Yamaguchi Financial Group,Inc. Stock Forecast

Stronger technical forecast for Yamaguchi Financial Group,Inc. stock price after Tuesday trading.
(Updated on Jul 02, 2024)

8418.T Signals & Forecast

The Yamaguchi Financial Group,Inc. 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¥1,813.79 and JP¥1,789.30. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A sell signal was issued from a pivot top point on Monday, June 03, 2024, and so far it has fallen -3.69%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Thursday, April 18, 2024 in the short-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 Yamaguchi Financial Group,Inc. stock

Yamaguchi Financial Group,Inc. finds support from accumulated volume at JP¥1,831.00 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¥38.50 (2.09%) between high and low. For the last week, the stock has had daily average volatility of 1.85%.

Our recommended stop-loss: JP¥1,759.72 (-5.62%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 62 days ago.)

Trading Expectations (8418.T) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect Yamaguchi Financial Group,Inc. to open at JP¥1,864.33, and during the day (based on 14 day Average True Range), to move between JP¥1,818.31 and JP¥1,910.69, which gives a possible trading interval of +/-JP¥46.19 (+/-2.48%) up or down from last closing price. If Yamaguchi Financial Group,Inc. takes out the full calculated possible swing range there will be an estimated 4.95% 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¥1,831.00 (1.80%) than the resistance at JP¥1,920.00 (2.98%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Yamaguchi Financial Group,Inc. stock A Buy?

Yamaguchi Financial Group,Inc. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 5.480 Strong Buy Candidate Upgraded

Predicted Opening Price for Yamaguchi Financial Group,Inc. of Wednesday, July 3, 2024

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