YAMAZEN CORPORATION Stock Forecast
YAMAZEN CORPORATION stock upgraded from Sell Candidate to Hold/Accumulate after Thursday trading session.
(Updated on May 30, 2024)
The YAMAZEN CORPORATION stock price gained 1.35% on the last trading day (Thursday, 30th May 2024), rising from JP¥1,333.00 to JP¥1,351.00. During the last trading day the stock fluctuated 2.34% from a day low at JP¥1,322.00 to a day high of JP¥1,353.00. The price has risen in 6 of the last 10 days but is still down by -1.24% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 87 thousand more shares were traded than the day before. In total, 221 thousand shares were bought and sold for approximately JP¥298.17 million.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥1,334.03 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 4.42% during the next 3 months and, with a 90% probability hold a price between JP¥1,392.99 and JP¥1,493.33 at the end of this 3-month period.
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8051.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 1.35%. Further rise is indicated until a new top pivot has been found. 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. The YAMAZEN CORPORATION stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at JP¥1,377.00 and JP¥1,364.83. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for YAMAZEN CORPORATION stock
YAMAZEN CORPORATION finds support from accumulated volume at JP¥1,322.00 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¥31.00 between high and low, or 2.34%. For the last week the stock has had daily average volatility of 2.30%.
Our recommended stop-loss: JP¥1,272.44 (-5.81%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (8051.T) For The Upcoming Trading Day Of Friday 31st
For the upcoming trading day on Friday, 31st we expect YAMAZEN CORPORATION to open at JP¥1,342.00, and during the day (based on 14 day Average True Range), to move between JP¥1,321.98 and JP¥1,380.02, which gives a possible trading interval of +/-JP¥29.02 (+/-2.15%) up or down from last closing price. If YAMAZEN CORPORATION takes out the full calculated possible swing range there will be an estimated 4.30% 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¥1,377.00 (1.92%) than the support at JP¥1,322.00 (2.15%), 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 YAMAZEN CORPORATION stock A Buy?
YAMAZEN CORPORATION 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.903 Hold/Accumulate Upgraded
Predicted Opening Price for YAMAZEN CORPORATION of Friday, May 31, 2024
| Fair opening price May 31, 2024 | Current price |
|---|---|
| JP¥1,342.00 ( 0.666%) | JP¥1,351.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8051.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,373.00 | 1.63 % | |
| R2 | 1,361.16 | 0.752 % | ||
| R1 | 1,353.84 | 0.210 % | ||
| Current price: | 1,351.00 | |||
| Support | S1 | 1,330.16 | -1.54 % | |
| S2 | 1,322.84 | -2.08 % | ||
| S3 | 1,311.00 | -2.96 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,397.00 | 3.40 % | |
| R2 | 1,386.00 | 2.59 % | ||
| R1 | 1,377.00 | 1.92 % | ||
| Current price | 1,351.00 | |||
| Support | S1 | 1,322.00 | -2.15% | |
| S2 | 1,316.00 | -2.59% | ||
| S3 | 1,293.00 | -4.29% |
8051 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 | Mar 28, 2024 | JP¥0 | 0% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥20.00 | 1.68% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥20.00 | 2.00% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥20.00 | 2.20% |
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