YAMAZEN CORPORATION Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
YAMAZEN CORPORATION stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on May 31, 2024)
The YAMAZEN CORPORATION stock price gained 4.15% on the last trading day (Friday, 31st May 2024), rising from JP¥1,351.00 to JP¥1,407.00. During the last trading day the stock fluctuated 3.99% from a day low at JP¥1,354.00 to a day high of JP¥1,408.00. The price has risen in 6 of the last 10 days and is up by 1.52% 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, 322 thousand more shares were traded than the day before. In total, 542 thousand shares were bought and sold for approximately JP¥763.16 million.
The stock lies in the middle of a weak 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 4.66% during the next 3 months and, with a 90% probability hold a price between JP¥1,397.30 and JP¥1,499.48 at the end of this 3-month period.
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8051.T Signals & Forecast
The YAMAZEN 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¥1,381.14 and JP¥1,366.83. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 5.55%. 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. 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¥1,397.00 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¥54.00 between high and low, or 3.99%. For the last week the stock has had daily average volatility of 2.82%.
Our recommended stop-loss: JP¥1,345.58 (-4.37%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (8051.T) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect YAMAZEN CORPORATION to open at JP¥1,389.67, and during the day (based on 14 day Average True Range), to move between JP¥1,375.98 and JP¥1,438.02, which gives a possible trading interval of +/-JP¥31.02 (+/-2.20%) up or down from last closing price. If YAMAZEN CORPORATION takes out the full calculated possible swing range there will be an estimated 4.41% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥1,397.00, some JP¥10.00 (0.71%) from the current price of JP¥1,407.00, our system finds the risk reward attractive.
Is YAMAZEN 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 YAMAZEN CORPORATION stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.342 Buy Candidate Upgraded
Predicted Opening Price for YAMAZEN CORPORATION of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| JP¥1,389.67 ( 1.23%) | JP¥1,407.00 |
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 | 1,443.67 | 2.61 % | |
| R2 | 1,423.04 | 1.14 % | ||
| R1 | 1,410.29 | 0.234 % | ||
| Current price: | 1,407.00 | |||
| Support | S1 | 1,369.04 | -2.70 % | |
| S2 | 1,356.29 | -3.60 % | ||
| S3 | 1,335.67 | -5.07 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 1,407.00 | |||
| Support | S1 | 1,397.00 | -0.711% | |
| S2 | 1,386.00 | -1.49% | ||
| S3 | 1,377.00 | -2.13% |
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% |
FAQ
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