.15 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $11.97 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -9.48% during the next 3 months and, with a 90% probability hold a price between $10.84 and $12.61 at the end of this 3-month period.
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NTDOY Signals & Forecast
There are few to no technical positive signals at the moment. The Nintendo Company Ltd 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 $12.33 and $13.37. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, February 15, 2024, and so far it has fallen -18.88%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Nintendo Company Ltd 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.150 between high and low, or 1.24%. For the last week, the stock has had daily average volatility of 1.54%.
Nintendo Company Ltd ADR is oversold on RSI14 (13). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NTDOY) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Nintendo Company Ltd ADR to open at $12.17, and during the day (based on 14 day Average True Range), to move between $11.90 and $12.34, which gives a possible trading interval of +/-$0.216 (+/-1.78%) up or down from last closing price. If Nintendo Company Ltd ADR takes out the full calculated possible swing range there will be an estimated 3.56% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $13.99, some $1.87 (15.43%) from the current price of $12.12, our system finds the risk reward not very attractive.
Is Nintendo Company Ltd ADR stock A Buy?
Nintendo Company Ltd 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.
Current score: -3.640 Sell Candidate Unchanged
Predicted Opening Price for Nintendo Company Ltd ADR of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $12.17 ( 0.413%) | $12.12 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NTDOY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.32 | 1.65 % | |
| R2 | 12.26 | 1.18 % | ||
| R1 | 12.23 | 0.89 % | ||
| Current price: | 12.12 | |||
| Support | S1 | 12.11 | -0.0602 % | |
| S2 | 12.08 | -0.352 % | ||
| S3 | 12.02 | -0.83 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.55 | 20.05 % | |
| R2 | 14.47 | 19.39 % | ||
| R1 | 13.99 | 15.43 % | ||
| Current price | 12.12 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
NTDOY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 28, 2023 | Sep 28, 2023 | Dec 18, 2023 | $0.0918 | 0.771% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Jul 11, 2023 | $0.152 | 1.35% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | $0.0900 | 0.87% |
| 4 | Sep 27, 2006 | Sep 27, 2006 | Sep 27, 2006 | $0.0150 | 0.293% |
| 5 | Mar 28, 2006 | Mar 28, 2006 | Mar 28, 2006 | $0.0148 | 0.410% |
FAQ
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