YA-MAN LTD. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Thursday for YA-MAN LTD. stock after gaining 0.424%
(Updated on Jun 06, 2024)
The YA-MAN LTD. stock price gained 0.424% on the last trading day (Thursday, 6th Jun 2024), rising from JP¥943.00 to JP¥947.00. During the last trading day the stock fluctuated 1.38% from a day low at JP¥939.00 to a day high of JP¥952.00. The price has been going up and down for this period, and there has been a -1.46% loss for the last 2 weeks. Volume fell on the last day by -3 thousand shares and in total, 67 thousand shares were bought and sold for approximately JP¥63.73 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies the upper part of a falling 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¥949.27 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -7.01% during the next 3 months and, with a 90% probability hold a price between JP¥819.76 and JP¥882.74 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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6630.T Signals & Forecast
The YA-MAN LTD. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at JP¥938.57 and JP¥946.03. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, May 23, 2024, and so far it has fallen -1.46%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Tuesday, June 04, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Tuesday, June 04, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for YA-MAN LTD. stock
YA-MAN LTD. finds support from accumulated volume at JP¥945.00 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¥13.00 between high and low, or 1.38%. For the last week the stock has had daily average volatility of 1.59%.
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 Friday 7th
For the upcoming trading day on Friday, 7th we expect YA-MAN LTD. to open at JP¥946.00, and during the day (based on 14 day Average True Range), to move between JP¥928.97 and JP¥965.03, which gives a possible trading interval of +/-JP¥18.03 (+/-1.90%) up or down from last closing price. If YA-MAN LTD. takes out the full calculated possible swing range there will be an estimated 3.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at JP¥945.00 (0.21%) than the resistance at JP¥979.00 (3.38%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is YA-MAN LTD. stock A Buy?
YA-MAN 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.
Current score: -1.866 Sell Candidate Unchanged
Predicted Opening Price for YA-MAN LTD. of Friday, June 7, 2024
| Fair opening price June 7, 2024 | Current price |
|---|---|
| JP¥946.00 ( 0.106%) | JP¥947.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6630.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 959.00 | 1.27% |
| R2 | 954.03 | 0.743% |
| R1 | 950.97 | 0.419% |
| Price | 947.00 | |
| S1 | 941.03 | -0.630% |
| S2 | 937.97 | -0.95% |
| S3 | 933.00 | -1.48% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 997.00 | 5.28% |
| R2 | 983.00 | 3.80% |
| R1 | 979.00 | 3.38% |
| Price | 947.00 | |
| S1 | 945.00 | -0.211% |
| S2 | 920.00 | -2.85% |
| S3 | 905.00 | -4.44% |
6630 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 26, 2024 | Apr 26, 2024 | Jul 01, 2024 | JP¥4.75 | 0.502% |
| 2 | Oct 30, 2023 | Oct 30, 2023 | Jan 05, 2024 | JP¥4.25 | 0.420% |
| 3 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | JP¥4.50 | 0.395% |
| 4 | Oct 28, 2022 | Oct 28, 2022 | Oct 28, 2022 | JP¥4.25 | 0.388% |
| 5 | Apr 27, 2022 | Apr 27, 2022 | Apr 27, 2022 | JP¥4.50 | 0.371% |
FAQ
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