YUASA FUNASHOKU Co.,Ltd. Stock Forecast
Green day on Wednesday for YUASA FUNASHOKU Co.,Ltd.
(Updated on Jul 03, 2024)
The YUASA FUNASHOKU Co.,Ltd. stock price gained 0.140% on the last trading day (Wednesday, 3rd Jul 2024), rising from JP¥3,575.00 to JP¥3,580.00. 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 0.140% from a day low at JP¥3,575.00 to a day high of JP¥3,580.00. The price has risen in 5 of the last 10 days and is up by 0.56% over the past 2 weeks. Volume fell on the last day by -300 shares and in total, 200 shares were bought and sold for approximately JP¥716.00 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at JP¥3,610.79 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 2.54% during the next 3 months and, with a 90% probability hold a price between JP¥3,454.45 and JP¥3,702.63 at the end of this 3-month period.
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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¥3,546.43 and JP¥3,472.00. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 31, 2024, and so far it has risen 7.35%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
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.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved JP¥5.00 between high and low, or 0.140%. For the last week the stock has had daily average volatility of 0.740%.
Our recommended stop-loss: JP¥3,464.72 (-3.22%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 38 days ago.)
Trading Expectations (8006.T) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect YUASA FUNASHOKU Co.,Ltd. to open at JP¥3,578.33, and during the day (based on 14 day Average True Range), to move between JP¥3,527.57 and JP¥3,632.43, which gives a possible trading interval of +/-JP¥52.43 (+/-1.46%) 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 2.93% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥3,460.00, some JP¥120.00 (3.35%) from the current price of JP¥3,580.00, our system finds the risk reward attractive.
Is YUASA FUNASHOKU Co.,Ltd. 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 YUASA FUNASHOKU Co.,Ltd. stock to perform well in the short-term.
Current score: 2.818 Buy Candidate Unchanged
Predicted Opening Price for YUASA FUNASHOKU Co.,Ltd. of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| JP¥3,578.33 ( 0.0466%) | JP¥3,580.00 |
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 | 3,583.33 | 0.0931% |
| R2 | 3,581.42 | 0.0398% |
| R1 | 3,580.24 | 0.0068% |
| Price | 3,580.00 | |
| S1 | 3,576.42 | -0.0999% |
| S2 | 3,575.24 | -0.133% |
| S3 | 3,573.33 | -0.186% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 3,580.00 | |
| S1 | 3,460.00 | -3.35% |
| S2 | 3,455.00 | -3.49% |
| S3 | 3,445.00 | -3.77% |
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 | 2.83% |
| 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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