Nintendo stock chart (NTDOY) – stock price levels to watch before buying in 2021

Nintendo recently released its financial results for fiscal year 2021, leaving a question on many investors’ minds. Should I buy the stock? This article is not investment advice, but rather will provide technical analysis data on multiple timeframe levels to watch on the NTDOY stock chart.

Nintendo’s global headquarters are located in Kyoto, Japan.

Nintendo Quarterly Stock Chart (NTDOY)

After trading inside the previous quarter's range, Nintendo shares may receive a sell signal below $68.13/share.
After trading inside the previous quarter’s range, Nintendo shares may receive a sell signal below $68.13/share.

Nintendo’s stock has had a tough first quarter of 2021. After failing to set a new all-time high above last year’s high of $82.55/share, NTDOY traded inside the price range from Q4 2020 to Q1 2021. A break today below the last quarter low of $68.13/share triggered a sell signal inside the quarter and downside. This would be an active sell signal through the end of June, so this is definitely an important price level to pay attention to. On the other hand, a break above $82.00/share would create a reversal strategy buy signal. That’s a long way from where the stock is currently trading, and the $68.13/share level was just broken several times during today’s session.


Nintendo Monthly Stock Chart (NTDOY)

After trading inside the previous month's range, NIntendo shares have an active sell signal below $70.01.
After trading inside the previous month’s range, NIntendo shares have an active sell signal below $70.01.

Shares of Nintendo (NTDOY) traded in the March 2021 range during the month of April, setting the stock up for another buy or sell signal. At the time of this article’s publication, shares were trading below the April 2021 low of $70.01/share, which means there is an active sell signal inside the month and at the decline. This active sell signal will be present until the end of May and could portend further difficulties in June.


Nintendo Weekly Stock Chart (NTDOY)

Nintendo shares broke an uptrend on the weekly chart earlier this year, and there is now an established downtrend to watch out for.
Nintendo shares broke an uptrend on the weekly chart earlier this year, and there is now an established downtrend to watch out for.

Many traders and chartists believe in horizontal support and resistance lines, which is cute, but here we pay attention to widening formations. Simply put, stocks trade in a series of up and down trends over different time frames. Based on the current downtrend, Nintendo (NTDOY) shares could easily fall below $65/share. The longer the selloff persists, the worse it can get, especially if the stock falls below the current weekly downtrend. With the current monthly and quarterly sell signals staring shareholders in the face, it’s likely that Nintendo shares could feel some pain for several weeks. The E3 2021 Nintendo Direct video presentation could be a catalyst for new sales or a background process depending on the news announced. It’s about a month away from today, so there may be no reason to rush to buy the stock right now.


Nintendo Daily Stock Chart (NTDOY)

NIntendo has a habit of breaking down when it falls below its 200-day moving average.
NIntendo has a habit of breaking down when it falls below its 200-day moving average.

I don’t place much value on moving averages, but some people still care about this looking back technical indicator. Interestingly, Nintendo broke below the 200-day exponential moving average of $69.52/share, which is just another piece of evidence supporting the thesis that the stock could suffer this year. Each time the stock has broken this trendline it has presented a great long-term buying opportunity, but many times the stock struggles for months before resuming any kind of upside move. It’s entirely possible that we’re in the very early days of a Nintendo stock decline, and most of these breaks in momentum end in capitulation selloffs where the stock plunges sharply. It’s unclear where Nintendo is headed, but a drop of $50 for NTDOY shares wouldn’t be so surprising.


Nintendo Annual Stock Chart (NTDOY)

Nintendo shares are still trading inside the massive 2020 price range.
Nintendo shares are still trading inside the massive 2020 price range.

Before anyone rushes out to shout how bearish Nintendo’s stock chart looks, please take a look at the yearly chart. NTDOY shares are still trading in the massive price range of 2020. After hitting an all-time high of $82.55/share last year, Nintendo shares only reached a high of $82/share in 2021 before selling out. Last year’s low of $35.82/share is a far cry from where the stock is currently trading, so it seems very likely that 2021 will be an indoor year for Nintendo shareholders. With such a range of prior years, there can still be plenty of frustrating and scary volatility with the stock still forming an inside bar. 2021 could therefore be a pause that refreshes Nintendo shares. NTDOY traded inside the 2018 price range in 2019 followed by an upside breakout in 2020. It is entirely possible that the stock is preparing for a repeat of this pattern with a bar lowered for expectations in 2022.


Tom Nook seen here with his diamond hands and big stacks of paper.
Tom Nook seen here with his diamond hands and big stacks of paper.

Ultimately, the decision to buy or sell Nintendo stock goes beyond technical analysis. In a stock market where 90% of trading volume is governed by algorithmic trading, it is important to pay attention to technical indicators. While Nintendo has a ton of catalysts ahead of them in the long term, the company provided a lukewarm full-year guidance earlier this month, and they’re facing very tough year-over-year comparisons. due to the massive sales success of Nintendo Switch units. and games like Animal Crossing: New Horizons in 2020.

This article is for educational purposes only and should not be considered investment advice. Please consider your own investment time horizon, risk tolerance and consult a financial adviser before acting on this information.

Stonk Market Expert

Karen J. Nelson