Yamaguchi Financial Group,Inc. Stock Forecast

Green day on Friday for Yamaguchi Financial Group,Inc. stock after gaining 1.58%
(Updated on May 10, 2024)

8418.T Signals & Forecast

Mostly positive signals in the chart today. 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¥1,581.43 and JP¥1,564.06. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 02, 2024, and so far it has risen 8.19%. Further rise is indicated until a new top pivot has been found. 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. 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¥1,594.00 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¥33.00 between high and low, or 2.08%. For the last week the stock has had daily average volatility of 1.75%.

Our recommended stop-loss: JP¥1,535.25 (-4.76%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 25 days ago.)

Trading Expectations (8418.T) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect Yamaguchi Financial Group,Inc. to open at JP¥1,603.67, and during the day (based on 14 day Average True Range), to move between JP¥1,572.39 and JP¥1,651.61, which gives a possible trading interval of +/-JP¥39.61 (+/-2.46%) 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 4.91% 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¥1,594.00 (1.12%) than the resistance at JP¥1,637.00 (1.55%), 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 weak 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.

Current score: 7.601 Strong Buy Candidate Unchanged

Predicted Opening Price for Yamaguchi Financial Group,Inc. of Monday, May 13, 2024

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