Samil Pharmaceutical Co.,Ltd Stock Forecast

Samil Pharmaceutical Co.,Ltd stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 03, 2024)

000520.KS Signals & Forecast

There are few to no technical positive signals at the moment. The Samil Pharmaceutical 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 ₩9,235.71 and ₩10,039.71. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 01, 2024, and so far it has fallen -23.24%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Samil Pharmaceutical Co.,Ltd stock

Samil Pharmaceutical Co.,Ltd finds support from accumulated volume at ₩8,720.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₩350.00 between high and low, or 3.88%. For the last week, the stock has had daily average volatility of 3.79%.

Samil Pharmaceutical Co.,Ltd is oversold on RSI14 (15). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: ₩8,631.02 (-4.63%) (This stock has high daily movements and this gives high risk. Low RSI14 is 15 which reduces the risk some. There is a sell signal from a pivot top found 22 days ago.)

Trading Expectations (000520.KS) For The Upcoming Trading Day Of Tuesday 7th

For the upcoming trading day on Tuesday, 7th we expect Samil Pharmaceutical Co.,Ltd to open at ₩9,140.00, and during the day (based on 14 day Average True Range), to move between ₩8,537.88 and ₩9,562.12, which gives a possible trading interval of +/-₩512.12 (+/-5.66%) up or down from last closing price. If Samil Pharmaceutical Co.,Ltd takes out the full calculated possible swing range there will be an estimated 11.32% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₩9,170.00 (1.33%) than the support at ₩8,720.00 (3.65%), 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 Samil Pharmaceutical Co.,Ltd stock A Buy?

Samil Pharmaceutical Co.,Ltd holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.548 Hold/Accumulate Upgraded

Predicted Opening Price for Samil Pharmaceutical Co.,Ltd of Tuesday, May 7, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.