JW Pharmaceutical Corporation Stock Forecast
JW Pharmaceutical Corporation stock price ended at ₩29,000.00 on Friday, after gaining 1.75%.
(Updated on Jun 14, 2024)
The JW Pharmaceutical Corporation stock price gained 1.75% on the last trading day (Friday, 14th Jun 2024), rising from ₩28,500.00 to ₩29,000.00. During the last trading day the stock fluctuated 4.80% from a day low at ₩28,100.00 to a day high of ₩29,450.00. The price has risen in 5 of the last 10 days and is up by 1.75% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 37 more shares were traded than the day before. In total, 624 shares were bought and sold for approximately ₩18.10 million.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.62% during the next 3 months and, with a 90% probability hold a price between ₩25,582.19 and ₩27,855.49 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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001065.KS Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The JW Pharmaceutical Corporation stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ₩29,140.00. On a fall, the stock will find some support from the short-term average at ₩28,978.57. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Monday, June 03, 2024, and so far it has fallen -2.52%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for JW Pharmaceutical Corporation stock
JW Pharmaceutical Corporation finds support from accumulated volume at ₩28,700.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved ₩1,350.00 between high and low, or 4.80%. For the last week the stock has had daily average volatility of 2.39%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (001065.KS) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect JW Pharmaceutical Corporation to open at ₩28,850.00, and during the day (based on 14 day Average True Range), to move between ₩28,411.09 and ₩29,588.91, which gives a possible trading interval of +/-₩588.91 (+/-2.03%) up or down from last closing price. If JW Pharmaceutical Corporation takes out the full calculated possible swing range there will be an estimated 4.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩29,050.00 (0.17%) than the support at ₩28,700.00 (1.03%), 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 JW Pharmaceutical Corporation stock A Buy?
JW Pharmaceutical Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.230 Sell Candidate Unchanged
Predicted Opening Price for JW Pharmaceutical Corporation of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| ₩28,850.00 ( 0.517%) | ₩29,000.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 001065.KS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 30,200.00 | 4.14% |
| R2 | 29,684.30 | 2.36% |
| R1 | 29,365.70 | 1.26% |
| Price | 29,000.00 | |
| S1 | 28,334.30 | -2.30% |
| S2 | 28,015.70 | -3.39% |
| S3 | 27,500.00 | -5.17% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 30,600.00 | 5.52% |
| R2 | 29,450.00 | 1.55% |
| R1 | 29,050.00 | 0.172% |
| Price | 29,000.00 | |
| S1 | 28,700.00 | -1.03% |
| S2 | 28,550.00 | -1.55% |
| S3 | 28,500.00 | -1.72% |
001065 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 01, 2024 | ₩416.67 | 1.37% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩388.35 | 1.24% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩339.81 | 1.08% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩320.30 | 0.90% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩320.30 | 1.29% |
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