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Nitto Denko Corporation

6988.T•JPX
Basic Materials
Chemicals - Specialty
¥3265.00
¥-38.00(-1.15%)
Japanese Market opens in 13h 42m

Nitto Denko Corporation (6988.T) Stock Technical Analysis & Trading Signals

Live technical indicators, trading signals, and momentum insights for Nitto Denko Corporation (JPX:6988.T).

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

6988.T Technical Analysis Summary

Nitto Denko Corporation stock currently trades in a neutral range, with no clear dominance from buyers or sellers.

Overall Sentiment:Neutral
Momentum:Neutral to Bearish (RSI: 40.20)
Trend Strength:Moderate (ADX: 23.34)
Volatility:Medium (ATR: 119.00)
Support/Resistance:$3179.74 – $3774.46 (Bollinger Bands)

Technical conditions suggest Nitto Denko Corporation is consolidating, awaiting a decisive move.

Momentum Indicators

RSI (14): 40.20

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 40.04

Neutral
Mid-range signal with no clear trend.

Williams %R: -61.33

Bearish
Sellers maintain momentum below neutral.

Rate of Change (ROC): -8.91

Strongly Bearish
Sharp downside momentum.

Takeaway:Nitto Denko Corporation shows neutral momentum, with indicators pointing to indecision.

Trend & Volatility

MACD: -82.60

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 23.34

Moderate
Moderate trend, direction gaining strength.

ATR (14): 119.00

Rising
Rising volatility, market activity increasing.

CCI (14): -61.65

Bearish
Bearish, momentum remains under pressure.

Takeaway:Nitto Denko Corporation shows weakening trend signals, with bearish pressure building.

Support & Resistance indicators
Bollinger Bands
Upper Band
$3774.46
Middle Band (SMA 20)
$3477.10
Lower Band
$3179.74
Current Position
Within Bands

Takeaway:Nitto Denko Corporation trades closer to support, showing weaker momentum within bands.

Keltner Channels
Upper Channel
$3667.29
Middle Line (EMA 20)
$3429.28
Lower Channel
$3191.28
Squeeze Status
No Squeeze

Takeaway:Nitto Denko Corporation trades below the trend line, showing weaker momentum inside the channel.

Volume & Money Flow Analysis
On-Balance Volume-18.15M
Money Flow Index38.59Bearish, selling pressure outweighs inflows.
Relative Vigor Index45.62Neutral to Bearish, sellers hold a slight edge.

Overall Takeaway:6988.T shows bearish money flow, with sellers dominating volume and vigor.

Technical Trading Signals Summary
Based on the current technical analysis of Nitto Denko Corporation, here are the key trading signals and recommendations:

Bullish Signals

ADX above 20 → strong underlying trend.

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

MACD below signal line → short-term caution on momentum.

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Nitto Denko Corporation shows a Bearish signal — selling pressure is building, with trend indicators favoring downside.

Technical Analysis FAQ