Why did 5658.T stock spike in volume today?

The spike came from a surge to **722900.00** shares, driven by sector rotation and value flows. Traders reacted to strong intraday momentum and a test of the year high at **¥406.00**. Confirming indicators included RSI **65.14** and ADX **28.75**.

What is Meyka AI's view on 5658.T stock price direction?

Meyka AI's model projects a monthly level of **¥405.17**, implying about **4.43%** upside from **¥388.00**. The forecast is model‑based and not guaranteed. Monitor earnings and cash flow updates for confirmation.

How does 5658.T stock compare on valuation metrics?

5658.T stock shows price to book **0.33** and dividend yield **2.58%**. The reported PE is **31.83**, higher than the Industrials average PE **18.09**, indicating a mixed valuation picture.

What short‑term trade setup works after the volume spike for 5658.T stock?

Short‑term traders can buy pullbacks toward **¥355.30**, place stops below **¥334.76**, and target **¥406.00**. Watch momentum indicators for signs of exhaustion given overbought readings.

JP Stocks

Volume spike lifts 5658.T stock Nichia Steel (JPX) 04 Feb 2026: resistance ¥406.00

ByHuzaifa Zahoor February 4, 2026

A large intraday volume surge pushed 5658.T stock higher on JPX on 04 Feb 2026. Nichia Steel Works, Ltd. traded at ¥388.00, up 7.18%, on a volume of 722900.00 shares versus an average 46690.00. The relative volume reached 15.48x, signalling outsized market attention during this intraday session. We examine price drivers, valuation, technicals, and what the volume spike means for near-term traders and longer-term investors in Japan.