Samhwa Paints Industrial Co., Ltd. Stock Forecast
Red day on Friday for Samhwa Paints Industrial Co., Ltd. stock after losing 2.44%
(Updated on Jun 21, 2024)
The Samhwa Paints Industrial Co., Ltd. stock price fell by -2.44% on the last day (Friday, 21st Jun 2024) from ₩8,200.00 to ₩8,000.00. During the last trading day the stock fluctuated 3.00% from a day low at ₩8,000.00 to a day high of ₩8,240.00. The price has been going up and down for this period, and there has been a -1.96% loss for the last 2 weeks. Volume has increased on the last day by 27 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 129 thousand shares were bought and sold for approximately ₩1.03 billion.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Samhwa Paints Industrial Co., Ltd. stock with a 90% probability to be traded between ₩7,395.77 and ₩10,024.76 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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000390.KS Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 0.88%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Samhwa Paints Industrial 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 ₩8,095.71 and ₩8,233.14. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Samhwa Paints Industrial Co., Ltd. stock
Samhwa Paints Industrial Co., Ltd. finds support from accumulated volume at ₩7,660.00 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 ₩240.00 between high and low, or 3.00%. For the last week, the stock has had daily average volatility of 2.44%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (000390.KS) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Samhwa Paints Industrial Co., Ltd. to open at ₩8,080.00, and during the day (based on 14 day Average True Range), to move between ₩7,586.97 and ₩8,413.03, which gives a possible trading interval of +/-₩413.03 (+/-5.16%) up or down from last closing price. If Samhwa Paints Industrial Co., Ltd. takes out the full calculated possible swing range there will be an estimated 10.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩7,660.00 (4.25%) than the resistance at ₩9,190.00 (14.88%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Samhwa Paints Industrial Co., Ltd. stock A Buy?
Samhwa Paints Industrial Co., Ltd. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.270 Sell Candidate Unchanged
Predicted Opening Price for Samhwa Paints Industrial Co., Ltd. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| ₩8,080.00 ( 1.00%) | ₩8,000.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000390.KS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 8,320.00 | 4.00% |
| R2 | 8,228.32 | 2.85% |
| R1 | 8,171.68 | 2.15% |
| Price | 8,000.00 | |
| S1 | 7,988.32 | -0.146% |
| S2 | 7,931.68 | -0.85% |
| S3 | 7,840.00 | -2.00% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9,770.00 | 22.13% |
| R2 | 9,750.00 | 21.88% |
| R1 | 9,190.00 | 14.88% |
| Price | 8,000.00 | |
| S1 | 7,660.00 | -4.25% |
| S2 | 7,520.00 | -6.00% |
| S3 | 7,510.00 | -6.13% |
000390 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 18, 2024 | ₩250.00 | 3.26% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩250.00 | 4.17% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩100.00 | 1.07% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩150.00 | 1.06% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩125.00 | 2.46% |
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