YAMADA CORPORATION Stock Forecast
Green day on Friday for YAMADA CORPORATION stock after gaining 1.18%
(Updated on May 31, 2024)
The YAMADA CORPORATION stock price gained 1.18% on the last trading day (Friday, 31st May 2024), rising from JP¥5,940.00 to JP¥6,010.00. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.502% from a day low at JP¥5,980.00 to a day high of JP¥6,010.00. The price has risen in 8 of the last 10 days and is up by 7.9% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 thousand more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately JP¥13.82 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect YAMADA CORPORATION stock with a 90% probability to be traded between JP¥5,483.12 and JP¥6,293.47 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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6392.T Signals & Forecast
The YAMADA CORPORATION 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¥5,781.43 and JP¥5,719.14. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, May 21, 2024, and so far it has risen 8.88%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for YAMADA CORPORATION stock
YAMADA CORPORATION finds support from accumulated volume at JP¥5,750.00 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¥30.00 between high and low, or 0.502%. For the last week, the stock has had daily average volatility of 1.63%.
Our recommended stop-loss: JP¥5,718.52 (-4.85%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (6392.T) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect YAMADA CORPORATION to open at JP¥6,000.00, and during the day (based on 14 day Average True Range), to move between JP¥5,861.34 and JP¥6,158.66, which gives a possible trading interval of +/-JP¥148.66 (+/-2.47%) up or down from last closing price. If YAMADA CORPORATION takes out the full calculated possible swing range there will be an estimated 4.95% 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¥6,060.00 (0.83%) than the support at JP¥5,750.00 (4.33%), 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 YAMADA CORPORATION stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for YAMADA CORPORATION stock to perform well in the short-term period.
Current score: 4.121 Buy Candidate Unchanged
Predicted Opening Price for YAMADA CORPORATION of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| JP¥6,000.00 ( 0.166%) | JP¥6,010.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6392.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6,030.00 | 0.333 % | |
| R2 | 6,018.54 | 0.142 % | ||
| R1 | 6,011.46 | 0.0243 % | ||
| Current price: | 6,010.00 | |||
| Support | S1 | 5,988.54 | -0.357 % | |
| S2 | 5,981.46 | -0.475 % | ||
| S3 | 5,970.00 | -0.666 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6,340.00 | 5.49 % | |
| R2 | 6,110.00 | 1.66 % | ||
| R1 | 6,060.00 | 0.83 % | ||
| Current price | 6,010.00 | |||
| Support | S1 | 5,750.00 | -4.33% | |
| S2 | 5,630.00 | -6.32% | ||
| S3 | 5,550.00 | -7.65% |
6392 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 | Mar 28, 2024 | JP¥0 | 0% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥84.00 | 2.95% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥46.00 | 1.81% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥60.00 | 2.33% |
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