Yancoal Australia Ltd Stock Forecast
Red day on Friday for Yancoal Australia Ltd stock after losing 1.44%
(Updated on Apr 26, 2024)
The Yancoal Australia Ltd stock price fell by -1.44% on the last day (Friday, 26th Apr 2024) from $5.54 to $5.46. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 2.57% from a day low at $5.45 to a day high of $5.59. The price has fallen in 7 of the last 10 days and is down by -4.71% for this period. Volume has increased on the last day by 567 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, 2 million shares were bought and sold for approximately $8.38 million.
The stock lies in the middle of a 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 -6.86% during the next 3 months and, with a 90% probability hold a price between $4.72 and $5.41 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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YAL.AX Signals & Forecast
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 Yancoal Australia Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $5.68 and $5.56. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 16, 2024, and so far it has fallen -6.83%. Further fall is indicated until a new bottom pivot has been found. 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 Yancoal Australia Ltd stock
Yancoal Australia Ltd finds support from accumulated volume at $5.38 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 $0.140 between high and low, or 2.57%. For the last week, the stock has had daily average volatility of 2.84%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (YAL.AX) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Yancoal Australia Ltd to open at $5.50, and during the day (based on 14 day Average True Range), to move between $5.30 and $5.62, which gives a possible trading interval of +/-$0.156 (+/-2.86%) up or down from last closing price. If Yancoal Australia Ltd takes out the full calculated possible swing range there will be an estimated 5.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $5.38 (1.47%) than the resistance at $5.67 (3.85%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Yancoal Australia Ltd stock A Buy?
Yancoal Australia 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: -3.152 Sell Candidate Unchanged
Predicted Opening Price for Yancoal Australia Ltd of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $5.50 ( 0.733%) | $5.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for YAL.AX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.64 | 3.30 % | |
| R2 | 5.59 | 2.32 % | ||
| R1 | 5.55 | 1.71 % | ||
| Current price: | 5.46 | |||
| Support | S1 | 5.45 | -0.247 % | |
| S2 | 5.41 | -0.85 % | ||
| S3 | 5.36 | -1.83 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.22 | 13.92 % | |
| R2 | 6.16 | 12.82 % | ||
| R1 | 5.67 | 3.85 % | ||
| Current price | 5.46 | |||
| Support | S1 | 5.38 | -1.47% | |
| S2 | 5.33 | -2.38% | ||
| S3 | 5.28 | -3.30% |
YAL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 12, 2024 | Mar 12, 2024 | Apr 30, 2024 | $0.325 | 5.90% |
| 2 | Mar 14, 2023 | Mar 14, 2023 | Mar 14, 2023 | $0.700 | 12.28% |
| 3 | Sep 05, 2022 | Sep 05, 2022 | Sep 05, 2022 | $0.527 | 8.35% |
| 4 | Mar 15, 2022 | Mar 15, 2022 | Mar 15, 2022 | $0.204 | 4.87% |
| 5 | Feb 28, 2020 | Mar 13, 2020 | Apr 29, 2020 | $0.212 | 10.00% |
FAQ
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