BYC Co., Ltd. Stock Forecast
Stronger technical forecast for BYC Co., Ltd. stock price after Friday trading.
(Updated on May 10, 2024)
The BYC Co., Ltd. stock price gained 2.24% on the last trading day (Friday, 10th May 2024), rising from ₩15,160.00 to ₩15,500.00. During the last trading day the stock fluctuated 2.65% from a day low at ₩15,100.00 to a day high of ₩15,500.00. The price has fallen in 7 of the last 10 days and is down by -3.13% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 676 more shares were traded than the day before. In total, 5 thousand shares were bought and sold for approximately ₩76.21 million.
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 ₩12,710.39 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -47.51% during the next 3 months and, with a 90% probability hold a price between ₩6,672.28 and ₩83,837.36 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, May 09, 2024, and so far it has risen 2.24%. Further rise is indicated until a new top pivot has been found. 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 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 ₩112,419.71. On a fall, the stock will find some support from the short-term average at ₩15,332.86. 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.
Support, Risk & Stop-loss for BYC Co., Ltd. stock
BYC Co., Ltd. finds support from accumulated volume at ₩15,440.00 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 ₩400.00 between high and low, or 2.65%. For the last week, the stock has had daily average volatility of 1.20%.
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 13th
For the upcoming trading day on Monday, 13th we expect BYC Co., Ltd. to open at ₩15,366.67, and during the day (based on 14 day Average True Range), to move between ₩9,808.02 and ₩21,191.98, which gives a possible trading interval of +/-₩5,691.98 (+/-36.72%) up or down from last closing price. If BYC Co., Ltd. takes out the full calculated possible swing range there will be an estimated 73.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩15,440.00 (0.39%) than the resistance at ₩15,720.00 (1.42%), 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: -4.476 Sell Candidate Upgraded
Predicted Opening Price for BYC Co., Ltd. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| ₩15,366.67 ( 0.86%) | ₩15,500.00 |
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 | 15,766.67 | 1.72 % | |
| R2 | 15,613.87 | 0.735 % | ||
| R1 | 15,519.47 | 0.126 % | ||
| Current price: | 15,500.00 | |||
| Support | S1 | 15,213.87 | -1.85 % | |
| S2 | 15,119.47 | -2.46 % | ||
| S3 | 14,966.67 | -3.44 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17,100.00 | 10.32 % | |
| R2 | 16,440.00 | 6.06 % | ||
| R1 | 15,720.00 | 1.42 % | ||
| Current price | 15,500.00 | |||
| Support | S1 | 15,440.00 | -0.387% | |
| S2 | 15,210.00 | -1.87% | ||
| S3 | 15,160.00 | -2.19% |
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% |
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