Yoma Strategic Holdings Ltd. Stock Forecast
Yoma Strategic Holdings Ltd. stock price ended at S$0.115 on Friday, after gaining 1.77%.
(Updated on Jun 21, 2024)
The Yoma Strategic Holdings Ltd. stock price gained 1.77% on the last trading day (Friday, 21st Jun 2024), rising from S$0.113 to S$0.115. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 5.26% from a day low at S$0.114 to a day high of S$0.120. The price has risen in 6 of the last 10 days and is up by 32.18% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 30 million more shares were traded than the day before. In total, 65 million shares were bought and sold for approximately S$7.51 million.
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 59.37% during the next 3 months and, with a 90% probability hold a price between S$0.171 and S$0.203 at the end of this 3-month period.
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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$0.111 and S$0.0924. 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 11.65%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Yoma Strategic Holdings Ltd. stock
Yoma Strategic Holdings Ltd. finds support from accumulated volume at S$0.114 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$0.0060 between high and low, or 5.26%. For the last week the stock has had daily average volatility of 7.57%.
Our recommended stop-loss: S$0.111 (-3.64%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (Z59.SI) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Yoma Strategic Holdings Ltd. to open at S$0.116, and during the day (based on 14 day Average True Range), to move between S$0.106 and S$0.124, which gives a possible trading interval of +/-S$0.0093 (+/-8.13%) 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 16.26% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ S$0.114, some S$0.0010 (0.87%) from the current price of S$0.115, our system finds the risk reward attractive.
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 Monday, June 24, 2024
Fair opening price June 24, 2024 | Current price |
---|---|
S$0.116 ( 1.16%) | S$0.115 |
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 | 0.122 | 6.38% |
R2 | 0.120 | 4.38% |
R1 | 0.119 | 3.15% |
Price | 0.115 | |
S1 | 0.114 | -0.83% |
S2 | 0.113 | -2.06% |
S3 | 0.110 | -4.06% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0 | - |
R1 | 0 | - |
Price | 0.115 | |
S1 | 0.114 | -0.87% |
S2 | 0.110 | -4.35% |
S3 | 0.0890 | -22.61% |
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
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