Yokota Manufacturing Co., Ltd. Stock Forecast
Yokota Manufacturing Co., Ltd. stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 31, 2024)
The Yokota Manufacturing Co., Ltd. stock price gained 1.42% on the last trading day (Friday, 31st May 2024), rising from JP¥1,336.00 to JP¥1,355.00. During the last trading day the stock fluctuated 0% from a day low at JP¥1,355.00 to a day high of JP¥1,355.00. The price has fallen in 5 of the last 10 days but is still up by 0.74% over the past 2 weeks. Volume fell on the last day by -4 thousand shares and in total, 100 shares were bought and sold for approximately JP¥135.50 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Yokota Manufacturing Co., Ltd. stock with a 90% probability to be traded between JP¥1,281.07 and JP¥1,377.44 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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6248.T Signals & Forecast
The Yokota Manufacturing 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¥1,344.57 and JP¥1,336.63. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 15, 2024, and so far it has risen 4.96%. 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. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Yokota Manufacturing Co., Ltd. stock
Yokota Manufacturing Co., Ltd. finds support from accumulated volume at JP¥1,332.00 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved JP¥0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.748%
Our recommended stop-loss: JP¥1,313.27 (-3.08%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 46 days ago.)
Trading Expectations (6248.T) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Yokota Manufacturing Co., Ltd. to open at JP¥1,355.00, and during the day (based on 14 day Average True Range), to move between JP¥1,336.23 and JP¥1,373.77, which gives a possible trading interval of +/-JP¥18.77 (+/-1.39%) up or down from last closing price. If Yokota Manufacturing Co., Ltd. takes out the full calculated possible swing range there will be an estimated 2.77% 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¥1,366.00 (0.81%) than the support at JP¥1,332.00 (1.70%), 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 Yokota Manufacturing Co., Ltd. stock A Buy?
Yokota Manufacturing Co., Ltd. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.842 Hold/Accumulate Upgraded
Predicted Opening Price for Yokota Manufacturing Co., Ltd. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| JP¥1,355.00 ( 0%) | JP¥1,355.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6248.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,355.00 | . | |
| R2 | 1,355.00 | . | ||
| R1 | 1,355.00 | . | ||
| Current price: | 1,355.00 | |||
| Support | S1 | 1,355.00 | . | |
| S2 | 1,355.00 | . | ||
| S3 | 1,355.00 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,393.00 | 2.80 % | |
| R2 | 1,378.00 | 1.70 % | ||
| R1 | 1,366.00 | 0.81 % | ||
| Current price | 1,355.00 | |||
| Support | S1 | 1,332.00 | -1.70% | |
| S2 | 1,306.00 | -3.62% | ||
| S3 | 1,304.00 | -3.76% |
6248 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2025 | Mar 28, 2025 | Mar 28, 2025 | JP¥0 | 0% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥7.00 | 0.647% |
| 3 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥43.00 | 3.96% |
| 4 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥43.00 | 3.48% |
| 5 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥40.00 | 4.50% |
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