ITOHAM YONEKYU HOLDINGS INC. Stock Forecast
ITOHAM YONEKYU HOLDINGS INC. stock price up 0.119% on Thursday
(Updated on May 16, 2024)
The ITOHAM YONEKYU HOLDINGS INC. stock price gained 0.119% on the last trading day (Thursday, 16th May 2024), rising from JP¥4,210.00 to JP¥4,215.00. During the last trading day the stock fluctuated 0.717% from a day low at JP¥4,185.00 to a day high of JP¥4,215.00. The price has risen in 6 of the last 10 days and is up by 2.43% over the past 2 weeks. Volume fell on the last day by -12 thousand shares and in total, 28 thousand shares were bought and sold for approximately JP¥116.33 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 is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect ITOHAM YONEKYU HOLDINGS INC. stock with a 90% probability to be traded between JP¥4,013.02 and JP¥4,401.49 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.
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2296.T Signals & Forecast
The ITOHAM YONEKYU HOLDINGS INC. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥4,280.00. On a fall, the stock will find some support from the long-term average at approximately JP¥4,132.71. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Friday, May 10, 2024, and so far it has fallen -3.55%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for ITOHAM YONEKYU HOLDINGS INC. stock
ITOHAM YONEKYU HOLDINGS INC. finds support from accumulated volume at JP¥4,145.00 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 0.717%. For the last week, the stock has had daily average volatility of 1.53%.
Our recommended stop-loss: JP¥4,030.59 (-4.38%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (2296.T) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect ITOHAM YONEKYU HOLDINGS INC. to open at JP¥4,205.00, and during the day (based on 14 day Average True Range), to move between JP¥4,148.05 and JP¥4,281.95, which gives a possible trading interval of +/-JP¥66.95 (+/-1.59%) up or down from last closing price. If ITOHAM YONEKYU HOLDINGS INC. takes out the full calculated possible swing range there will be an estimated 3.18% 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¥4,240.00 (0.59%) than the support at JP¥4,145.00 (1.66%), 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 ITOHAM YONEKYU HOLDINGS INC. stock A Buy?
ITOHAM YONEKYU HOLDINGS INC. 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: 0.048 Hold/Accumulate Unchanged
Predicted Opening Price for ITOHAM YONEKYU HOLDINGS INC. of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| JP¥4,205.00 ( 0.237%) | JP¥4,215.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2296.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,235.00 | 0.474 % | |
| R2 | 4,223.54 | 0.203 % | ||
| R1 | 4,216.46 | 0.0346 % | ||
| Current price: | 4,215.00 | |||
| Support | S1 | 4,193.54 | -0.509 % | |
| S2 | 4,186.46 | -0.677 % | ||
| S3 | 4,175.00 | -0.95 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,315.00 | 2.37 % | |
| R2 | 4,245.00 | 0.712 % | ||
| R1 | 4,240.00 | 0.593 % | ||
| Current price | 4,215.00 | |||
| Support | S1 | 4,145.00 | -1.66% | |
| S2 | 4,130.00 | -2.02% | ||
| S3 | 4,110.00 | -2.49% |
2296 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 | 0.683% |
| 3 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥23.00 | 0.698% |
| 4 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥17.00 | 0.455% |
| 5 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥17.00 | 0.519% |
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