Yoshiharu Global Co. Stock Forecast
Yoshiharu Global Co. stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on Jun 27, 2024)
No changes to the price of Yoshiharu Global Co. stock on the last trading day (Thursday, 27th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $4.40 to a day high of $4.40. The price has risen in 5 of the last 10 days and is up by 11.96% over the past 2 weeks.
The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $4.44 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 5.33% during the next 3 months and, with a 90% probability hold a price between $3.97 and $4.68 at the end of this 3-month period.
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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. 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 $4.12 and $4.00. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, June 26, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Yoshiharu Global Co. stock
Yoshiharu Global Co. finds support from accumulated volume at $4.20 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 14.05%
Our recommended stop-loss: $4.23 (-3.86%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (YOSH) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Yoshiharu Global Co. to open at $4.40, and during the day (based on 14 day Average True Range), to move between $4.05 and $4.75, which gives a possible trading interval of +/-$0.346 (+/-7.87%) up or down from last closing price. If Yoshiharu Global Co. takes out the full calculated possible swing range there will be an estimated 15.74% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $4.20, some $0.200 (4.55%) from the current price of $4.40, our system finds the risk reward attractive.
Is Yoshiharu Global Co. stock A Buy?
Several short-term signals, along with a general good trend, 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.223 Buy Candidate Upgraded
Predicted Opening Price for Yoshiharu Global Co. of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $4.40 ( 0%) | $4.40 |
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 | 4.40 | - |
| R2 | 4.40 | - |
| R1 | 4.40 | - |
| Price | 4.40 | |
| S1 | 4.40 | - |
| S2 | 4.40 | - |
| S3 | 4.40 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 4.40 | |
| S1 | 4.20 | -4.55% |
| S2 | 4.04 | -8.18% |
| S3 | 3.81 | -13.41% |
FAQ
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