YAMAICHI ELECTRONICS CO.,LTD. Stock Forecast
Stronger technical forecast for YAMAICHI ELECTRONICS CO.,LTD. stock price after Friday trading.
(Updated on Apr 26, 2024)
The YAMAICHI ELECTRONICS CO.,LTD. stock price gained 3.98% on the last trading day (Friday, 26th Apr 2024), rising from JP¥2,612.00 to JP¥2,716.00. During the last trading day the stock fluctuated 3.50% from a day low at JP¥2,630.00 to a day high of JP¥2,722.00. The price has been going up and down for this period, and there has been a 2.8% gain for the last 2 weeks. Volume fell on the last day by -38 thousand shares and in total, 172 thousand shares were bought and sold for approximately JP¥466.07 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 in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 25.04% during the next 3 months and, with a 90% probability hold a price between JP¥3,140.69 and JP¥3,502.64 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
6941.T Signals & Forecast
The YAMAICHI ELECTRONICS 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¥2,585.43 and JP¥2,468.71. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 9.69%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for YAMAICHI ELECTRONICS CO.,LTD. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥2,304.00 and JP¥2,218.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, YAMAICHI ELECTRONICS CO.,LTD. finds support just below today's level at JP¥2,304.00. If this is broken, then the next support from accumulated volume will be at JP¥2,218.00 and JP¥2,196.00.
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¥92.00 between high and low, or 3.50%. For the last week, the stock has had daily average volatility of 3.81%.
Our recommended stop-loss: JP¥2,626.92 (-3.28%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (6941.T) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect YAMAICHI ELECTRONICS CO.,LTD. to open at JP¥2,689.33, and during the day (based on 14 day Average True Range), to move between JP¥2,619.49 and JP¥2,812.51, which gives a possible trading interval of +/-JP¥96.51 (+/-3.55%) up or down from last closing price. If YAMAICHI ELECTRONICS CO.,LTD. takes out the full calculated possible swing range there will be an estimated 7.11% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥2,304.00, some JP¥412.00 (15.17%) from the current price of JP¥2,716.00, our system finds the risk reward attractive.
Is YAMAICHI ELECTRONICS CO.,LTD. stock A Buy?
YAMAICHI ELECTRONICS CO.,LTD. holds several positive signals and is within a strong 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: 6.761 Strong Buy Candidate Upgraded
Predicted Opening Price for YAMAICHI ELECTRONICS CO.,LTD. of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| JP¥2,689.33 ( 0.98%) | JP¥2,716.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6941.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,781.33 | 2.41 % | |
| R2 | 2,746.19 | 1.11 % | ||
| R1 | 2,724.48 | 0.312 % | ||
| Current price: | 2,716.00 | |||
| Support | S1 | 2,654.19 | -2.28 % | |
| S2 | 2,632.48 | -3.08 % | ||
| S3 | 2,597.33 | -4.37 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 2,716.00 | |||
| Support | S1 | 2,304.00 | -15.17% | |
| S2 | 2,218.00 | -18.34% | ||
| S3 | 2,196.00 | -19.15% |
6941 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥69.00 | 3.52% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥35.00 | 1.90% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥81.00 | 4.25% |
| 5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥15.00 | 0.88% |
FAQ
Click here for our free guide on how to buy YAMAICHI ELECTRONICS CO.,LTD. Stock.
