Yoma Strategic Holdings Ltd. Stock Forecast
Green day on Thursday for Yoma Strategic Holdings Ltd. stock after gaining 2.73%
(Updated on Jun 20, 2024)
The Yoma Strategic Holdings Ltd. stock price gained 2.73% on the last trading day (Thursday, 20th Jun 2024), rising from S$0.110 to S$0.113. During the last trading day the stock fluctuated 7.55% from a day low at S$0.106 to a day high of S$0.114. The price has been going up and down for this period, and there has been a 28.41% gain for the last 2 weeks. Volume fell on the last day by -19 million shares and in total, 35 million shares were bought and sold for approximately S$3.95 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 strong 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 56.73% during the next 3 months and, with a 90% probability hold a price between S$0.164 and S$0.195 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
Z59.SI Signals & Forecast
The Yoma Strategic Holdings Ltd. 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 S$0.107 and S$0.0912. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 9.71%. 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). 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.
Support, Risk & Stop-loss for Yoma Strategic Holdings Ltd. stock
Yoma Strategic Holdings Ltd. finds support from accumulated volume at S$0.110 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved S$0.0080 between high and low, or 7.55%. For the last week the stock has had daily average volatility of 8.53%.
Our recommended stop-loss: S$0.109 (-3.14%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (Z59.SI) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Yoma Strategic Holdings Ltd. to open at S$0.111, and during the day (based on 14 day Average True Range), to move between S$0.103 and S$0.123, which gives a possible trading interval of +/-S$0.0095 (+/-8.43%) up or down from last closing price. If Yoma Strategic Holdings Ltd. takes out the full calculated possible swing range there will be an estimated 16.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at S$0.114 (0.88%) than the support at S$0.110 (2.65%), 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 Yoma Strategic Holdings Ltd. stock A Buy?
Yoma Strategic Holdings Ltd. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Yoma Strategic Holdings Ltd. of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| S$0.111 ( 1.77%) | S$0.113 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for Z59.SI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.119 | 5.31% |
| R2 | 0.116 | 2.61% |
| R1 | 0.114 | 0.93% |
| Price | 0.113 | |
| S1 | 0.108 | -4.47% |
| S2 | 0.106 | -6.15% |
| S3 | 0.103 | -8.85% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0.114 | 0.88% |
| Price | 0.113 | |
| S1 | 0.110 | -2.65% |
| S2 | 0.0890 | -21.24% |
| S3 | 0.0860 | -23.89% |
Z59 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 07, 2018 | Aug 07, 2018 | Aug 30, 2018 | S$0.0025 | 0.781% |
| 2 | Aug 07, 2017 | Aug 07, 2017 | Aug 18, 2017 | S$0.0025 | 0.442% |
| 3 | Aug 05, 2016 | Aug 05, 2016 | Aug 05, 2016 | S$0.0025 | 0.427% |
| 4 | Aug 01, 2013 | Aug 01, 2013 | Aug 01, 2013 | S$0.0045 | 0.578% |
| 5 | Apr 09, 2012 | Apr 09, 2012 | Apr 09, 2012 | S$0.0036 | 0.83% |
FAQ
Click here for our free guide on how to buy Yoma Strategic Holdings Ltd. Stock.
