Yasuda Logistics Corporation Stock Forecast

Yasuda Logistics Corporation stock downgraded to Buy Candidate
(Updated on May 09, 2024)

9324.T Signals & Forecast

The Yasuda Logistics Corporation 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¥1,381.71 and JP¥1,316.20. A breakdown below any of these levels will issue sell signals. 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 Wednesday, May 08, 2024, and so far it has fallen -0.494%. Further fall is indicated until a new bottom pivot has been found. 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. The stock had a Golden Star Signal on Wednesday, August 09, 2023 in the long-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 Yasuda Logistics Corporation stock

On the downside, the stock finds support just below today's level from accumulated volume at JP¥1,275.00 and JP¥1,254.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Yasuda Logistics Corporation finds support just below today's level at JP¥1,275.00. If this is broken, then the next support from accumulated volume will be at JP¥1,254.00 and JP¥1,222.00.

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¥44.00 between high and low, or 3.14%. For the last week the stock has had daily average volatility of 2.67%.

Our recommended stop-loss: JP¥1,353.94 (-3.91%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (9324.T) For The Upcoming Trading Day Of Friday 10th

For the upcoming trading day on Friday, 10th we expect Yasuda Logistics Corporation to open at JP¥1,417.67, and during the day (based on 14 day Average True Range), to move between JP¥1,373.74 and JP¥1,444.26, which gives a possible trading interval of +/-JP¥35.26 (+/-2.50%) up or down from last closing price. If Yasuda Logistics Corporation takes out the full calculated possible swing range there will be an estimated 5.01% 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¥1,416.00 (0.50%) than the support at JP¥1,275.00 (9.51%), 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 Yasuda Logistics Corporation stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Yasuda Logistics Corporation stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 2.456 Buy Candidate Downgraded

Predicted Opening Price for Yasuda Logistics Corporation of Friday, May 10, 2024

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