Tokyo Stock Exchange ( Symbol: TYO )
Tickers analyzed: 3 755 | Updated: 2020-03-27 | Next Update: 2020-03-30
Today's Case: YAOKO CO.,LTD (8279)
8279.T Stock Forecast and Technical Analysis
Buy or Hold candidate since 2020-03-19 Gain 4.69% PDF
YAOKO CO.,LTD gained 4.69% in the last trading day ( Friday, 27th Mar 2020 ), rising from ¥6 400.00 to ¥6 700.00 , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 4.67% from a day low at ¥6 430.00 to a day high of ¥6 730.00. The price has risen in 6 of the last 10 days and is up by 17.75% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 33 400 more shares were traded than the day before. In total, 204 500 shares bought and sold for approximately ¥1 370.15 million.
8279.T Stock Price Summary
- 30 day high of the 8279.T stock price was ¥6 730.00 and low was ¥5 080.00.
- 90 day high was ¥6 730.00 and low was ¥5 080.00.
- 52 week high for YAOKO CO.,LTD - ¥6 730.00 and low - ¥4 610.00.
YAOKO CO.,LTD has broken the wide and weak rising the short-term trend up and an even stronger rising rate is indicated. For any reaction back there will now be support on the roof on the current trend broken at ¥6 444.95, a level that may pose a second chance to hit a runner. According to fan-theory ¥7 597.98 will be the next possible trend-top level and thereby pose a resistance level which may not be broken at the first attempt.
Only positive signals in the chart today. YAOKO CO.,LTD holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at ¥6 244.29 and ¥5 879.14. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday March 24, 2020, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
8279.T Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 67 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
8279.T Support & Resistance
YAOKO CO.,LTD finds support from accumulated volume at ¥6 400.00.
8279.T Stock Risk
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ¥300.00 between high and low, or 4.67%. For the last week, the stock has had a daily average volatility of 6.68%.
Our recommended stop-loss: ¥6 415.99 (-4.24%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 3 days ago.)
6.68 %Average volatility
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8279.T Stock Evaluation
Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rising rate. We conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate candidate.
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Top Fintech Company
featured in The Global Fintech Index 2020 as the top Fintech company of the country.