YUKEN KOGYO CO.,LTD. Stock Forecast
YUKEN KOGYO CO.,LTD. stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on May 10, 2024)
The YUKEN KOGYO CO.,LTD. stock price gained 0.81% on the last trading day (Friday, 10th May 2024), rising from JP¥2,227.00 to JP¥2,245.00. During the last trading day the stock fluctuated 1.08% from a day low at JP¥2,222.00 to a day high of JP¥2,246.00. The price has risen in 6 of the last 10 days and is up by 0.99% 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, 500 more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately JP¥4.94 million.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -9.20% during the next 3 months and, with a 90% probability hold a price between JP¥1,944.56 and JP¥2,117.34 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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6393.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 3.46%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The YUKEN KOGYO CO.,LTD. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥2,274.40. On a fall, the stock will find some support from the short-term average at JP¥2,223.71. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for YUKEN KOGYO CO.,LTD. stock
YUKEN KOGYO CO.,LTD. finds support from accumulated volume at JP¥2,223.00 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¥24.00 between high and low, or 1.08%. For the last week the stock has had daily average volatility of 1.12%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (6393.T) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect YUKEN KOGYO CO.,LTD. to open at JP¥2,237.67, and during the day (based on 14 day Average True Range), to move between JP¥2,207.19 and JP¥2,282.81, which gives a possible trading interval of +/-JP¥37.81 (+/-1.68%) 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 3.37% 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¥2,250.00 (0.22%) than the support at JP¥2,223.00 (0.98%), 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.
Earnings coming up
YUKEN KOGYO CO.,LTD. will release earnings BMO on Wednesday, May 15, 2024. We will update the financials statements for YUKEN KOGYO CO.,LTD., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.36% in the first trading day after earnings release.
Is YUKEN KOGYO CO.,LTD. stock A Buy?
YUKEN KOGYO CO.,LTD. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.387 Sell Candidate Downgraded
Predicted Opening Price for YUKEN KOGYO CO.,LTD. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| JP¥2,237.67 ( 0.327%) | JP¥2,245.00 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 2,261.67 | 0.742 % | |
| R2 | 2,252.50 | 0.334 % | ||
| R1 | 2,246.83 | 0.0817 % | ||
| Current price: | 2,245.00 | |||
| Support | S1 | 2,228.50 | -0.735 % | |
| S2 | 2,222.83 | -0.99 % | ||
| S3 | 2,213.67 | -1.40 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,435.00 | 8.46 % | |
| R2 | 2,403.00 | 7.04 % | ||
| R1 | 2,250.00 | 0.223 % | ||
| Current price | 2,245.00 | |||
| Support | S1 | 2,223.00 | -0.98% | |
| S2 | 2,189.00 | -2.49% | ||
| S3 | 2,170.00 | -3.34% |
6393 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥20.00 | 1.03% |
| 2 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥10.00 | 0.569% |
| 3 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥80.00 | 4.60% |
| 4 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥80.00 | 5.56% |
| 5 | Mar 27, 2019 | Mar 27, 2019 | Mar 27, 2019 | JP¥80.00 | 4.63% |
FAQ
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