YOROZU CORPORATION Stock Forecast
Weaker technical forecast for YOROZU CORPORATION as stock downgraded to Hold/Accumulate.
(Updated on May 10, 2024)
The YOROZU CORPORATION stock price gained 0.205% on the last trading day (Friday, 10th May 2024), rising from JP¥975.00 to JP¥977.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.66% from a day low at JP¥965.00 to a day high of JP¥981.00. The price has risen in 5 of the last 10 days and is up by 1.35% 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, 800 more shares were traded than the day before. In total, 21 thousand shares were bought and sold for approximately JP¥20.61 million.
The stock lies in the middle of a weak 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 3.20% during the next 3 months and, with a 90% probability hold a price between JP¥980.32 and JP¥1,071.37 at the end of this 3-month period.
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7294.T Signals & Forecast
The YOROZU CORPORATION 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¥962.86 and JP¥972.06. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 02, 2024, and so far it has risen 4.38%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for YOROZU CORPORATION stock
YOROZU CORPORATION finds support from accumulated volume at JP¥966.00 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¥16.00 between high and low, or 1.66%. For the last week the stock has had daily average volatility of 1.34%.
Our recommended stop-loss: JP¥924.61 (-5.36%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (7294.T) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect YOROZU CORPORATION to open at JP¥974.33, and during the day (based on 14 day Average True Range), to move between JP¥958.95 and JP¥995.05, which gives a possible trading interval of +/-JP¥18.05 (+/-1.85%) up or down from last closing price. If YOROZU CORPORATION takes out the full calculated possible swing range there will be an estimated 3.70% 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¥978.00 (0.10%) than the support at JP¥966.00 (1.13%), 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.
Earnings coming up
YOROZU CORPORATION will release earnings BMO on Wednesday, May 15, 2024. We will update the financials statements for YOROZU CORPORATION, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.45% in the first trading day after earnings release.
Is YOROZU CORPORATION stock A Buy?
YOROZU CORPORATION holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.723 Hold/Accumulate Downgraded
Predicted Opening Price for YOROZU CORPORATION of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| JP¥974.33 ( 0.273%) | JP¥977.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7294.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 990.33 | 1.36 % | |
| R2 | 984.22 | 0.739 % | ||
| R1 | 980.45 | 0.353 % | ||
| Current price: | 977.00 | |||
| Support | S1 | 968.22 | -0.90 % | |
| S2 | 964.45 | -1.29 % | ||
| S3 | 958.33 | -1.91 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,022.00 | 4.61 % | |
| R2 | 993.00 | 1.64 % | ||
| R1 | 978.00 | 0.102 % | ||
| Current price | 977.00 | |||
| Support | S1 | 966.00 | -1.13% | |
| S2 | 964.00 | -1.33% | ||
| S3 | 936.00 | -4.20% |
7294 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¥18.00 | 2.17% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥7.00 | 0.85% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥7.00 | 0.785% |
| 5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥6.00 | 0.491% |
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