YA-MAN LTD. Stock Forecast

YA-MAN LTD. stock price ended at JP¥905.00 on Friday, after losing 0%.
(Updated on May 10, 2024)

6630.T Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, May 09, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The YA-MAN LTD. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at JP¥916.43 and JP¥969.46. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.

Support, Risk & Stop-loss for YA-MAN LTD. stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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¥12.00 between high and low, or 1.33%. For the last week, the stock has had daily average volatility of 1.85%.

YA-MAN LTD. is oversold on RSI14 (18). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (6630.T) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect YA-MAN LTD. to open at JP¥908.33, and during the day (based on 14 day Average True Range), to move between JP¥888.38 and JP¥921.62, which gives a possible trading interval of +/-JP¥16.62 (+/-1.84%) up or down from last closing price. If YA-MAN LTD. takes out the full calculated possible swing range there will be an estimated 3.67% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ JP¥979.00, some JP¥74.00 (8.18%) from the current price of JP¥905.00, our system finds the risk reward not very attractive.

Is YA-MAN LTD. stock A Buy?

YA-MAN LTD. holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -2.131 Sell Candidate Unchanged

Predicted Opening Price for YA-MAN LTD. of Monday, May 13, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.