Yoshitsu Co., Ltd Stock Forecast

Big movements in Yoshitsu Co., Ltd stock price on Thursday moving 13.16% between high and low
(Updated on May 09, 2024)

TKLF Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 0.687%. 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. 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 $0.229 and $0.239. A break-up above any of these levels will issue buy signals. Yoshitsu Co., Ltd gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for Yoshitsu Co., Ltd stock

Yoshitsu Co., Ltd finds support from accumulated volume at $0.218 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 $0.0279 between high and low, or 13.16%. For the last week, the stock has had daily average volatility of 10.28%.

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 Friday 10th

For the upcoming trading day on Friday, 10th we expect Yoshitsu Co., Ltd to open at $0.224, and during the day (based on 14 day Average True Range), to move between $0.202 and $0.237, which gives a possible trading interval of +/-$0.0177 (+/-8.07%) up or down from last closing price. If Yoshitsu Co., Ltd takes out the full calculated possible swing range there will be an estimated 16.15% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.218 (0.68%) than the resistance at $0.240 (9.19%), 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 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: -2.742 Sell Candidate Unchanged

Predicted Opening Price for Yoshitsu Co., Ltd of Friday, May 10, 2024

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