BYC Co., Ltd. Stock Forecast

Stronger technical forecast for BYC Co., Ltd. stock price after Tuesday trading.
(Updated on Apr 30, 2024)

001460.KS Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 2.63%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The BYC Co., Ltd. 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 ₩359,164.29. On a fall, the stock will find some support from the short-term average at ₩38,771.43. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

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

BYC Co., Ltd. finds support from accumulated volume at ₩38,800.00 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved ₩950.00 between high and low, or 2.48%. For the last week, the stock has had daily average volatility of 3.12%.

BYC Co., Ltd. is oversold on RSI14 (1). 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: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (001460.KS) For The Upcoming Trading Day Of Thursday 2nd

For the upcoming trading day on Thursday, 2nd we expect BYC Co., Ltd. to open at ₩38,883.33, and during the day (based on 14 day Average True Range), to move between ₩16,937.84 and ₩61,062.16, which gives a possible trading interval of +/-₩22,062.16 (+/-56.57%) up or down from last closing price. If BYC Co., Ltd. takes out the full calculated possible swing range there will be an estimated 113.14% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₩38,800.00 (0.51%) than the resistance at ₩39,450.00 (1.15%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is BYC Co., Ltd. stock A Buy?

BYC Co., Ltd. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -4.856 Sell Candidate Upgraded

Predicted Opening Price for BYC Co., Ltd. of Thursday, May 2, 2024

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