YAMAHA CORPORATION Stock Forecast
YAMAHA CORPORATION stock price ended at JP¥3,735.00 on Tuesday, after losing 0.533%.
(Updated on Jun 25, 2024)
The YAMAHA CORPORATION stock price fell by -0.533% on the last day (Tuesday, 25th Jun 2024) from JP¥3,755.00 to JP¥3,735.00. During the last trading day the stock fluctuated 2.34% from a day low at JP¥3,723.00 to a day high of JP¥3,810.00. The price has risen in 6 of the last 10 days and is up by 3.03% over the past 2 weeks. Volume has increased on the last day by 227 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, 965 thousand shares were bought and sold for approximately JP¥3.60 billion.
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 17.15% during the next 3 months and, with a 90% probability hold a price between JP¥4,154.44 and JP¥4,564.24 at the end of this 3-month period.
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7951.T Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, June 04, 2024, and so far it has fallen -0.612%. 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. The YAMAHA CORPORATION 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¥3,698.14 and JP¥3,575.74. A breakdown below any of these levels will issue sell signals. The stock had a Golden Star Signal on Thursday, April 18, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Thursday, April 18, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for YAMAHA CORPORATION stock
YAMAHA CORPORATION finds support from accumulated volume at JP¥3,624.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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¥87.00 between high and low, or 2.34%. For the last week, the stock has had daily average volatility of 2.08%.
Our recommended stop-loss: JP¥3,623.99 (-2.97%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (7951.T) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect YAMAHA CORPORATION to open at JP¥3,756.00, and during the day (based on 14 day Average True Range), to move between JP¥3,644.75 and JP¥3,825.25, which gives a possible trading interval of +/-JP¥90.25 (+/-2.42%) up or down from last closing price. If YAMAHA CORPORATION takes out the full calculated possible swing range there will be an estimated 4.83% 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¥3,755.00 (0.54%) than the support at JP¥3,624.00 (2.97%), 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 YAMAHA CORPORATION 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 YAMAHA CORPORATION stock to perform well in the short-term.
Current score: 1.989 Buy Candidate Unchanged
Predicted Opening Price for YAMAHA CORPORATION of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| JP¥3,756.00 ( 0.562%) | JP¥3,735.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7951.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,843.00 | 2.89% |
| R2 | 3,809.77 | 2.00% |
| R1 | 3,789.23 | 1.45% |
| Price | 3,735.00 | |
| S1 | 3,722.77 | -0.328% |
| S2 | 3,702.23 | -0.88% |
| S3 | 3,669.00 | -1.77% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 3,758.00 | 0.616% |
| R1 | 3,755.00 | 0.535% |
| Price | 3,735.00 | |
| S1 | 3,624.00 | -2.97% |
| S2 | 3,569.00 | -4.44% |
| S3 | 3,501.00 | -6.27% |
7951 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 25, 2024 | JP¥37.00 | 0.99% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥37.00 | 0.91% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥33.00 | 0.651% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥33.00 | 0.636% |
FAQ
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