Yoshitsu Co., Ltd Stock Forecast
Yoshitsu Co., Ltd stock price up 0.527% on Friday
(Updated on Apr 26, 2024)
The Yoshitsu Co., Ltd stock price gained 0.527% on the last trading day (Friday, 26th Apr 2024), rising from $0.228 to $0.229. During the last trading day the stock fluctuated 3.39% from a day low at $0.224 to a day high of $0.232. The price has fallen in 7 of the last 10 days and is down by -5.46% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 28 thousand more shares were traded than the day before. In total, 52 thousand shares were bought and sold for approximately $11.86 thousand.
The stock lies in the middle of a very wide 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 -4.17% during the next 3 months and, with a 90% probability hold a price between $0.196 and $0.262 at the end of this 3-month period.
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TKLF Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 0.527%. Further rise is indicated until a new top pivot has been found. Yoshitsu Co., Ltd has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Yoshitsu Co., Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.233 and $0.247. 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).
Support, Risk & Stop-loss for Yoshitsu Co., Ltd stock
Yoshitsu Co., Ltd finds support from accumulated volume at $0.229 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0076 between high and low, or 3.39%. For the last week, the stock has had daily average volatility of 4.45%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TKLF) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Yoshitsu Co., Ltd to open at $0.228, and during the day (based on 14 day Average True Range), to move between $0.215 and $0.242, which gives a possible trading interval of +/-$0.0135 (+/-5.88%) up or down from last closing price. If Yoshitsu Co., Ltd takes out the full calculated possible swing range there will be an estimated 11.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.229 (0.09%) than the resistance at $0.263 (14.87%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Yoshitsu Co., Ltd stock A Buy?
Yoshitsu Co., Ltd holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.564 Sell Candidate Unchanged
Predicted Opening Price for Yoshitsu Co., Ltd of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $0.228 ( 0.175%) | $0.229 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TKLF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.236 | 3.15 % | |
| R2 | 0.233 | 1.88 % | ||
| R1 | 0.231 | 1.09 % | ||
| Current price: | 0.229 | |||
| Support | S1 | 0.225 | -1.44 % | |
| S2 | 0.224 | -2.23 % | ||
| S3 | 0.221 | -3.50 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.277 | 20.90 % | |
| R2 | 0.270 | 18.06 % | ||
| R1 | 0.263 | 14.87 % | ||
| Current price | 0.229 | |||
| Support | S1 | 0.229 | -0.0875% | |
| S2 | 0.228 | -0.525% | ||
| S3 | 0.215 | -5.99% |
FAQ
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