YAMADA DENKI CO.,LTD. Stock Forecast
Stronger technical forecast for YAMADA DENKI CO.,LTD. stock price after Friday trading.
(Updated on Apr 19, 2024)
The YAMADA DENKI CO.,LTD. stock price fell by -0.204% on the last day (Friday, 19th Apr 2024) from JP¥441.50 to JP¥440.60. During the last trading day the stock fluctuated 1.32% from a day low at JP¥438.40 to a day high of JP¥444.20. The price has risen in 6 of the last 10 days but is still down by -0.27% for this period. Volume has increased on the last day by 3 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 7 million shares were bought and sold for approximately JP¥2.91 billion.
The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at JP¥437.37 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect YAMADA DENKI CO.,LTD. stock with a 90% probability to be traded between JP¥442.33 and JP¥478.72 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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9831.T Signals & Forecast
The YAMADA DENKI CO.,LTD. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at JP¥449.87 and JP¥443.25. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 0.778%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for YAMADA DENKI CO.,LTD. stock
YAMADA DENKI CO.,LTD. finds support from accumulated volume at JP¥440.00 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¥5.80 (1.32%) between high and low. For the last week, the stock has had daily average volatility of 1.94%.
Our recommended stop-loss: JP¥419.45 (-4.80%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (9831.T) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect YAMADA DENKI CO.,LTD. to open at JP¥441.07, and during the day (based on 14 day Average True Range), to move between JP¥431.94 and JP¥449.26, which gives a possible trading interval of +/-JP¥8.66 (+/-1.97%) up or down from last closing price. If YAMADA DENKI CO.,LTD. takes out the full calculated possible swing range there will be an estimated 3.93% 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¥440.90 (0.07%) than the support at JP¥440.00 (0.14%), 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 YAMADA DENKI CO.,LTD. stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.201 Buy Candidate Upgraded
Predicted Opening Price for YAMADA DENKI CO.,LTD. of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| JP¥441.07 ( 0.106%) | JP¥440.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9831.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 446.87 | 1.42 % | |
| R2 | 444.65 | 0.92 % | ||
| R1 | 443.28 | 0.609 % | ||
| Current price: | 440.60 | |||
| Support | S1 | 438.85 | -0.397 % | |
| S2 | 437.48 | -0.708 % | ||
| S3 | 435.27 | -1.21 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 449.90 | 2.11 % | |
| R2 | 448.10 | 1.70 % | ||
| R1 | 440.90 | 0.0681 % | ||
| Current price | 440.60 | |||
| Support | S1 | 440.00 | -0.136% | |
| S2 | 438.20 | -0.545% | ||
| S3 | 430.00 | -2.41% |
9831 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Jul 01, 2024 | JP¥12.00 | 2.72% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥12.00 | 2.61% |
| 3 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥18.00 | 4.66% |
| 4 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥18.00 | 2.97% |
| 5 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥10.00 | 2.22% |
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