BELLSYSTEM24 HOLDINGS,INC. Stock Forecast
Weaker technical forecast for BELLSYSTEM24 HOLDINGS,INC. as stock downgraded to Hold/Accumulate.
(Updated on Jun 26, 2024)
The BELLSYSTEM24 HOLDINGS,INC. stock price fell by -2.13% on the last day (Wednesday, 26th Jun 2024) from JP¥1,600.00 to JP¥1,566.00. During the last trading day the stock fluctuated 3.65% from a day low at JP¥1,534.00 to a day high of JP¥1,590.00. The price has risen in 6 of the last 10 days and is up by 7.19% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -7 thousand shares and in total, 243 thousand shares were bought and sold for approximately JP¥379.76 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect BELLSYSTEM24 HOLDINGS,INC. stock with a 90% probability to be traded between JP¥1,406.10 and JP¥1,578.07 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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6183.T Signals & Forecast
The BELLSYSTEM24 HOLDINGS,INC. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at JP¥1,523.43 and JP¥1,546.69. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, June 25, 2024, and so far it has fallen -2.13%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for BELLSYSTEM24 HOLDINGS,INC. stock
BELLSYSTEM24 HOLDINGS,INC. finds support from accumulated volume at JP¥1,554.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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¥56.00 between high and low, or 3.65%. For the last week, the stock has had daily average volatility of 3.26%.
Our recommended stop-loss: JP¥1,496.59 (-4.43%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (6183.T) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect BELLSYSTEM24 HOLDINGS,INC. to open at JP¥1,563.33, and during the day (based on 14 day Average True Range), to move between JP¥1,525.66 and JP¥1,606.34, which gives a possible trading interval of +/-JP¥40.34 (+/-2.58%) up or down from last closing price. If BELLSYSTEM24 HOLDINGS,INC. takes out the full calculated possible swing range there will be an estimated 5.15% 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¥1,577.00 (0.70%) than the support at JP¥1,554.00 (0.77%), 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 BELLSYSTEM24 HOLDINGS,INC. stock A Buy?
BELLSYSTEM24 HOLDINGS,INC. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.341 Hold/Accumulate Downgraded
Predicted Opening Price for BELLSYSTEM24 HOLDINGS,INC. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| JP¥1,563.33 ( 0.170%) | JP¥1,566.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6183.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,619.33 | 3.41% |
| R2 | 1,597.94 | 2.04% |
| R1 | 1,584.73 | 1.20% |
| Price | 1,566.00 | |
| S1 | 1,541.94 | -1.54% |
| S2 | 1,528.73 | -2.38% |
| S3 | 1,507.33 | -3.75% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,606.00 | 2.55% |
| R2 | 1,600.00 | 2.17% |
| R1 | 1,577.00 | 0.702% |
| Price | 1,566.00 | |
| S1 | 1,554.00 | -0.766% |
| S2 | 1,552.00 | -0.89% |
| S3 | 1,480.00 | -5.49% |
6183 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 29, 2024 | Aug 29, 2024 | Nov 01, 2024 | JP¥30.00 | 1.92% |
| 2 | Feb 28, 2024 | Feb 28, 2024 | Feb 28, 2024 | JP¥30.00 | 1.78% |
| 3 | Aug 30, 2023 | Aug 30, 2023 | Aug 30, 2023 | JP¥30.00 | 1.97% |
| 4 | Feb 27, 2023 | Feb 27, 2023 | Feb 27, 2023 | JP¥30.00 | 2.07% |
| 5 | Aug 30, 2022 | Aug 30, 2022 | Aug 30, 2022 | JP¥30.00 | 2.08% |
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