Kolon Corporation Stock Forecast
Red day on Tuesday for Kolon Corporation stock after losing 1.12%
(Updated on Jun 04, 2024)
The Kolon Corporation stock price fell by -1.12% on the last day (Tuesday, 4th Jun 2024) from ₩13,350.00 to ₩13,200.00. During the last trading day the stock fluctuated 6.72% from a day low at ₩13,100.00 to a day high of ₩13,980.00. The price has risen in 5 of the last 10 days and is up by 0.76% over the past 2 weeks. Volume has increased on the last day by 9 thousand 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, 11 thousand shares were bought and sold for approximately ₩141.24 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Kolon Corporation stock with a 90% probability to be traded between ₩12,723.18 and ₩13,371.40 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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002025.KS Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, June 03, 2024, and so far it has fallen -1.12%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The Kolon Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ₩13,117.14 and ₩13,081.43. A breakdown below any of these levels will issue sell signals. The stock had a Golden Star Signal on Tuesday, May 07, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Tuesday, May 07, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A buy signal from a double bottom formation was found on Monday, April 22, 2024 and based on theory for this formation the price should go up by 3.30% to ₩13,636.00 within 30 trading days since signal was issued (Wednesday, June 05, 2024).
Support, Risk & Stop-loss for Kolon Corporation stock
Kolon Corporation finds support from accumulated volume at ₩13,100.00 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 ₩880.00 between high and low, or 6.72%. For the last week the stock has had daily average volatility of 3.45%.
Our recommended stop-loss: ₩12,788.19 (-3.12%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 28 days ago.)
Trading Expectations (002025.KS) For The Upcoming Trading Day Of Wednesday 5th
For the upcoming trading day on Wednesday, 5th we expect Kolon Corporation to open at ₩13,426.67, and during the day (based on 14 day Average True Range), to move between ₩12,763.06 and ₩13,636.94, which gives a possible trading interval of +/-₩436.94 (+/-3.31%) up or down from last closing price. If Kolon Corporation takes out the full calculated possible swing range there will be an estimated 6.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩13,220.00 (0.15%) than the support at ₩13,100.00 (0.76%), 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 Kolon Corporation stock A Buy?
Kolon Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.941 Hold/Accumulate Unchanged
Predicted Opening Price for Kolon Corporation of Wednesday, June 5, 2024
| Fair opening price June 5, 2024 | Current price |
|---|---|
| ₩13,426.67 ( 1.72%) | ₩13,200.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002025.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14,306.67 | 8.38 % | |
| R2 | 13,970.51 | 5.84 % | ||
| R1 | 13,762.83 | 4.26 % | ||
| Current price: | 13,200.00 | |||
| Support | S1 | 13,090.51 | -0.83 % | |
| S2 | 12,882.83 | -2.40 % | ||
| S3 | 12,546.67 | -4.95 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13,520.00 | 2.42 % | |
| R2 | 13,320.00 | 0.91 % | ||
| R1 | 13,220.00 | 0.152 % | ||
| Current price | 13,200.00 | |||
| Support | S1 | 13,100.00 | -0.758% | |
| S2 | 13,080.00 | -0.91% | ||
| S3 | 13,040.00 | -1.21% |
002025 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 08, 2024 | ₩600.00 | 4.56% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩600.00 | 3.54% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩600.00 | 2.93% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩550.00 | 3.72% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩550.00 | 5.16% |
FAQ
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