The Yokohama Rubber Company,Limited Stock Forecast
Red day on Tuesday for The Yokohama Rubber Company,Limited stock after losing 0.694%
(Updated on May 21, 2024)
The The Yokohama Rubber Company,Limited stock price fell by -0.694% on the last day (Tuesday, 21st May 2024) from JP¥4,177.00 to JP¥4,148.00. During the last trading day the stock fluctuated 1.79% from a day low at JP¥4,123.00 to a day high of JP¥4,197.00. The price has fallen in 6 of the last 10 days but is still up by 4.04% 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 -105 thousand shares and in total, 352 thousand shares were bought and sold for approximately JP¥1.46 billion.
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 2.94% during the next 3 months and, with a 90% probability hold a price between JP¥3,961.46 and JP¥4,384.25 at the end of this 3-month period.
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5101.T Signals & Forecast
The The Yokohama Rubber Company,Limited 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¥4,107.57 and JP¥4,009.80. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -0.694%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
A sell signal from a double top formation was found on Monday, May 20, 2024 and based on theory for this formation the price should fall by -6.34% to JP¥3,885.21 within 38 trading days since signal was issued (Wednesday, May 22, 2024).
Support, Risk & Stop-loss for The Yokohama Rubber Company,Limited stock
The Yokohama Rubber Company,Limited finds support from accumulated volume at JP¥4,080.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved JP¥74.00 between high and low, or 1.79%. For the last week the stock has had daily average volatility of 3.65%.
Our recommended stop-loss: JP¥3,983.46 (-3.97%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 32 days ago.)
Trading Expectations (5101.T) For The Upcoming Trading Day Of Wednesday 22nd
For the upcoming trading day on Wednesday, 22nd we expect The Yokohama Rubber Company,Limited to open at JP¥4,156.00, and during the day (based on 14 day Average True Range), to move between JP¥4,022.36 and JP¥4,273.64, which gives a possible trading interval of +/-JP¥125.64 (+/-3.03%) up or down from last closing price. If The Yokohama Rubber Company,Limited takes out the full calculated possible swing range there will be an estimated 6.06% 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¥4,149.00 (0.02%) than the support at JP¥4,080.00 (1.64%), 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 The Yokohama Rubber Company,Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for The Yokohama Rubber Company,Limited stock to perform well in the short-term.
Current score: 3.243 Buy Candidate Unchanged
Predicted Opening Price for The Yokohama Rubber Company,Limited of Wednesday, May 22, 2024
| Fair opening price May 22, 2024 | Current price |
|---|---|
| JP¥4,156.00 ( 0.193%) | JP¥4,148.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 5101.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,230.00 | 1.98 % | |
| R2 | 4,201.73 | 1.30 % | ||
| R1 | 4,184.27 | 0.87 % | ||
| Current price: | 4,148.00 | |||
| Support | S1 | 4,127.73 | -0.489 % | |
| S2 | 4,110.27 | -0.91 % | ||
| S3 | 4,082.00 | -1.59 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 4,177.00 | 0.699 % | ||
| R1 | 4,149.00 | 0.0241 % | ||
| Current price | 4,148.00 | |||
| Support | S1 | 4,080.00 | -1.64% | |
| S2 | 3,954.00 | -4.68% | ||
| S3 | 3,899.00 | -6.00% |
5101 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¥33.00 | 1.04% |
| 3 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥33.00 | 1.60% |
| 4 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥33.00 | 1.81% |
| 5 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥33.00 | 1.80% |
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