YUASA FUNASHOKU Co.,Ltd. Stock Forecast
YUASA FUNASHOKU Co.,Ltd. stock upgraded from Sell Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Jun 26, 2024)
The YUASA FUNASHOKU Co.,Ltd. stock price gained 0.85% on the last trading day (Wednesday, 26th Jun 2024), rising from JP¥3,510.00 to JP¥3,540.00. During the last trading day the stock fluctuated 1.43% from a day low at JP¥3,490.00 to a day high of JP¥3,540.00. The price has risen in 5 of the last 10 days and is up by 2.31% 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, 300 more shares were traded than the day before. In total, 900 shares were bought and sold for approximately JP¥3.19 million.
The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at JP¥3,565.61 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect YUASA FUNASHOKU Co.,Ltd. stock with a 90% probability to be traded between JP¥3,342.73 and JP¥3,571.91 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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8006.T Signals & Forecast
The YUASA FUNASHOKU 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¥3,539.29 and JP¥3,464.00. A breakdown below any of these levels will issue sell signals. 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. 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 Tuesday, June 18, 2024, and so far it has fallen -0.701%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for YUASA FUNASHOKU Co.,Ltd. stock
YUASA FUNASHOKU Co.,Ltd. finds support from accumulated volume at JP¥3,460.00 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¥50.00 (1.43%) between high and low. For the last week, the stock has had daily average volatility of 1.52%.
Our recommended stop-loss: JP¥3,408.94 (-3.70%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (8006.T) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect YUASA FUNASHOKU Co.,Ltd. to open at JP¥3,523.33, and during the day (based on 14 day Average True Range), to move between JP¥3,476.36 and JP¥3,603.64, which gives a possible trading interval of +/-JP¥63.64 (+/-1.80%) up or down from last closing price. If YUASA FUNASHOKU Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 3.60% 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¥3,555.00 (0.42%) than the support at JP¥3,460.00 (2.26%), 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 YUASA FUNASHOKU Co.,Ltd. stock A Buy?
YUASA FUNASHOKU Co.,Ltd. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.446 Hold/Accumulate Upgraded
Predicted Opening Price for YUASA FUNASHOKU Co.,Ltd. of Thursday, June 27, 2024
Fair opening price June 27, 2024 | Current price |
---|---|
JP¥3,523.33 ( 0.471%) | JP¥3,540.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8006.T
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 3,573.33 | 0.94% |
R2 | 3,554.23 | 0.402% |
R1 | 3,542.43 | 0.0687% |
Price | 3,540.00 | |
S1 | 3,504.23 | -1.01% |
S2 | 3,492.43 | -1.34% |
S3 | 3,473.33 | -1.88% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 3,570.00 | 0.85% |
R2 | 3,560.00 | 0.565% |
R1 | 3,555.00 | 0.424% |
Price | 3,540.00 | |
S1 | 3,460.00 | -2.26% |
S2 | 3,455.00 | -2.40% |
S3 | 3,445.00 | -2.68% |
8006 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 28, 2025 | Mar 28, 2025 | Mar 28, 2025 | JP¥0 | 0% |
2 | Mar 28, 2024 | Mar 28, 2024 | Jun 28, 2024 | JP¥100.00 | 2.82% |
3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥100.00 | 3.64% |
4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥70.00 | 2.66% |
5 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥50.00 | 1.66% |
FAQ
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