Thoughts on NICHICON CORPORATION (6996) (2019-07-22)

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REPORTING FOR 2019-07-22 | AMARKETREPORTSJOURNAL.COM: We have conducted a deep analysis of how NICHICON CORPORATION (6996) has been trading over the last 2 weeks and the past day especially. On its latest session, NICHICON CORPORATION (6996) opened at 871.0, reaching a high of 895.0 and a low of 869.0 before closing at a price of 889.0. There was a total volume of 166500.0.

VOLUME INDICATORS: We saw an accumulation-distribution index of 2853.76667, an on-balance volume of -879.0, chaikin money flow of 1.16667 and a force index of 798.0. There was an ease of movement rating of 0.16212, a volume-price trend of -41.19413 and a negative volume index of 1000.0.

VOLATILITY: We noted an average true range of 19.0202, bolinger bands of 879.05635, an upper bollinger band of 847.94365, lower bollinger band of 869.0, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 878.33333, high band keltner channel of 854.33333, low band keltner channel of 902.33333, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 869.0, a donchian channel low band of 869.0, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.

TREND: We calculated a Moving Average Convergence Divergence (MACD) of -0.24679, a MACD signal of -0.13711, a MACD difference of -0.10969, a fast Exponential Moving Average (EMA) indicator of 869.0, a slow Exponential Moving Average (EMA) indicator of 869.0, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 0.0259, a trix of -1.91151, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of -66.66667, a Detrended Price Oscillator (DPO) of 43.39, a KST Oscillator (KST) of -47.55642 and a KST Oscillator (KST Signal) of -47.55642 (leaving a KST difference of -3.01406). We also found an Ichimoku rating of 883.0, an Ichimoku B rating of 883.0, a Ichimoku visual trend A of 921.5925, an Ichimoku visual trend B of 896.525, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of -4.0.

MOMENTUM: We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 25.40062, a True Strength Index (TSI) of -100.0, an ultimate oscillator of -149.51121, a stochastic oscillator of 108.33333, a stochastic oscillator signal of 108.33333, a Williams %R rating of 8.33333 and an awesome oscillator of 0.06667.

RETURNS: There was a daily return of -4.75564, a daily log return of -1.2739 and a cumulative return of -1.26582.

What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2019-07-22 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for NICHICON CORPORATION (6996)…

For a more complete analysis, run all of this through the BTMA software. Also, to stay up to date with what is happening on NICHICON CORPORATION, we strongly advise NICHICON CORPORATION investors to subscribe to MarketBeat.com’s daily email newsletter for updates, news and analyst ratings on stocks like NICHICON CORPORATION – without this you are trading blind:

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DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling NICHICON CORPORATION (6996) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

Abigale Lormen

Abigale is a Masters in Business Administration by education. After completing her post-graduation, Abigale jumped the journalism bandwagon as a freelance journalist. Soon after that she landed a job of reporter and has been climbing the news industry ladder ever since to reach the post of editor at amarketreportsjournal.
Abigale Lormen

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