YONEX CO.,LTD. Stock Forecast
YONEX CO.,LTD. stock price down 0.324% on Tuesday
(Updated on May 07, 2024)
The YONEX CO.,LTD. stock price fell by -0.324% on the last day (Tuesday, 7th May 2024) from JP¥1,236.00 to JP¥1,232.00. During the last trading day the stock fluctuated 1.46% from a day low at JP¥1,230.00 to a day high of JP¥1,248.00. The price has risen in 7 of the last 10 days and is up by 3.18% over the past 2 weeks. Volume has increased on the last day by 35 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 138 thousand shares were bought and sold for approximately JP¥169.89 million.
The stock lies in the middle of a 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 11.27% during the next 3 months and, with a 90% probability hold a price between JP¥1,285.97 and JP¥1,411.52 at the end of this 3-month period.
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7906.T Signals & Forecast
The YONEX CO.,LTD. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥1,246.00. On a fall, the stock will find some support from the long-term average at approximately JP¥1,184.89. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Wednesday, May 01, 2024, and so far it has fallen -2.53%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for YONEX CO.,LTD. stock
YONEX CO.,LTD. finds support from accumulated volume at JP¥1,216.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥18.00 (1.46%) between high and low. For the last week, the stock has had daily average volatility of 1.69%.
Our recommended stop-loss: JP¥1,183.07 (-3.97%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (7906.T) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect YONEX CO.,LTD. to open at JP¥1,236.67, and during the day (based on 14 day Average True Range), to move between JP¥1,200.65 and JP¥1,263.35, which gives a possible trading interval of +/-JP¥31.35 (+/-2.54%) up or down from last closing price. If YONEX CO.,LTD. takes out the full calculated possible swing range there will be an estimated 5.09% 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¥1,243.00 (0.89%) than the support at JP¥1,216.00 (1.30%), 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
YONEX CO.,LTD. will release earnings BMO on Friday, May 10, 2024. We will update the financials statements for YONEX CO.,LTD., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.90% in the first trading day after earnings release.
Is YONEX CO.,LTD. stock A Buy?
YONEX 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.
Current score: 0.098 Hold/Accumulate Unchanged
Predicted Opening Price for YONEX CO.,LTD. of Wednesday, May 8, 2024
Fair opening price May 8, 2024 | Current price |
---|---|
JP¥1,236.67 ( 0.379%) | JP¥1,232.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7906.T
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1,254.67 | 1.84 % | |
R2 | 1,247.79 | 1.28 % | ||
R1 | 1,243.54 | 0.94 % | ||
Current price: | 1,232.00 | |||
Support | S1 | 1,229.79 | -0.179 % | |
S2 | 1,225.54 | -0.524 % | ||
S3 | 1,218.67 | -1.08 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1,259.00 | 2.19 % | |
R2 | 1,254.00 | 1.79 % | ||
R1 | 1,243.00 | 0.89 % | ||
Current price | 1,232.00 | |||
Support | S1 | 1,216.00 | -1.30% | |
S2 | 1,205.00 | -2.19% | ||
S3 | 1,184.00 | -3.90% |
7906 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¥2.00 | 0.143% |
3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥1.00 | 0.0716% |
4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥2.00 | 0.197% |
5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥1.00 | 0.129% |
FAQ
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