YGSOFT INC. Stock Forecast
YGSOFT INC. stock upgraded from Hold/Accumulate to Buy Candidate after Monday trading session.
(Updated on Apr 29, 2024)
The YGSOFT INC. stock price gained 1.33% on the last trading day (Monday, 29th Apr 2024), rising from ¥5.27 to ¥5.34. During the last trading day the stock fluctuated 4.65% from a day low at ¥5.16 to a day high of ¥5.40. The price has been going up and down for this period, and there has been a 4.91% gain for the last 2 weeks. Volume fell on the last day by -5 million shares and in total, 40 million shares were bought and sold for approximately ¥212.09 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 3.34% during the next 3 months and, with a 90% probability hold a price between ¥4.64 and ¥6.04 at the end of this 3-month period.
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002063.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 8.76%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ¥5.36. On a fall, the stock will find some support from the short-term average at ¥5.14. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for YGSOFT INC. stock
YGSOFT INC. finds support from accumulated volume at ¥5.27 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 ¥0.240 between high and low, or 4.65%. For the last week, the stock has had daily average volatility of 3.35%.
Our recommended stop-loss: ¥5.15 (-3.47%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (002063.SZ) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect YGSOFT INC. to open at ¥5.30, and during the day (based on 14 day Average True Range), to move between ¥5.11 and ¥5.57, which gives a possible trading interval of +/-¥0.228 (+/-4.27%) up or down from last closing price. If YGSOFT INC. takes out the full calculated possible swing range there will be an estimated 8.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥5.27 (1.31%) than the resistance at ¥5.44 (1.87%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is YGSOFT INC. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for YGSOFT INC. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.714 Buy Candidate Upgraded
Predicted Opening Price for YGSOFT INC. of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| ¥5.30 ( 0.749%) | ¥5.34 |
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 | 5.54 | 3.75 % | |
| R2 | 5.45 | 2.03 % | ||
| R1 | 5.39 | 0.97 % | ||
| Current price: | 5.34 | |||
| Support | S1 | 5.21 | -2.47 % | |
| S2 | 5.15 | -3.53 % | ||
| S3 | 5.06 | -5.24 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.64 | 5.62 % | |
| R2 | 5.52 | 3.37 % | ||
| R1 | 5.44 | 1.87 % | ||
| Current price | 5.34 | |||
| Support | S1 | 5.27 | -1.31% | |
| S2 | 5.12 | -4.12% | ||
| S3 | 4.72 | -11.61% |
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% |
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