YAMAICHI ELECTRONICS CO.,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
YAMAICHI ELECTRONICS CO.,LTD. stock upgraded to Hold/Accumulate.
(Updated on Jul 02, 2024)
The YAMAICHI ELECTRONICS CO.,LTD. stock price fell by -2.00% on the last day (Tuesday, 2nd Jul 2024) from JP¥3,250.00 to JP¥3,185.00. During the last trading day the stock fluctuated 2.21% from a day low at JP¥3,165.00 to a day high of JP¥3,235.00. The price has fallen in 6 of the last 10 days and is down by -6.6% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -39 thousand shares and in total, 175 thousand shares were bought and sold for approximately JP¥556.10 million.
Given the current short-term trend, the stock is expected to rise 33.25% during the next 3 months and, with a 90% probability hold a price between JP¥4,243.90 and JP¥5,722.34 at the end of this 3-month period.
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6941.T Signals & Forecast
There are few to no technical positive signals at the moment. The YAMAICHI ELECTRONICS CO.,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¥3,252.14 and JP¥3,433.71. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -15.07%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
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¥2,700.00 and JP¥2,578.00. 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¥2,700.00. If this is broken, then the next support from accumulated volume will be at JP¥2,578.00 and JP¥2,495.00.
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¥70.00 between high and low, or 2.21%. For the last week, the stock has had daily average volatility of 3.27%.
Our recommended stop-loss: JP¥2,981.80 (-6.38%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 48 days ago.)
Trading Expectations (6941.T) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect YAMAICHI ELECTRONICS CO.,LTD. to open at JP¥3,195.00, and during the day (based on 14 day Average True Range), to move between JP¥3,072.45 and JP¥3,297.55, which gives a possible trading interval of +/-JP¥112.55 (+/-3.53%) 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 7.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at JP¥3,425.00 (7.54%) than the support at JP¥2,700.00 (15.23%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is YAMAICHI ELECTRONICS CO.,LTD. stock A Buy?
YAMAICHI ELECTRONICS CO.,LTD. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.996 Hold/Accumulate Upgraded
Predicted Opening Price for YAMAICHI ELECTRONICS CO.,LTD. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| JP¥3,195.00 ( 0.314%) | JP¥3,185.00 |
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 | |
|---|---|---|
| R3 | 3,265.00 | 2.51% |
| R2 | 3,238.26 | 1.67% |
| R1 | 3,221.74 | 1.15% |
| Price | 3,185.00 | |
| S1 | 3,168.26 | -0.526% |
| S2 | 3,151.74 | -1.04% |
| S3 | 3,125.00 | -1.88% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,685.00 | 15.70% |
| R2 | 3,590.00 | 12.72% |
| R1 | 3,425.00 | 7.54% |
| Price | 3,185.00 | |
| S1 | 2,700.00 | -15.23% |
| S2 | 2,578.00 | -19.06% |
| S3 | 2,495.00 | -21.66% |
6941 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 27, 2024 | JP¥13.00 | 0.397% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Dec 06, 2023 | JP¥18.00 | 1.02% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥69.00 | 3.52% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥35.00 | 1.90% |
FAQ
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