Yoshiharu Global Co. Stock Forecast
High volatility in Yoshiharu Global Co. stock price on Friday which ended trading at $4.04
(Updated on Jun 21, 2024)
The Yoshiharu Global Co. stock price gained 7.73% on the last trading day (Friday, 21st Jun 2024), rising from $3.75 to $4.04. During the last trading day the stock fluctuated 40.80% from a day low at $3.75 to a day high of $5.28. The price has been going up and down for this period, and there has been a -3.81% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 318 thousand more shares were traded than the day before. In total, 321 thousand shares were bought and sold for approximately $1.30 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Yoshiharu Global Co. stock with a 90% probability to be traded between $3.62 and $4.39 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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YOSH Signals & Forecast
The Yoshiharu Global Co. 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 $3.90 and $3.94. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 7.73%. Further rise is indicated until a new top pivot has been found. Yoshiharu Global Co. 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. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Yoshiharu Global Co. stock
Yoshiharu Global Co. finds support from accumulated volume at $4.01 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 $1.53 between high and low, or 40.80%. For the last week, the stock has had daily average volatility of 15.58%.
Our recommended stop-loss: $3.86 (-4.55%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (YOSH) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Yoshiharu Global Co. to open at $4.36, and during the day (based on 14 day Average True Range), to move between $3.67 and $4.41, which gives a possible trading interval of +/-$0.369 (+/-9.14%) up or down from last closing price. If Yoshiharu Global Co. takes out the full calculated possible swing range there will be an estimated 18.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $4.01 (0.74%) than the resistance at $4.11 (1.73%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Yoshiharu Global Co. will release earnings BMO on Wednesday, June 26, 2024. We will update the financials statements for Yoshiharu Global Co., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 17.63% in the first trading day after earnings release.
Is Yoshiharu Global Co. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Yoshiharu Global Co. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.654 Buy Candidate Upgraded
Predicted Opening Price for Yoshiharu Global Co. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $4.36 ( 7.84%) | $4.04 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for YOSH
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.89 | 45.71% |
| R2 | 5.30 | 31.24% |
| R1 | 4.94 | 22.31% |
| Price | 4.04 | |
| S1 | 3.77 | -6.63% |
| S2 | 3.41 | -15.57% |
| S3 | 2.83 | -30.03% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.20 | 3.96% |
| R2 | 4.19 | 3.71% |
| R1 | 4.11 | 1.73% |
| Price | 4.04 | |
| S1 | 4.01 | -0.743% |
| S2 | 3.92 | -2.97% |
| S3 | 3.81 | -5.69% |
FAQ
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