YAMASHIN-FILTER CORP. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
YAMASHIN-FILTER CORP. stock downgraded from Strong Buy Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Jul 03, 2024)
The YAMASHIN-FILTER CORP. stock price fell by -1.83% on the last day (Wednesday, 3rd Jul 2024) from JP¥438.00 to JP¥430.00. During the last trading day the stock fluctuated 4.02% from a day low at JP¥423.00 to a day high of JP¥440.00. The price has been going up and down for this period, and there has been a 6.97% gain for the last 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 -410 thousand shares and in total, 545 thousand shares were bought and sold for approximately JP¥234.18 million.
The stock lies the upper part of a very 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¥437.08 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 -11.39% during the next 3 months and, with a 90% probability hold a price between JP¥289.66 and JP¥387.29 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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6240.T Signals & Forecast
The YAMASHIN-FILTER CORP. 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¥414.43 and JP¥378.23. 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 Tuesday, July 02, 2024, and so far it has fallen -1.83%. 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.
Support, Risk & Stop-loss for YAMASHIN-FILTER CORP. stock
YAMASHIN-FILTER CORP. finds support from accumulated volume at JP¥425.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved JP¥17.00 between high and low, or 4.02%. For the last week, the stock has had daily average volatility of 4.11%.
The YAMASHIN-FILTER CORP. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: JP¥414.84 (-3.53%) (This stock has high daily movements and this gives high risk. The RSI14 is 81 and this increases the risk substantially. There is a sell signal from a pivot top found 24 days ago.)
Trading Expectations (6240.T) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect YAMASHIN-FILTER CORP. to open at JP¥431.00, and during the day (based on 14 day Average True Range), to move between JP¥415.26 and JP¥444.74, which gives a possible trading interval of +/-JP¥14.74 (+/-3.43%) up or down from last closing price. If YAMASHIN-FILTER CORP. takes out the full calculated possible swing range there will be an estimated 6.86% 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¥425.00 (1.16%) than the resistance at JP¥438.00 (1.86%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is YAMASHIN-FILTER CORP. stock A Buy?
YAMASHIN-FILTER CORP. 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 Strong Buy to a Hold/Accumulate candidate.
Current score: -0.819 Hold/Accumulate Downgraded
Predicted Opening Price for YAMASHIN-FILTER CORP. of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| JP¥431.00 ( 0.233%) | JP¥430.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6240.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 448.00 | 4.19% |
| R2 | 441.51 | 2.68% |
| R1 | 437.49 | 1.74% |
| Price | 430.00 | |
| S1 | 424.51 | -1.28% |
| S2 | 420.49 | -2.21% |
| S3 | 414.00 | -3.72% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 461.00 | 7.21% |
| R2 | 446.00 | 3.72% |
| R1 | 438.00 | 1.86% |
| Price | 430.00 | |
| S1 | 425.00 | -1.16% |
| S2 | 402.00 | -6.51% |
| S3 | 353.00 | -17.91% |
6240 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Jun 27, 2024 | JP¥3.00 | 0.744% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Dec 01, 2023 | JP¥3.00 | 0.89% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥3.00 | 0.89% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥3.00 | 0.792% |
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