BYC Co., Ltd. Stock Forecast
BYC Co., Ltd. stock upgraded to Sell Candidate.
(Updated on Apr 26, 2024)
No changes to the price of BYC Co., Ltd. stock on the last trading day (Friday, 26th Apr 2024). During the last trading day the stock fluctuated 2.70% from a day low at ₩15,530.00 to a day high of ₩15,950.00. The price has fallen in 6 of the last 10 days and is down by -92.1% for this period.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₩14,929.55 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -19.76% during the next 3 months and, with a 90% probability hold a price between ₩11,979.32 and ₩154,521.34 at the end of this 3-month period.
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001465.KS Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has fallen 0%. 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 BYC 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 ₩16,008.57 and ₩149,033.14. 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 fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for BYC Co., Ltd. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 ₩420.00 between high and low, or 2.70%. For the last week, the stock has had daily average volatility of 1.84%.
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 (001465.KS) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect BYC Co., Ltd. to open at ₩15,733.33, and during the day (based on 14 day Average True Range), to move between ₩5,585.84 and ₩25,854.16, which gives a possible trading interval of +/-₩10,134.16 (+/-64.47%) up or down from last closing price. If BYC Co., Ltd. takes out the full calculated possible swing range there will be an estimated 128.93% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ ₩16,030.00, some ₩310.00 (1.97%) from the current price of ₩15,720.00, our system finds the risk reward not very attractive.
Is BYC Co., Ltd. stock A Buy?
BYC 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.724 Sell Candidate Upgraded
Predicted Opening Price for BYC Co., Ltd. of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| ₩15,733.33 ( 0.0848%) | ₩15,720.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 001465.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16,153.33 | 2.76 % | |
| R2 | 15,992.89 | 1.74 % | ||
| R1 | 15,893.77 | 1.11 % | ||
| Current price: | 15,720.00 | |||
| Support | S1 | 15,572.89 | -0.94 % | |
| S2 | 15,473.77 | -1.57 % | ||
| S3 | 15,313.33 | -2.59 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17,100.00 | 8.78 % | |
| R2 | 16,440.00 | 4.58 % | ||
| R1 | 16,030.00 | 1.97 % | ||
| Current price | 15,720.00 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
001465 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 22, 2024 | ₩3,050.00 | 18.65% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩3,050.00 | 21.55% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩1,550.00 | 8.42% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩1,150.00 | 8.33% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩1,150.00 | 9.31% |
FAQ
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