Net One Systems Co.,Ltd. Stock Forecast
Net One Systems Co.,Ltd. stock price ended at JP¥2,622.50 on Thursday, after losing 1.61%.
(Updated on Jun 13, 2024)
The Net One Systems Co.,Ltd. stock price fell by -1.61% on the last day (Thursday, 13th Jun 2024) from JP¥2,665.50 to JP¥2,622.50. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 2.99% from a day low at JP¥2,612.00 to a day high of JP¥2,690.00. The price has fallen in 8 of the last 10 days and is down by -10.22% for this period. 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 -59 thousand shares and in total, 485 thousand shares were bought and sold for approximately JP¥1.27 billion.
The stock has broken the wide and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at JP¥2,666.86. A reaction back to this level may hold a second chance to get out before further falls.
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7518.T Signals & Forecast
There are few to no technical positive signals at the moment. The Net One Systems 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¥2,763.79 and JP¥2,818.27. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 31, 2024, and so far it has fallen -12.03%. 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 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 Net One Systems Co.,Ltd. stock
Net One Systems Co.,Ltd. finds support from accumulated volume at JP¥2,621.50 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¥78.00 between high and low, or 2.99%. For the last week, the stock has had daily average volatility of 2.60%.
Net One Systems Co.,Ltd. is oversold on RSI14 (18). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (7518.T) For The Upcoming Trading Day Of Friday 14th
For the upcoming trading day on Friday, 14th we expect Net One Systems Co.,Ltd. to open at JP¥2,641.50, and during the day (based on 14 day Average True Range), to move between JP¥2,552.78 and JP¥2,692.22, which gives a possible trading interval of +/-JP¥69.72 (+/-2.66%) up or down from last closing price. If Net One Systems Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 5.32% 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¥2,621.50 (0.04%) than the resistance at JP¥2,824.50 (7.70%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Net One Systems Co.,Ltd. stock A Buy?
The Net One Systems Co.,Ltd. stock holds several negative signals and despite the positive trend, we believe Net One Systems Co.,Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.647 Sell Candidate Unchanged
Predicted Opening Price for Net One Systems Co.,Ltd. of Friday, June 14, 2024
| Fair opening price June 14, 2024 | Current price |
|---|---|
| JP¥2,641.50 ( 0.724%) | JP¥2,622.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7518.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,719.50 | 3.70% |
| R2 | 2,689.70 | 2.56% |
| R1 | 2,671.30 | 1.86% |
| Price | 2,622.50 | |
| S1 | 2,611.70 | -0.412% |
| S2 | 2,593.30 | -1.11% |
| S3 | 2,563.50 | -2.25% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,965.00 | 13.06% |
| R2 | 2,961.00 | 12.91% |
| R1 | 2,824.50 | 7.70% |
| Price | 2,622.50 | |
| S1 | 2,621.50 | -0.0381% |
| S2 | 2,611.00 | -0.439% |
| S3 | 2,588.50 | -1.30% |
7518 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 | Jun 27, 2024 | JP¥37.00 | 1.41% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥37.00 | 1.32% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥37.00 | 1.18% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥37.00 | 1.29% |
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