YAMAZAKI BAKING CO.,LTD. Stock Forecast
Green day on Thursday for YAMAZAKI BAKING CO.,LTD.
(Updated on May 02, 2024)
The YAMAZAKI BAKING CO.,LTD. stock price gained 2.86% on the last trading day (Thursday, 2nd May 2024), rising from JP¥3,675.00 to JP¥3,780.00. During the last trading day the stock fluctuated 2.22% from a day low at JP¥3,742.00 to a day high of JP¥3,825.00. The price has risen in 6 of the last 10 days and is up by 4.91% over the past 2 weeks. Volume fell on the last day by -212 thousand shares and in total, 1 million shares were bought and sold for approximately JP¥5.23 billion. 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 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 3.80% during the next 3 months and, with a 90% probability hold a price between JP¥3,766.94 and JP¥4,371.77 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
2212.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 4.91%. 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 YAMAZAKI BAKING CO.,LTD. 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¥3,789.00 and JP¥3,836.17. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for YAMAZAKI BAKING CO.,LTD. stock
YAMAZAKI BAKING CO.,LTD. finds support from accumulated volume at JP¥3,675.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥83.00 (2.22%) between high and low. For the last week, the stock has had daily average volatility of 4.62%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (2212.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect YAMAZAKI BAKING CO.,LTD. to open at JP¥3,782.33, and during the day (based on 14 day Average True Range), to move between JP¥3,642.73 and JP¥3,917.27, which gives a possible trading interval of +/-JP¥137.27 (+/-3.63%) up or down from last closing price. If YAMAZAKI BAKING CO.,LTD. takes out the full calculated possible swing range there will be an estimated 7.26% 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¥3,813.00 (0.87%) than the support at JP¥3,675.00 (2.78%), 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 YAMAZAKI BAKING CO.,LTD. stock A Buy?
The YAMAZAKI BAKING CO.,LTD. stock holds several negative signals and despite the positive trend, we believe YAMAZAKI BAKING CO.,LTD. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.598 Sell Candidate Unchanged
Predicted Opening Price for YAMAZAKI BAKING CO.,LTD. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥3,782.33 ( 0.0617%) | JP¥3,780.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2212.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,865.33 | 2.26 % | |
| R2 | 3,833.63 | 1.42 % | ||
| R1 | 3,814.04 | 0.90 % | ||
| Current price: | 3,780.00 | |||
| Support | S1 | 3,750.63 | -0.777 % | |
| S2 | 3,731.04 | -1.30 % | ||
| S3 | 3,699.33 | -2.13 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,076.00 | 7.83 % | |
| R2 | 3,821.00 | 1.08 % | ||
| R1 | 3,813.00 | 0.87 % | ||
| Current price | 3,780.00 | |||
| Support | S1 | 3,675.00 | -2.78% | |
| S2 | 3,663.00 | -3.10% | ||
| S3 | 3,525.00 | -6.75% |
2212 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2024 | Dec 27, 2024 | Dec 27, 2024 | JP¥0 | 0% |
| 2 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥22.00 | 1.37% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥22.00 | 1.42% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | JP¥22.00 | 1.25% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | JP¥20.00 | 1.02% |
FAQ
Click here for our free guide on how to buy YAMAZAKI BAKING CO.,LTD. Stock.
