The Yamagata Bank,Ltd. Stock Forecast
The Yamagata Bank,Ltd. stock upgraded to Hold/Accumulate.
(Updated on May 21, 2024)
The The Yamagata Bank,Ltd. stock price fell by -1.69% on the last day (Tuesday, 21st May 2024) from JP¥1,126.00 to JP¥1,107.00. During the last trading day the stock fluctuated 1.54% from a day low at JP¥1,105.00 to a day high of JP¥1,122.00. The price has been going up and down for this period, and there has been a -3.99% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -22 thousand shares and in total, 42 thousand shares were bought and sold for approximately JP¥46.72 million.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥1,094.15 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -4.41% during the next 3 months and, with a 90% probability hold a price between JP¥1,045.85 and JP¥1,139.78 at the end of this 3-month period.
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8344.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 16, 2024, and so far it has risen 0.91%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The The Yamagata Bank,Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at JP¥1,134.29 and JP¥1,146.06. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for The Yamagata Bank,Ltd. stock
The Yamagata Bank,Ltd. finds support from accumulated volume at JP¥1,097.00 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¥17.00 (1.54%) between high and low. For the last week, the stock has had daily average volatility of 2.65%.
Our recommended stop-loss: JP¥1,043.80 (-5.71%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 48 days ago.)
Trading Expectations (8344.T) For The Upcoming Trading Day Of Wednesday 22nd
For the upcoming trading day on Wednesday, 22nd we expect The Yamagata Bank,Ltd. to open at JP¥1,111.33, and during the day (based on 14 day Average True Range), to move between JP¥1,082.19 and JP¥1,131.81, which gives a possible trading interval of +/-JP¥24.81 (+/-2.24%) up or down from last closing price. If The Yamagata Bank,Ltd. takes out the full calculated possible swing range there will be an estimated 4.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at JP¥1,097.00 (0.90%) than the resistance at JP¥1,120.00 (1.17%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is The Yamagata Bank,Ltd. stock A Buy?
The Yamagata Bank,Ltd. 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: -0.701 Hold/Accumulate Upgraded
Predicted Opening Price for The Yamagata Bank,Ltd. of Wednesday, May 22, 2024
| Fair opening price May 22, 2024 | Current price |
|---|---|
| JP¥1,111.33 ( 0.391%) | JP¥1,107.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8344.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,128.33 | 1.93 % | |
| R2 | 1,121.84 | 1.34 % | ||
| R1 | 1,117.83 | 0.98 % | ||
| Current price: | 1,107.00 | |||
| Support | S1 | 1,104.84 | -0.195 % | |
| S2 | 1,100.83 | -0.558 % | ||
| S3 | 1,094.33 | -1.14 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,238.00 | 11.83 % | |
| R2 | 1,199.00 | 8.31 % | ||
| R1 | 1,120.00 | 1.17 % | ||
| Current price | 1,107.00 | |||
| Support | S1 | 1,097.00 | -0.90% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
8344 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¥17.50 | 1.49% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥17.50 | 1.71% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥17.50 | 1.76% |
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