SYSTEM RESEARCH CO.,LTD. Stock Forecast
SYSTEM RESEARCH CO.,LTD. stock upgraded to Buy Candidate.
(Updated on Jun 27, 2024)
The SYSTEM RESEARCH CO.,LTD. stock price gained 1.26% on the last trading day (Thursday, 27th Jun 2024), rising from JP¥1,665.00 to JP¥1,686.00. It has now gained 4 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 1.32% from a day low at JP¥1,664.00 to a day high of JP¥1,686.00. The price has risen in 8 of the last 10 days and is up by 10.48% over the past 2 weeks. Volume fell on the last day by -19 thousand shares and in total, 42 thousand shares were bought and sold for approximately JP¥70.47 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 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 JP¥1,690.37 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 3.77% during the next 3 months and, with a 90% probability hold a price between JP¥1,584.03 and JP¥1,754.05 at the end of this 3-month period.
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3771.T Signals & Forecast
Mostly positive signals in the chart today. The SYSTEM RESEARCH CO.,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 JP¥1,635.14 and JP¥1,566.26. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 13.84%. 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. The stock had a Golden Star Signal on Monday, June 17, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Monday, June 17, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for SYSTEM RESEARCH CO.,LTD. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥1,559.00 and JP¥1,539.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, SYSTEM RESEARCH CO.,LTD. finds support just below today's level at JP¥1,559.00. If this is broken, then the next support from accumulated volume will be at JP¥1,539.00 and JP¥1,481.00.
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 JP¥22.00 between high and low, or 1.32%. For the last week, the stock has had daily average volatility of 2.26%.
The SYSTEM RESEARCH CO.,LTD. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: JP¥1,638.45 (-2.82%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 84 and this increases the risk substantially. There is a buy signal from a pivot bottom found 98 days ago.)
Trading Expectations (3771.T) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect SYSTEM RESEARCH CO.,LTD. to open at JP¥1,678.67, and during the day (based on 14 day Average True Range), to move between JP¥1,653.75 and JP¥1,718.25, which gives a possible trading interval of +/-JP¥32.25 (+/-1.91%) up or down from last closing price. If SYSTEM RESEARCH CO.,LTD. takes out the full calculated possible swing range there will be an estimated 3.83% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥1,559.00, some JP¥127.00 (7.53%) from the current price of JP¥1,686.00, our system finds the risk reward attractive.
Is SYSTEM RESEARCH CO.,LTD. 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 SYSTEM RESEARCH CO.,LTD. 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: 4.903 Buy Candidate Upgraded
Predicted Opening Price for SYSTEM RESEARCH CO.,LTD. of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| JP¥1,678.67 ( 0.435%) | JP¥1,686.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3771.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,700.67 | 0.87% |
| R2 | 1,692.26 | 0.371% |
| R1 | 1,687.07 | 0.0635% |
| Price | 1,686.00 | |
| S1 | 1,670.26 | -0.93% |
| S2 | 1,665.07 | -1.24% |
| S3 | 1,656.67 | -1.74% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 1,686.00 | |
| S1 | 1,559.00 | -7.53% |
| S2 | 1,539.00 | -8.72% |
| S3 | 1,481.00 | -12.16% |
3771 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2025 | Mar 28, 2025 | Mar 28, 2025 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Jun 04, 2024 | JP¥40.00 | 2.57% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥70.00 | 6.72% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥60.00 | 6.33% |
| 5 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥10.00 | 0.94% |
FAQ
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