YELLOW HAT LTD. Stock Forecast
Evaluation of YELLOW HAT LTD. stock downgraded after the last trading session.
(Updated on May 17, 2024)
The YELLOW HAT LTD. stock price fell by -0.439% on the last day (Friday, 17th May 2024) from JP¥2,048.00 to JP¥2,039.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.48% from a day low at JP¥2,024.00 to a day high of JP¥2,054.00. The price has been going up and down for this period, and there has been a 0.3% gain for the last 2 weeks. Volume has increased on the last day by 29 thousand 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, 143 thousand shares were bought and sold for approximately JP¥291.17 million.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥2,024.98 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 9.23% during the next 3 months and, with a 90% probability hold a price between JP¥2,211.80 and JP¥2,327.51 at the end of this 3-month period.
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9882.T Signals & Forecast
The YELLOW HAT 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¥2,049.86. On a fall, the stock will find some support from the long-term average at approximately JP¥2,017.06. 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. 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 Thursday, April 18, 2024, and so far it has fallen -1.78%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for YELLOW HAT LTD. stock
YELLOW HAT LTD. finds support from accumulated volume at JP¥1,978.00 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¥30.00 between high and low, or 1.48%. For the last week the stock has had daily average volatility of 1.41%.
Our recommended stop-loss: JP¥1,975.86 (-3.10%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 30 days ago.)
Trading Expectations (9882.T) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect YELLOW HAT LTD. to open at JP¥2,039.00, and during the day (based on 14 day Average True Range), to move between JP¥2,007.17 and JP¥2,070.83, which gives a possible trading interval of +/-JP¥31.83 (+/-1.56%) up or down from last closing price. If YELLOW HAT LTD. takes out the full calculated possible swing range there will be an estimated 3.12% 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¥2,048.00 (0.44%) than the support at JP¥1,978.00 (2.99%), 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 YELLOW HAT LTD. stock A Buy?
YELLOW HAT LTD. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.684 Hold/Accumulate Downgraded
Predicted Opening Price for YELLOW HAT LTD. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| JP¥2,039.00 ( 0%) | JP¥2,039.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9882.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,069.00 | 1.47 % | |
| R2 | 2,057.54 | 0.91 % | ||
| R1 | 2,050.46 | 0.562 % | ||
| Current price: | 2,039.00 | |||
| Support | S1 | 2,027.54 | -0.562 % | |
| S2 | 2,020.46 | -0.91 % | ||
| S3 | 2,009.00 | -1.47 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,062.00 | 1.13 % | |
| R2 | 2,051.00 | 0.589 % | ||
| R1 | 2,048.00 | 0.441 % | ||
| Current price | 2,039.00 | |||
| Support | S1 | 1,978.00 | -2.99% | |
| S2 | 1,940.00 | -4.86% | ||
| S3 | 1,930.00 | -5.35% |
9882 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¥33.00 | 1.75% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥31.00 | 1.73% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥31.00 | 1.74% |
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