YAMATO HOLDINGS CO.,LTD. Stock Forecast
Weaker technical forecast for YAMATO HOLDINGS CO.,LTD. as stock downgraded to Sell Candidate.
(Updated on Jul 02, 2024)
The YAMATO HOLDINGS CO.,LTD. stock price gained 0.428% on the last trading day (Tuesday, 2nd Jul 2024), rising from JP¥1,751.50 to JP¥1,759.00. During the last trading day the stock fluctuated 2.02% from a day low at JP¥1,729.50 to a day high of JP¥1,764.50. The price has been going up and down for this period, and there has been a 2.51% gain for the last 2 weeks. Volume fell on the last day by -259 thousand shares and in total, 1 million shares were bought and sold for approximately JP¥2.00 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
Given the current short-term trend, the stock is expected to fall -22.60% during the next 3 months and, with a 90% probability hold a price between JP¥1,190.91 and JP¥1,361.53 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
The YAMATO HOLDINGS CO.,LTD. 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¥1,768.36. On a fall, the stock will find some support from the long-term average at approximately JP¥1,740.14. 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. A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 6.74%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Despite all the positive signals in the chart we there to be so much uncertainty and risk that we cannot upgrade this stock's score yet.
Support, Risk & Stop-loss for YAMATO HOLDINGS CO.,LTD. stock
YAMATO HOLDINGS CO.,LTD. finds support from accumulated volume at JP¥1,758.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved JP¥35.00 between high and low, or 2.02%. For the last week, the stock has had daily average volatility of 1.88%.
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 Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect YAMATO HOLDINGS CO.,LTD. to open at JP¥1,751.00, and during the day (based on 14 day Average True Range), to move between JP¥1,721.23 and JP¥1,796.77, which gives a possible trading interval of +/-JP¥37.77 (+/-2.15%) 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 4.30% 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¥1,758.00 (0.06%) than the resistance at JP¥1,771.00 (0.68%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.031 Sell Candidate Downgraded
Predicted Opening Price for YAMATO HOLDINGS CO.,LTD. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| JP¥1,751.00 ( 0.455%) | JP¥1,759.00 |
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 | |
|---|---|---|
| R3 | 1,786.00 | 1.53% |
| R2 | 1,772.63 | 0.775% |
| R1 | 1,764.37 | 0.305% |
| Price | 1,759.00 | |
| S1 | 1,737.63 | -1.21% |
| S2 | 1,729.37 | -1.68% |
| S3 | 1,716.00 | -2.44% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,802.00 | 2.44% |
| R2 | 1,777.00 | 1.02% |
| R1 | 1,771.00 | 0.682% |
| Price | 1,759.00 | |
| S1 | 1,758.00 | -0.0569% |
| S2 | 1,716.00 | -2.44% |
| S3 | 1,710.50 | -2.76% |
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 | May 31, 2024 | JP¥23.00 | 1.28% |
| 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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