SRA Holdings,Inc. Stock Forecast
SRA Holdings,Inc. stock upgraded to Buy Candidate.
(Updated on May 20, 2024)
The SRA Holdings,Inc. stock price gained 3.04% on the last trading day (Monday, 20th May 2024), rising from JP¥3,950.00 to JP¥4,070.00. During the last trading day the stock fluctuated 3.16% from a day low at JP¥3,950.00 to a day high of JP¥4,075.00. The price has been going up and down for this period, and there has been a 3.96% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 19 thousand more shares were traded than the day before. In total, 25 thousand shares were bought and sold for approximately JP¥103.38 million.
The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at JP¥4,114.53 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect SRA Holdings,Inc. stock with a 90% probability to be traded between JP¥3,848.35 and JP¥4,113.39 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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3817.T Signals & Forecast
Mostly positive signals in the chart today. The SRA Holdings,Inc. 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¥4,009.29 and JP¥3,950.71. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 5.30%. 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.
A buy signal from a double bottom formation was found on Thursday, April 25, 2024 and based on theory for this formation the price should go up by 3.81% to JP¥4,225.00 within 16 trading days since signal was issued (Tuesday, May 21, 2024).
Support, Risk & Stop-loss for SRA Holdings,Inc. stock
SRA Holdings,Inc. finds support from accumulated volume at JP¥4,045.00 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 JP¥125.00 between high and low, or 3.16%. For the last week the stock has had daily average volatility of 1.99%.
Our recommended stop-loss: JP¥3,856.91 (-5.24%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 24 days ago.)
Trading Expectations (3817.T) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect SRA Holdings,Inc. to open at JP¥4,031.67, and during the day (based on 14 day Average True Range), to move between JP¥3,997.30 and JP¥4,142.70, which gives a possible trading interval of +/-JP¥72.70 (+/-1.79%) up or down from last closing price. If SRA Holdings,Inc. takes out the full calculated possible swing range there will be an estimated 3.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at JP¥4,085.00 (0.37%) than the support at JP¥4,045.00 (0.61%), 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 SRA Holdings,Inc. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for SRA Holdings,Inc. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.291 Buy Candidate Upgraded
Predicted Opening Price for SRA Holdings,Inc. of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| JP¥4,031.67 ( 0.94%) | JP¥4,070.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3817.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,156.67 | 2.13 % | |
| R2 | 4,108.92 | 0.96 % | ||
| R1 | 4,079.42 | 0.231 % | ||
| Current price: | 4,070.00 | |||
| Support | S1 | 3,983.92 | -2.12 % | |
| S2 | 3,954.42 | -2.84 % | ||
| S3 | 3,906.67 | -4.01 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,115.00 | 1.11 % | |
| R2 | 4,105.00 | 0.86 % | ||
| R1 | 4,085.00 | 0.369 % | ||
| Current price | 4,070.00 | |||
| Support | S1 | 4,045.00 | -0.614% | |
| S2 | 4,015.00 | -1.35% | ||
| S3 | 3,865.00 | -5.04% |
3817 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥100.00 | 3.44% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥40.00 | 1.32% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥90.00 | 3.21% |
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