NMR Price Prediction Next Week
Technical Analysis: Based on the latest data, NMR is showing bullish momentum with RSI-14 at 62.81, indicating a strong upward trend but not yet overbought. The stock is trading above all major moving averages (SMA 5, 10, 20, 60, 200), suggesting a robust uptrend.
Price Levels and Fibonacci Analysis:
- Current Price: $6.76
- Resistance Levels: R1: $6.94, R2: $7.10, R3: $7.36
- Support Levels: S1: $6.41, S2: $6.25, S3: $5.98
- Fibonacci Pivot: $6.67
News Sentiment and Fundamental Factors: Recent news indicates positive momentum for NMR:
- Investment banking income increased by 14%
- Pretax profit from overseas nearly quadrupled to JPY 51.8 billion
- Domestic wealth management revenue grew 13% for eight consecutive quarters
- Fixed-income revenue climbed 35%
- Equity revenue gained 45%
Price Prediction for Next Week: Based on technical indicators and recent positive fundamentals, NMR is expected to test the first resistance level at $6.94. The stock shows strong momentum with all SMAs aligned in an upward trend, suggesting continued bullish movement.
Target Prices for Next Week:
- Bullish scenario (60% probability): $6.94-$7.10
- Neutral scenario (30% probability): $6.67-$6.94
- Bearish scenario (10% probability): $6.41-$6.67
Recommendation: BUY Entry point: Current market price ($6.76) Target: $6.94 (First resistance level) Stop loss: $6.41 (First support level)
The positive fundamental factors, combined with strong technical indicators, suggest a continued upward movement for NMR in the coming week.
NMR Similar Chart Price Prediction
The price of NMR is predicted to go up 18.75%, based on the high correlation periods with ATLO. The similarity of these two price pattern on the periods is 98.54%.
NMR
ATLO
Up: 18.75%Similarity: 98.54%
