YUSHIN PRECISION EQUIPMENT CO.,LTD. Stock Forecast
Stronger technical forecast for YUSHIN PRECISION EQUIPMENT CO.,LTD. stock price after Tuesday trading.
(Updated on Jun 25, 2024)
The YUSHIN PRECISION EQUIPMENT CO.,LTD. stock price gained 4.22% on the last trading day (Tuesday, 25th Jun 2024), rising from JP¥734.00 to JP¥765.00. During the last trading day the stock fluctuated 3.66% from a day low at JP¥738.00 to a day high of JP¥765.00. The price has risen in 6 of the last 10 days and is up by 5.52% 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, 38 thousand more shares were traded than the day before. In total, 69 thousand shares were bought and sold for approximately JP¥52.63 million.
The stock has broken the narrow and weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at JP¥751.53, a level that may pose a second chance to hit a runner. According to fan-theory JP¥783.92 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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6482.T Signals & Forecast
Mostly positive signals in the chart today. The YUSHIN PRECISION EQUIPMENT 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¥733.14 and JP¥713.69. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 8.66%. 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 YUSHIN PRECISION EQUIPMENT CO.,LTD. stock
YUSHIN PRECISION EQUIPMENT CO.,LTD. finds support from accumulated volume at JP¥734.00 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¥27.00 between high and low, or 3.66%. For the last week the stock has had daily average volatility of 2.03%.
Our recommended stop-loss: JP¥724.81 (-5.25%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 22 days ago.)
Trading Expectations (6482.T) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect YUSHIN PRECISION EQUIPMENT CO.,LTD. to open at JP¥756.00, and during the day (based on 14 day Average True Range), to move between JP¥750.64 and JP¥779.36, which gives a possible trading interval of +/-JP¥14.36 (+/-1.88%) up or down from last closing price. If YUSHIN PRECISION EQUIPMENT CO.,LTD. takes out the full calculated possible swing range there will be an estimated 3.76% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥734.00, some JP¥31.00 (4.05%) from the current price of JP¥765.00, our system finds the risk reward attractive.
Is YUSHIN PRECISION EQUIPMENT CO.,LTD. stock A Buy?
YUSHIN PRECISION EQUIPMENT CO.,LTD. holds several positive signals and has broken the weak rising trend up. As the stock is also in great technical shape 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: 8.963 Strong Buy Candidate Upgraded
Predicted Opening Price for YUSHIN PRECISION EQUIPMENT CO.,LTD. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| JP¥756.00 ( 1.18%) | JP¥765.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6482.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 783.00 | 2.35% |
| R2 | 772.69 | 1.00% |
| R1 | 766.31 | 0.172% |
| Price | 765.00 | |
| S1 | 745.69 | -2.52% |
| S2 | 739.31 | -3.36% |
| S3 | 729.00 | -4.71% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 765.00 | |
| S1 | 734.00 | -4.05% |
| S2 | 701.00 | -8.37% |
| S3 | 693.00 | -9.41% |
6482 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 11, 2024 | JP¥10.00 | 1.38% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Dec 01, 2023 | JP¥10.00 | 1.49% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥10.00 | 1.34% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥10.00 | 1.41% |
FAQ
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