YAMAICHI ELECTRONICS CO.,LTD. Stock Forecast
YAMAICHI ELECTRONICS CO.,LTD. stock price ended at JP¥2,776.00 on Tuesday, after gaining 1.02%.
(Updated on May 07, 2024)
The YAMAICHI ELECTRONICS CO.,LTD. stock price gained 1.02% on the last trading day (Tuesday, 7th May 2024), rising from JP¥2,748.00 to JP¥2,776.00. During the last trading day the stock fluctuated 1.57% from a day low at JP¥2,746.00 to a day high of JP¥2,789.00. The price has risen in 6 of the last 10 days and is up by 5.15% 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, 21 thousand more shares were traded than the day before. In total, 93 thousand shares were bought and sold for approximately JP¥256.78 million.
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 24.43% during the next 3 months and, with a 90% probability hold a price between JP¥3,178.64 and JP¥3,542.80 at the end of this 3-month period.
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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¥2,713.29 and JP¥2,523.20. 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 12.12%. Further rise is indicated until a new top pivot has been found. 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. 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¥2,495.00 and JP¥2,304.00. 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¥2,495.00. If this is broken, then the next support from accumulated volume will be at JP¥2,304.00 and JP¥2,218.00.
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¥43.00 between high and low, or 1.57%. For the last week, the stock has had daily average volatility of 2.29%.
Our recommended stop-loss: JP¥2,670.51 (-3.80%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (6941.T) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect YAMAICHI ELECTRONICS CO.,LTD. to open at JP¥2,770.33, and during the day (based on 14 day Average True Range), to move between JP¥2,690.91 and JP¥2,861.09, which gives a possible trading interval of +/-JP¥85.09 (+/-3.07%) 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 6.13% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥2,495.00, some JP¥281.00 (10.12%) from the current price of JP¥2,776.00, our system finds the risk reward attractive.
Earnings coming up
YAMAICHI ELECTRONICS CO.,LTD. will release earnings BMO on Tuesday, May 14, 2024. We will update the financials statements for YAMAICHI ELECTRONICS CO.,LTD., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.15% in the first trading day after earnings release.
Is YAMAICHI ELECTRONICS CO.,LTD. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for YAMAICHI ELECTRONICS CO.,LTD. stock to perform well in the short-term.
Current score: 4.747 Buy Candidate Unchanged
Predicted Opening Price for YAMAICHI ELECTRONICS CO.,LTD. of Wednesday, May 8, 2024
Fair opening price May 8, 2024 | Current price |
---|---|
JP¥2,770.33 ( 0.204%) | JP¥2,776.00 |
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 | 2,813.33 | 1.34 % | |
R2 | 2,796.91 | 0.753 % | ||
R1 | 2,786.76 | 0.388 % | ||
Current price: | 2,776.00 | |||
Support | S1 | 2,753.91 | -0.796 % | |
S2 | 2,743.76 | -1.16 % | ||
S3 | 2,727.33 | -1.75 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 2,776.00 | |||
Support | S1 | 2,495.00 | -10.12% | |
S2 | 2,304.00 | -17.00% | ||
S3 | 2,218.00 | -20.10% |
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
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