Yuken India Limited Stock Forecast
Yuken India Limited stock price up 3.27% on Friday
(Updated on Jun 28, 2024)
The Yuken India Limited stock price gained 3.27% on the last trading day (Friday, 28th Jun 2024), rising from ₹1,198.55 to ₹1,237.70. During the last trading day the stock fluctuated 4.34% from a day low at ₹1,198.00 to a day high of ₹1,250.00. The price has been going up and down for this period, and there has been a -3.62% loss for the last 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 23 thousand shares were bought and sold for approximately ₹28.11 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.95% during the next 3 months and, with a 90% probability hold a price between ₹1,201.64 and ₹1,437.36 at the end of this 3-month period.
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YUKEN.NS Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 3.27%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Yuken India Limited 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 ₹1,246.12 and ₹1,238.83. 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 Yuken India Limited stock
Yuken India Limited finds support from accumulated volume at ₹1,202.40 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 ₹52.00 between high and low, or 4.34%. For the last week, the stock has had daily average volatility of 5.01%.
Our recommended stop-loss: ₹1,171.51 (-5.35%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (YUKEN.NS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Yuken India Limited to open at ₹1,228.57, and during the day (based on 14 day Average True Range), to move between ₹1,166.53 and ₹1,308.87, which gives a possible trading interval of +/-₹71.17 (+/-5.75%) up or down from last closing price. If Yuken India Limited takes out the full calculated possible swing range there will be an estimated 11.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹1,243.45 (0.46%) than the support at ₹1,202.40 (2.85%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Yuken India Limited stock A Buy?
Yuken India Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.486 Hold/Accumulate Unchanged
Predicted Opening Price for Yuken India Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ₹1,228.57 ( 0.738%) | ₹1,237.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for YUKEN.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,280.57 | 3.46% |
| R2 | 1,260.70 | 1.86% |
| R1 | 1,248.43 | 0.87% |
| Price | 1,237.70 | |
| S1 | 1,208.70 | -2.34% |
| S2 | 1,196.43 | -3.33% |
| S3 | 1,176.57 | -4.94% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,312.10 | 6.01% |
| R2 | 1,284.25 | 3.76% |
| R1 | 1,243.45 | 0.465% |
| Price | 1,237.70 | |
| S1 | 1,202.40 | -2.85% |
| S2 | 1,170.85 | -5.40% |
| S3 | 1,080.10 | -12.73% |
YUKEN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 06, 2023 | Sep 06, 2023 | Oct 14, 2023 | ₹0.80 | 0.111% |
| 2 | Sep 05, 2022 | Sep 05, 2022 | Oct 14, 2022 | ₹0.80 | 0.157% |
| 3 | Sep 03, 2021 | Sep 03, 2021 | Oct 14, 2021 | ₹0.600 | 0.0909% |
FAQ
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