YAMATO INTERNATIONAL INC. Stock Forecast

Evaluation of YAMATO INTERNATIONAL INC. stock downgraded after the last trading session.
(Updated on May 15, 2024)

8127.T Signals & Forecast

The YAMATO INTERNATIONAL INC. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥352.29. On a fall, the stock will find some support from the long-term average at approximately JP¥330.91. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell 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 Wednesday, May 08, 2024, and so far it has fallen -1.41%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Wednesday, March 13, 2024 in the long-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 YAMATO INTERNATIONAL INC. stock

YAMATO INTERNATIONAL INC. finds support from accumulated volume at JP¥343.00 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¥4.00 (1.15%) between high and low. For the last week, the stock has had daily average volatility of 0.91%.

Our recommended stop-loss: JP¥333.84 (-4.34%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)

Trading Expectations (8127.T) For The Upcoming Trading Day Of Thursday 16th

For the upcoming trading day on Thursday, 16th we expect YAMATO INTERNATIONAL INC. to open at JP¥349.67, and during the day (based on 14 day Average True Range), to move between JP¥343.20 and JP¥354.80, which gives a possible trading interval of +/-JP¥5.80 (+/-1.66%) up or down from last closing price. If YAMATO INTERNATIONAL INC. takes out the full calculated possible swing range there will be an estimated 3.32% 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¥352.00 (0.86%) than the support at JP¥343.00 (1.72%), 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 YAMATO INTERNATIONAL INC. stock A Buy?

YAMATO INTERNATIONAL INC. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.974 Hold/Accumulate Downgraded

Predicted Opening Price for YAMATO INTERNATIONAL INC. of Thursday, May 16, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.