YAHAGI CONSTRUCTION CO.,LTD. Stock Forecast
Green day on Friday for YAHAGI CONSTRUCTION CO.,LTD. stock after gaining 2.09%
(Updated on May 31, 2024)
The YAHAGI CONSTRUCTION CO.,LTD. stock price gained 2.09% on the last trading day (Friday, 31st May 2024), rising from JP¥1,534.00 to JP¥1,566.00. During the last trading day the stock fluctuated 1.95% from a day low at JP¥1,536.00 to a day high of JP¥1,566.00. The price has been going up and down for this period, and there has been a 1.29% gain for the last 2 weeks. Volume fell on the last day by -41 thousand shares and in total, 33 thousand shares were bought and sold for approximately JP¥51.99 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 stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at JP¥1,581.10 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect YAHAGI CONSTRUCTION CO.,LTD. stock with a 90% probability to be traded between JP¥1,372.49 and JP¥1,561.98 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners. 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
1870.T Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -1.14%. 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). The YAHAGI CONSTRUCTION CO.,LTD. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 JP¥1,549.86 and JP¥1,492.94. A breakdown below any of these levels will issue sell signals. 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.
Support, Risk & Stop-loss for YAHAGI CONSTRUCTION CO.,LTD. stock
YAHAGI CONSTRUCTION CO.,LTD. finds support from accumulated volume at JP¥1,551.00 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 JP¥30.00 between high and low, or 1.95%. For the last week, the stock has had daily average volatility of 1.70%.
Our recommended stop-loss: JP¥1,510.58 (-3.54%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 27 days ago.)
Trading Expectations (1870.T) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect YAHAGI CONSTRUCTION CO.,LTD. to open at JP¥1,556.00, and during the day (based on 14 day Average True Range), to move between JP¥1,532.54 and JP¥1,599.46, which gives a possible trading interval of +/-JP¥33.46 (+/-2.14%) up or down from last closing price. If YAHAGI CONSTRUCTION CO.,LTD. takes out the full calculated possible swing range there will be an estimated 4.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at JP¥1,575.00 (0.57%) than the support at JP¥1,551.00 (0.96%), 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 YAHAGI CONSTRUCTION CO.,LTD. stock A Buy?
YAHAGI CONSTRUCTION CO.,LTD. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.161 Hold/Accumulate Unchanged
Predicted Opening Price for YAHAGI CONSTRUCTION CO.,LTD. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| JP¥1,556.00 ( 0.639%) | JP¥1,566.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1870.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,586.00 | 1.28 % | |
| R2 | 1,574.54 | 0.545 % | ||
| R1 | 1,567.46 | 0.0932 % | ||
| Current price: | 1,566.00 | |||
| Support | S1 | 1,544.54 | -1.37 % | |
| S2 | 1,537.46 | -1.82 % | ||
| S3 | 1,526.00 | -2.55 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,603.00 | 2.36 % | |
| R2 | 1,579.00 | 0.83 % | ||
| R1 | 1,575.00 | 0.575 % | ||
| Current price | 1,566.00 | |||
| Support | S1 | 1,551.00 | -0.96% | |
| S2 | 1,540.00 | -1.66% | ||
| S3 | 1,501.00 | -4.15% |
1870 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥24.00 | 2.86% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥19.00 | 2.52% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥21.00 | 2.64% |
| 5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥17.00 | 2.10% |
FAQ
Click here for our free guide on how to buy YAHAGI CONSTRUCTION CO.,LTD. Stock.
