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Nitto Denko Corporation

6988.T•JPX
Basic Materials
Chemicals - Specialty
¥3087.00
¥99.50(3.33%)
Japanese Market opens in 54h 53m

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: 45.74)
Trend Strength:Weak (ADX: 19.73)
Volatility:Medium (ATR: 89.00)
Support/Resistance:$2848.22 – $3385.03 (Bollinger Bands)

This mix signals that Nitto Denko Corporation is trading in a balanced range with no clear breakout yet.

Momentum Indicators

RSI (14): 45.74

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 28.76

Bearish
Momentum remains weak below midpoint.

Williams %R: -55.49

Neutral
Balanced market without strong signals.

Rate of Change (ROC): -7.42

Strongly Bearish
Sharp downside momentum.

Takeaway:Nitto Denko Corporation shows weakening momentum, with sellers gaining the edge.

Trend & Volatility

MACD: -59.51

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 19.73

Weak
Weak trend, market trading sideways.

ATR (14): 89.00

Rising
Rising volatility, market activity increasing.

CCI (14): 13.92

Neutral
Neutral, no strong directional signal.

Takeaway:Nitto Denko Corporation shows a neutral trend, with weak conviction and limited volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
$3385.03
Middle Band (SMA 20)
$3116.62
Lower Band
$2848.22
Current Position
Within Bands

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

Keltner Channels
Upper Channel
$3264.59
Middle Line (EMA 20)
$3086.58
Lower Channel
$2908.58
Squeeze Status
No Squeeze

Takeaway:Nitto Denko Corporation trades around the middle line, reflecting balanced price action.

Volume & Money Flow Analysis
On-Balance Volume-26.18M
Money Flow Index45.85Neutral, balanced money flows with no clear signal.
Relative Vigor Index35.83Bearish, price momentum favors sellers.

Overall Takeaway:6988.T shows mixed signals in money flow analysis.

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

Bullish Signals

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:Technical indicators for Nitto Denko Corporation are mixed, suggesting a Hold or wait-and-see approach.

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