YAMATO HOLDINGS CO.,LTD. Stock Forecast
Green day on Monday for YAMATO HOLDINGS CO.,LTD.
(Updated on May 20, 2024)
The YAMATO HOLDINGS CO.,LTD. stock price gained 0.574% on the last trading day (Monday, 20th May 2024), rising from JP¥1,743.00 to JP¥1,753.00. During the last trading day the stock fluctuated 2.60% from a day low at JP¥1,731.50 to a day high of JP¥1,776.50. The price has been going up and down for this period, and there has been a -13.26% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 784 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately JP¥4.37 billion.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥1,694.16 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -19.24% during the next 3 months and, with a 90% probability hold a price between JP¥1,368.27 and JP¥1,606.38 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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9064.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 16, 2024, and so far it has risen 2.48%. 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. The YAMATO HOLDINGS CO.,LTD. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥2,023.80. On a fall, the stock will find some support from the short-term average at JP¥1,749.07. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for YAMATO HOLDINGS CO.,LTD. stock
YAMATO HOLDINGS CO.,LTD. finds support from accumulated volume at JP¥1,743.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved JP¥45.00 between high and low, or 2.60%. For the last week, the stock has had daily average volatility of 2.68%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (9064.T) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect YAMATO HOLDINGS CO.,LTD. to open at JP¥1,753.67, and during the day (based on 14 day Average True Range), to move between JP¥1,696.77 and JP¥1,809.23, which gives a possible trading interval of +/-JP¥56.23 (+/-3.21%) up or down from last closing price. If YAMATO HOLDINGS CO.,LTD. takes out the full calculated possible swing range there will be an estimated 6.42% 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¥1,758.00 (0.29%) than the support at JP¥1,743.00 (0.57%), 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 HOLDINGS CO.,LTD. stock A Buy?
YAMATO HOLDINGS CO.,LTD. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.369 Sell Candidate Unchanged
Predicted Opening Price for YAMATO HOLDINGS CO.,LTD. of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| JP¥1,753.67 ( 0.0380%) | JP¥1,753.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9064.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,798.67 | 2.61 % | |
| R2 | 1,781.48 | 1.62 % | ||
| R1 | 1,770.86 | 1.02 % | ||
| Current price: | 1,753.00 | |||
| Support | S1 | 1,736.48 | -0.94 % | |
| S2 | 1,725.86 | -1.55 % | ||
| S3 | 1,708.67 | -2.53 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,777.00 | 1.37 % | |
| R2 | 1,771.00 | 1.03 % | ||
| R1 | 1,758.00 | 0.285 % | ||
| Current price | 1,753.00 | |||
| Support | S1 | 1,743.00 | -0.570% | |
| S2 | 1,722.00 | -1.77% | ||
| S3 | 1,710.50 | -2.42% |
9064 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¥23.00 | 0.93% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥23.00 | 1.02% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥23.00 | 1.06% |
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