YAMAURA CORPORATION Stock Forecast
Weaker technical forecast for YAMAURA CORPORATION as stock downgraded to Sell Candidate.
(Updated on Jun 17, 2024)
The YAMAURA CORPORATION stock price fell by -3.48% on the last day (Monday, 17th Jun 2024) from JP¥1,321.00 to JP¥1,275.00. During the last trading day the stock fluctuated 3.37% from a day low at JP¥1,275.00 to a day high of JP¥1,318.00. The price has fallen in 7 of the last 10 days and is down by -2.52% for this period. Volume has increased on the last day by 3 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 33 thousand shares were bought and sold for approximately JP¥42.08 million.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -14.56% during the next 3 months and, with a 90% probability hold a price between JP¥1,020.23 and JP¥1,117.87 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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1780.T Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The YAMAURA CORPORATION 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 JP¥1,306.29 and JP¥1,326.91. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 11, 2024, and so far it has fallen -3.63%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for YAMAURA CORPORATION stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved JP¥43.00 between high and low, or 3.37%. For the last week the stock has had daily average volatility of 1.95%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1780.T) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect YAMAURA CORPORATION to open at JP¥1,289.33, and during the day (based on 14 day Average True Range), to move between JP¥1,249.20 and JP¥1,300.80, which gives a possible trading interval of +/-JP¥25.80 (+/-2.02%) up or down from last closing price. If YAMAURA CORPORATION takes out the full calculated possible swing range there will be an estimated 4.05% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ JP¥1,445.00, some JP¥170.00 (13.33%) from the current price of JP¥1,275.00, our system finds the risk reward not very attractive.
Is YAMAURA CORPORATION stock A Buy?
YAMAURA CORPORATION holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.285 Sell Candidate Downgraded
Predicted Opening Price for YAMAURA CORPORATION of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| JP¥1,289.33 ( 1.12%) | JP¥1,275.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1780.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,332.33 | 4.50% |
| R2 | 1,315.91 | 3.21% |
| R1 | 1,305.76 | 2.41% |
| Price | 1,275.00 | |
| S1 | 1,272.91 | -0.164% |
| S2 | 1,262.76 | -0.96% |
| S3 | 1,246.33 | -2.25% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,520.00 | 19.22% |
| R2 | 1,509.00 | 18.35% |
| R1 | 1,445.00 | 13.33% |
| Price | 1,275.00 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
1780 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Jun 28, 2024 | JP¥2.50 | 0.196% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Dec 06, 2023 | JP¥2.50 | 0.171% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥2.50 | 0.229% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥2.50 | 0.257% |
FAQ
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