Yamami Company Stock Forecast
Weaker technical forecast for Yamami Company as stock downgraded to Hold/Accumulate.
(Updated on May 01, 2024)
The Yamami Company stock price fell by -4.41% on the last day (Wednesday, 1st May 2024) from JP¥3,625.00 to JP¥3,465.00. During the last trading day the stock fluctuated 3.77% from a day low at JP¥3,450.00 to a day high of JP¥3,580.00. The price has fallen in 5 of the last 10 days and is down by -1% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 thousand shares and in total, 43 thousand shares were bought and sold for approximately JP¥147.96 million.
The stock lies in the middle of a wide and 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 -12.77% during the next 3 months and, with a 90% probability hold a price between JP¥2,752.30 and JP¥3,422.30 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
2820.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 03, 2024, and so far it has risen 3.74%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Yamami Company stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at JP¥3,596.43 and JP¥3,545.86. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Yamami Company stock
Yamami Company finds support from accumulated volume at JP¥3,440.00 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¥130.00 between high and low, or 3.77%. For the last week, the stock has had daily average volatility of 2.92%.
Our recommended stop-loss: JP¥3,261.77 (-5.87%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 19 days ago.)
Trading Expectations (2820.T) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Yamami Company to open at JP¥3,498.33, and during the day (based on 14 day Average True Range), to move between JP¥3,327.73 and JP¥3,602.27, which gives a possible trading interval of +/-JP¥137.27 (+/-3.96%) up or down from last closing price. If Yamami Company takes out the full calculated possible swing range there will be an estimated 7.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at JP¥3,440.00 (0.72%) than the resistance at JP¥3,895.00 (12.41%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Yamami Company will release earnings BMO on Thursday, May 09, 2024. We will update the financials statements for Yamami Company, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.57% in the first trading day after earnings release.
Is Yamami Company stock A Buy?
Yamami Company 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.871 Hold/Accumulate Downgraded
Predicted Opening Price for Yamami Company of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| JP¥3,498.33 ( 0.96%) | JP¥3,465.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2820.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,628.33 | 4.71 % | |
| R2 | 3,578.67 | 3.28 % | ||
| R1 | 3,547.99 | 2.40 % | ||
| Current price: | 3,465.00 | |||
| Support | S1 | 3,448.67 | -0.471 % | |
| S2 | 3,417.99 | -1.36 % | ||
| S3 | 3,368.33 | -2.79 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,165.00 | 20.20 % | |
| R2 | 3,910.00 | 12.84 % | ||
| R1 | 3,895.00 | 12.41 % | ||
| Current price | 3,465.00 | |||
| Support | S1 | 3,440.00 | -0.722% | |
| S2 | 3,365.00 | -2.89% | ||
| S3 | 3,340.00 | -3.61% |
2820 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Jun 27, 2024 | JP¥0 | 0% |
| 2 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥18.00 | 1.36% |
| 3 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥14.00 | 1.06% |
| 4 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥13.00 | 0.741% |
| 5 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥13.00 | 0.696% |
FAQ
Click here for our free guide on how to buy Yamami Company Stock.
