Yahoo Japan Corporation Stock Forecast
Yahoo Japan Corporation stock downgraded from Hold/Accumulate to Sell Candidate after Thursday trading session.
(Updated on Apr 25, 2024)
The Yahoo Japan Corporation stock price fell by -0.611% on the last day (Thursday, 25th Apr 2024) from JP¥376.30 to JP¥374.00. During the last trading day the stock fluctuated 1.58% from a day low at JP¥373.10 to a day high of JP¥379.00. The price has risen in 6 of the last 10 days and is up by 3.14% over the past 2 weeks. 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 -13 million shares and in total, 24 million shares were bought and sold for approximately JP¥9.11 billion.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at JP¥374.51 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -22.60% during the next 3 months and, with a 90% probability hold a price between JP¥254.62 and JP¥289.89 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.
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4689.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 10.10%. 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 Yahoo Japan Corporation stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥377.45. On a fall, the stock will find some support from the short-term average at JP¥356.93. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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 Yahoo Japan Corporation stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥349.00 and JP¥347.50. 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, Yahoo Japan Corporation finds support just below today's level at JP¥349.00. If this is broken, then the next support from accumulated volume will be at JP¥347.50 and JP¥339.70.
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¥5.90 between high and low, or 1.58%. For the last week, the stock has had daily average volatility of 2.25%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (4689.T) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Yahoo Japan Corporation to open at JP¥375.37, and during the day (based on 14 day Average True Range), to move between JP¥364.80 and JP¥383.20, which gives a possible trading interval of +/-JP¥9.20 (+/-2.46%) up or down from last closing price. If Yahoo Japan Corporation takes out the full calculated possible swing range there will be an estimated 4.92% 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¥376.30 (0.61%) than the support at JP¥349.00 (6.68%), 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 Yahoo Japan Corporation stock A Buy?
Yahoo Japan Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.090 Sell Candidate Downgraded
Predicted Opening Price for Yahoo Japan Corporation of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| JP¥375.37 ( 0.365%) | JP¥374.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4689.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 381.27 | 1.94 % | |
| R2 | 379.01 | 1.34 % | ||
| R1 | 377.62 | 0.97 % | ||
| Current price: | 374.00 | |||
| Support | S1 | 373.11 | -0.237 % | |
| S2 | 371.72 | -0.610 % | ||
| S3 | 369.47 | -1.21 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 433.30 | 15.86 % | |
| R2 | 390.30 | 4.36 % | ||
| R1 | 376.30 | 0.615 % | ||
| Current price | 374.00 | |||
| Support | S1 | 349.00 | -6.68% | |
| S2 | 347.50 | -7.09% | ||
| S3 | 339.70 | -9.17% |
4689 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥5.56 | 1.51% |
| 2 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥0.250 | 0.0460% |
| 3 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥5.56 | 0.99% |
| 4 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥8.86 | 2.57% |
| 5 | Mar 27, 2019 | Mar 27, 2019 | Mar 27, 2019 | JP¥8.86 | 3.31% |
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