Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical and Quantitative Research

Keyence – 1Q Weak but It Is the SG&A and Hiring Trend Which Should Be Monitored

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical Analysis

<p>Technology remains one of our favorite Sector overweights, both globally and within Japan. Additionally, Japan remains among the most attractive countries globally, with major indexes (TOPIX and Nikkei 225) continuing to develop positively in terms of price and RS ever since bullish reversals in mid-September. We believe Keyence offers a timely opportunity to take advantage of what we expect are higher prices ahead for both the stock and the Japanese Technology Sector.</p>

Technology remains one of our favorite Sector overweights, both globally and within Japan. Additionally, Japan remains among the most attractive countries globally, with major indexes (TOPIX and Nikkei 225) continuing to develop positively in terms of price and RS ever since bullish reversals in mid-September. We believe Keyence offers a timely opportunity to take advantage of what we expect are higher prices ahead for both the stock and the Japanese Technology Sector.

Keyence Corp

Keyence Corp.: Buy