YAMAZAWA CO.,LTD. Stock Forecast
YAMAZAWA CO.,LTD. stock downgraded from Buy Candidate to Hold/Accumulate after Thursday trading session.
(Updated on May 02, 2024)
The YAMAZAWA CO.,LTD. stock price gained 0.0804% on the last trading day (Thursday, 2nd May 2024), rising from JP¥1,244.00 to JP¥1,245.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.403% from a day low at JP¥1,240.00 to a day high of JP¥1,245.00. The price has risen in 7 of the last 10 days and is up by 1.14% over the past 2 weeks. Volume fell on the last day by -6 thousand shares and in total, 700 shares were bought and sold for approximately JP¥871.50 thousand. 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.
The stock lies in the middle of a narrow and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.51% during the next 3 months and, with a 90% probability hold a price between JP¥1,190.66 and JP¥1,223.78 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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9993.T Signals & Forecast
The YAMAZAWA CO.,LTD. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at JP¥1,239.86 and JP¥1,243.43. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 1.80%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for YAMAZAWA CO.,LTD. stock
YAMAZAWA CO.,LTD. finds support from accumulated volume at JP¥1,244.00 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved JP¥5.00 between high and low, or 0.403%. For the last week the stock has had daily average volatility of 0.99%
Our recommended stop-loss: JP¥1,183.89 (-4.91%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (9993.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect YAMAZAWA CO.,LTD. to open at JP¥1,243.33, and during the day (based on 14 day Average True Range), to move between JP¥1,236.68 and JP¥1,253.32, which gives a possible trading interval of +/-JP¥8.32 (+/-0.67%) up or down from last closing price. If YAMAZAWA CO.,LTD. takes out the full calculated possible swing range there will be an estimated 1.34% 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¥1,244.00 (0.08%) than the resistance at JP¥1,248.00 (0.24%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is YAMAZAWA CO.,LTD. stock A Buy?
YAMAZAWA CO.,LTD. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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: 0.475 Hold/Accumulate Downgraded
Predicted Opening Price for YAMAZAWA CO.,LTD. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥1,243.33 ( 0.134%) | JP¥1,245.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9993.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,248.33 | 0.268 % | |
| R2 | 1,246.42 | 0.114 % | ||
| R1 | 1,245.24 | 0.0195 % | ||
| Current price: | 1,245.00 | |||
| Support | S1 | 1,241.42 | -0.287 % | |
| S2 | 1,240.24 | -0.382 % | ||
| S3 | 1,238.33 | -0.535 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,280.00 | 2.81 % | |
| R2 | 1,252.00 | 0.562 % | ||
| R1 | 1,248.00 | 0.241 % | ||
| Current price | 1,245.00 | |||
| Support | S1 | 1,244.00 | -0.0803% | |
| S2 | 1,231.00 | -1.12% | ||
| S3 | 1,223.00 | -1.77% |
9993 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 29, 2024 | Aug 29, 2024 | Aug 29, 2024 | JP¥0 | 0% |
| 2 | Feb 28, 2024 | Feb 28, 2024 | Feb 28, 2024 | JP¥0 | 0% |
| 3 | Aug 30, 2023 | Aug 30, 2023 | Aug 30, 2023 | JP¥13.50 | 1.07% |
| 4 | Feb 27, 2023 | Feb 27, 2023 | Feb 27, 2023 | JP¥13.50 | 1.05% |
| 5 | Aug 30, 2022 | Aug 30, 2022 | Aug 30, 2022 | JP¥13.50 | 1.00% |
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