YUKEN KOGYO CO.,LTD. Stock Forecast
YUKEN KOGYO CO.,LTD. stock upgraded from Buy Candidate to Strong Buy Candidate after Tuesday trading session.
(Updated on Jul 02, 2024)
The YUKEN KOGYO CO.,LTD. stock price gained 1.29% on the last trading day (Tuesday, 2nd Jul 2024), rising from JP¥2,404.00 to JP¥2,435.00. During the last trading day the stock fluctuated 1.29% from a day low at JP¥2,404.00 to a day high of JP¥2,435.00. The price has been going up and down for this period, and there has been a 3% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 900 more shares were traded than the day before. In total, 7 thousand shares were bought and sold for approximately JP¥16.56 million.
The stock lies in the upper part of a weak rising 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¥2,462.44 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 8.82% during the next 3 months and, with a 90% probability hold a price between JP¥2,518.06 and JP¥2,679.63 at the end of this 3-month period.
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6393.T Signals & Forecast
Mostly positive signals in the chart today. The YUKEN KOGYO 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¥2,400.43 and JP¥2,364.14. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 5.59%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for YUKEN KOGYO CO.,LTD. stock
YUKEN KOGYO CO.,LTD. finds support from accumulated volume at JP¥2,371.00 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¥31.00 between high and low, or 1.29%. For the last week the stock has had daily average volatility of 0.92%.
Our recommended stop-loss: JP¥2,296.21 (-5.70%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (6393.T) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect YUKEN KOGYO CO.,LTD. to open at JP¥2,424.67, and during the day (based on 14 day Average True Range), to move between JP¥2,402.28 and JP¥2,467.72, which gives a possible trading interval of +/-JP¥32.72 (+/-1.34%) up or down from last closing price. If YUKEN KOGYO CO.,LTD. takes out the full calculated possible swing range there will be an estimated 2.69% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥2,371.00, some JP¥64.00 (2.63%) from the current price of JP¥2,435.00, our system finds the risk reward attractive.
Is YUKEN KOGYO CO.,LTD. stock A Buy?
YUKEN KOGYO CO.,LTD. holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 7.120 Strong Buy Candidate Upgraded
Predicted Opening Price for YUKEN KOGYO CO.,LTD. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| JP¥2,424.67 ( 0.424%) | JP¥2,435.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6393.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,455.67 | 0.85% |
| R2 | 2,443.82 | 0.362% |
| R1 | 2,436.51 | 0.0620% |
| Price | 2,435.00 | |
| S1 | 2,412.82 | -0.91% |
| S2 | 2,405.51 | -1.21% |
| S3 | 2,393.67 | -1.70% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 2,435.00 | |
| S1 | 2,371.00 | -2.63% |
| S2 | 2,286.00 | -6.12% |
| S3 | 2,170.00 | -10.88% |
6393 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2025 | Mar 28, 2025 | Mar 28, 2025 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Jun 28, 2024 | JP¥100.00 | 4.18% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥20.00 | 1.03% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥10.00 | 0.569% |
| 5 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥80.00 | 4.60% |
FAQ
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