YAOKO CO.,LTD Stock Forecast
Red day on Friday for YAOKO CO.,LTD stock after losing 4.42%
(Updated on Apr 19, 2024)
The YAOKO CO.,LTD stock price fell by -4.42% on the last day (Friday, 19th Apr 2024) from JP¥8,850.00 to JP¥8,459.00. During the last trading day the stock fluctuated 4.83% from a day low at JP¥8,413.00 to a day high of JP¥8,819.00. The price has been going up and down for this period, and there has been a -3.48% loss for the last 2 weeks. Volume has increased on the last day by 15 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 79 thousand shares were bought and sold for approximately JP¥669.11 million.
Given the current short-term trend, the stock is expected to rise 8.20% during the next 3 months and, with a 90% probability hold a price between JP¥9,152.62 and JP¥10,543.35 at the end of this 3-month period.
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8279.T Signals & Forecast
There are few to no technical positive signals at the moment. The YAOKO CO.,LTD stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at JP¥8,798.57 and JP¥8,979.69. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 19, 2024, and so far it has fallen -10.75%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for YAOKO CO.,LTD stock
YAOKO CO.,LTD finds support from accumulated volume at JP¥8,449.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥406.00 (4.83%) between high and low. For the last week, the stock has had daily average volatility of 2.53%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (8279.T) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect YAOKO CO.,LTD to open at JP¥8,563.67, and during the day (based on 14 day Average True Range), to move between JP¥8,281.75 and JP¥8,636.25, which gives a possible trading interval of +/-JP¥177.25 (+/-2.10%) up or down from last closing price. If YAOKO CO.,LTD takes out the full calculated possible swing range there will be an estimated 4.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at JP¥8,449.00 (0.12%) than the resistance at JP¥8,547.00 (1.04%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is YAOKO CO.,LTD stock A Buy?
The YAOKO CO.,LTD stock holds several negative signals and despite the positive trend, we believe YAOKO CO.,LTD will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.537 Sell Candidate Unchanged
Predicted Opening Price for YAOKO CO.,LTD of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| JP¥8,563.67 ( 1.24%) | JP¥8,459.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8279.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8,969.67 | 6.04 % | |
| R2 | 8,814.57 | 4.20 % | ||
| R1 | 8,718.76 | 3.07 % | ||
| Current price: | 8,459.00 | |||
| Support | S1 | 8,408.57 | -0.596 % | |
| S2 | 8,312.76 | -1.73 % | ||
| S3 | 8,157.67 | -3.56 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9,478.00 | 12.05 % | |
| R2 | 8,612.00 | 1.81 % | ||
| R1 | 8,547.00 | 1.04 % | ||
| Current price | 8,459.00 | |||
| Support | S1 | 8,449.00 | -0.118% | |
| S2 | 8,142.00 | -3.75% | ||
| S3 | 8,038.00 | -4.98% |
8279 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥42.50 | 0.550% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥45.00 | 0.654% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥40.00 | 0.604% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥43.75 | 0.649% |
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