YAMAZAWA CO.,LTD. Stock Forecast

Evaluation of YAMAZAWA CO.,LTD. stock downgraded after the last trading session.
(Updated on May 17, 2024)

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. 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¥1,252.00 and JP¥1,244.14. 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 3.52%. 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. The stock had a Golden Star Signal on Wednesday, May 01, 2024 in the short-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 YAMAZAWA CO.,LTD. stock

YAMAZAWA CO.,LTD. finds support from accumulated volume at JP¥1,245.00 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¥12.00 between high and low, or 0.96%. For the last week the stock has had daily average volatility of 1.22%.

Our recommended stop-loss: JP¥1,208.30 (-4.56%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)

Trading Expectations (9993.T) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect YAMAZAWA CO.,LTD. to open at JP¥1,262.00, and during the day (based on 14 day Average True Range), to move between JP¥1,255.81 and JP¥1,276.19, which gives a possible trading interval of +/-JP¥10.19 (+/-0.81%) up or down from last closing price. If YAMAZAWA CO.,LTD. takes out the full calculated possible swing range there will be an estimated 1.61% 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¥1,270.00 (0.32%) than the support at JP¥1,245.00 (1.66%), 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 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: 0.640 Hold/Accumulate Downgraded

Predicted Opening Price for YAMAZAWA CO.,LTD. of Monday, May 20, 2024

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