Sambu Engineering & Construction Co., Stock Forecast
Big movements in Sambu Engineering & Construction Co., stock price on Friday moving 10.54% between high and low
(Updated on May 17, 2024)
The Sambu Engineering & Construction Co., stock price fell by -7.06% on the last day (Friday, 17th May 2024) from ₩1,727.00 to ₩1,605.00. During the last trading day the stock fluctuated 10.54% from a day low at ₩1,470.00 to a day high of ₩1,625.00. The price has risen in 5 of the last 10 days and is up by 1.65% over the past 2 weeks. Volume has increased on the last day by 2 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 7 million shares were bought and sold for approximately ₩10.98 billion.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at ₩1,706.28 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -41.74% during the next 3 months and, with a 90% probability hold a price between ₩633.43 and ₩994.01 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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001470.KS Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Sambu Engineering & Construction Co., stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ₩1,649.86 and ₩1,645.86. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -7.06%. Further fall is indicated until a new bottom pivot has been found. 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 Sambu Engineering & Construction Co., stock
Sambu Engineering & Construction Co., finds support from accumulated volume at ₩1,579.00 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 ₩155.00 between high and low, or 10.54%. For the last week, the stock has had daily average volatility of 6.08%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (001470.KS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Sambu Engineering & Construction Co., Ltd to open at ₩1,566.67, and during the day (based on 14 day Average True Range), to move between ₩1,469.05 and ₩1,740.95, which gives a possible trading interval of +/-₩135.95 (+/-8.47%) up or down from last closing price. If Sambu Engineering & Construction Co., Ltd takes out the full calculated possible swing range there will be an estimated 16.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩1,579.00 (1.62%) than the resistance at ₩1,670.00 (4.05%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sambu Engineering & Construction Co., Ltd stock A Buy?
Sambu Engineering & Construction Co., 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Sell candidate.
Current score: -5.964 Strong Sell Candidate Downgraded
Predicted Opening Price for Sambu Engineering & Construction Co., Ltd of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ₩1,566.67 ( 2.39%) | ₩1,605.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 001470.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,721.67 | 7.27 % | |
| R2 | 1,662.46 | 3.58 % | ||
| R1 | 1,625.88 | 1.30 % | ||
| Current price: | 1,605.00 | |||
| Support | S1 | 1,507.46 | -6.08 % | |
| S2 | 1,470.88 | -8.36 % | ||
| S3 | 1,411.67 | -12.05 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,836.00 | 14.39 % | |
| R2 | 1,731.00 | 7.85 % | ||
| R1 | 1,670.00 | 4.05 % | ||
| Current price | 1,605.00 | |||
| Support | S1 | 1,579.00 | -1.62% | |
| S2 | 1,540.00 | -4.05% | ||
| S3 | 1,352.00 | -15.76% |
001470 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 29, 2010 | Dec 29, 2010 | Dec 29, 2010 | ₩1,470.59 | 0.91% |
| 2 | Dec 29, 2009 | Dec 29, 2009 | Dec 29, 2009 | ₩1,441.75 | 0.676% |
| 3 | Dec 29, 2008 | Dec 29, 2008 | Dec 29, 2008 | ₩961.17 | 0.651% |
| 4 | Dec 27, 2007 | Dec 27, 2007 | Dec 27, 2007 | ₩5,653.93 | 1.21% |
| 5 | Dec 27, 2006 | Dec 27, 2006 | Dec 27, 2006 | ₩6,596.26 | 2.21% |
FAQ
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