YOMEISHU SEIZO CO.,LTD. Stock Forecast

YOMEISHU SEIZO CO.,LTD. stock price up 1.66% on Thursday
(Updated on May 09, 2024)

2540.T Signals & Forecast

The YOMEISHU SEIZO 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¥2,359.86 and JP¥2,104.54. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 8.29%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for YOMEISHU SEIZO CO.,LTD. stock

On the downside, the stock finds support just below today's level from accumulated volume at JP¥2,257.00 and JP¥2,153.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, YOMEISHU SEIZO CO.,LTD. finds support just below today's level at JP¥2,257.00. If this is broken, then the next support from accumulated volume will be at JP¥2,153.00 and JP¥2,069.00.

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¥70.00 between high and low, or 2.93%. For the last week, the stock has had daily average volatility of 2.65%.

Since the YOMEISHU SEIZO CO.,LTD. has been rising for 7 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stop-loss: JP¥2,369.70 (-3.04%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 7 days ago.)

Trading Expectations (2540.T) For The Upcoming Trading Day Of Friday 10th

For the upcoming trading day on Friday, 10th we expect YOMEISHU SEIZO CO.,LTD. to open at JP¥2,428.67, and during the day (based on 14 day Average True Range), to move between JP¥2,391.91 and JP¥2,496.09, which gives a possible trading interval of +/-JP¥52.09 (+/-2.13%) up or down from last closing price. If YOMEISHU SEIZO CO.,LTD. takes out the full calculated possible swing range there will be an estimated 4.26% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ JP¥2,257.00, some JP¥187.00 (7.65%) from the current price of JP¥2,444.00, our system finds the risk reward attractive.

Is YOMEISHU SEIZO CO.,LTD. stock A Buy?

YOMEISHU SEIZO CO.,LTD. holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

Current score: 7.188 Strong Buy Candidate Unchanged

Predicted Opening Price for YOMEISHU SEIZO CO.,LTD. of Friday, May 10, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.