YGSOFT INC. Stock Forecast
YGSOFT INC. stock price ended at ¥5.10 on Wednesday, after gaining 3.87%.
(Updated on Apr 17, 2024)
The YGSOFT INC. stock price gained 3.87% on the last trading day (Wednesday, 17th Apr 2024), rising from ¥4.91 to ¥5.10. During the last trading day the stock fluctuated 3.41% from a day low at ¥4.98 to a day high of ¥5.15. The price has fallen in 7 of the last 10 days and is down by -8.77% for this period. Volume fell on the last day by -2 million shares and in total, 34 million shares were bought and sold for approximately ¥174.86 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.91% during the next 3 months and, with a 90% probability hold a price between ¥5.02 and ¥6.36 at the end of this 3-month period.
002063.SZ Signals & Forecast
Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The YGSOFT INC. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ¥5.11 and ¥5.45. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 20, 2024, and so far it has fallen -11.46%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for YGSOFT INC. stock
YGSOFT INC. finds support from accumulated volume at ¥4.91 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ¥0.170 between high and low, or 3.41%. For the last week, the stock has had daily average volatility of 6.21%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002063.SZ) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect YGSOFT INC. to open at ¥5.08, and during the day (based on 14 day Average True Range), to move between ¥4.83 and ¥5.37, which gives a possible trading interval of +/-¥0.273 (+/-5.35%) up or down from last closing price. If YGSOFT INC. takes out the full calculated possible swing range there will be an estimated 10.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥5.12 (0.39%) than the support at ¥4.91 (3.73%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is YGSOFT INC. stock A Buy?
The YGSOFT INC. stock holds several negative signals and despite the positive trend, we believe YGSOFT INC. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.275 Sell Candidate Unchanged
Predicted Opening Price for YGSOFT INC. of Thursday, April 18, 2024
Fair opening price April 18, 2024 | Current price |
---|---|
¥5.08 ( 0.458%) | ¥5.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002063.SZ
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 5.25 | 2.88 % | |
R2 | 5.18 | 1.60 % | ||
R1 | 5.14 | 0.82 % | ||
Current price: | 5.10 | |||
Support | S1 | 5.01 | -1.73 % | |
S2 | 4.97 | -2.52 % | ||
S3 | 4.91 | -3.79 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 5.64 | 10.59 % | |
R2 | 5.21 | 2.16 % | ||
R1 | 5.12 | 0.392 % | ||
Current price | 5.10 | |||
Support | S1 | 4.91 | -3.73% | |
S2 | 4.72 | -7.45% | ||
S3 | 4.31 | -15.49% |
002063 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jul 03, 2023 | Jul 03, 2023 | Jul 03, 2023 | ¥0.0500 | 0.709% |
2 | Jul 05, 2022 | Jul 05, 2022 | Jul 05, 2022 | ¥0.0500 | 0.95% |
3 | Jun 29, 2021 | Jun 29, 2021 | Jun 29, 2021 | ¥0.0350 | 0.627% |
4 | Jul 10, 2020 | Jul 10, 2020 | Jul 10, 2020 | ¥0.0382 | 0.592% |
5 | Jun 14, 2019 | Jun 14, 2019 | Jun 14, 2019 | ¥0.0263 | 0.747% |
FAQ
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