Bolak Company Limited Stock Forecast
Bolak Company Limited stock price up 0.329% on Friday
(Updated on Jun 28, 2024)
The Bolak Company Limited stock price gained 0.329% on the last trading day (Friday, 28th Jun 2024), rising from ₩1,216.00 to ₩1,220.00. During the last trading day the stock fluctuated 1.24% from a day low at ₩1,209.00 to a day high of ₩1,224.00. The price has risen in 5 of the last 10 days and is up by 1.67% over the past 2 weeks. Volume fell on the last day by -18 thousand shares and in total, 147 thousand shares were bought and sold for approximately ₩179.12 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at ₩1,227.89 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Bolak Company Limited stock with a 90% probability to be traded between ₩1,158.72 and ₩1,246.35 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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002760.KS Signals & Forecast
Mostly positive signals in the chart today. The Bolak Company Limited 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 ₩1,208.14 and ₩1,170.80. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 8.25%. 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 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.
Support, Risk & Stop-loss for Bolak Company Limited stock
Bolak Company Limited finds support from accumulated volume at ₩1,216.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₩15.00 between high and low, or 1.24%. For the last week, the stock has had daily average volatility of 2.28%.
Our recommended stop-loss: ₩1,182.42 (-3.08%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 66 days ago.)
Trading Expectations (002760.KS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Bolak Company Limited to open at ₩1,217.67, and during the day (based on 14 day Average True Range), to move between ₩1,189.10 and ₩1,250.90, which gives a possible trading interval of +/-₩30.90 (+/-2.53%) up or down from last closing price. If Bolak Company Limited takes out the full calculated possible swing range there will be an estimated 5.07% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₩1,216.00, some ₩4.00 (0.33%) from the current price of ₩1,220.00, our system finds the risk reward attractive.
Is Bolak Company Limited stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Bolak Company Limited stock to perform well in the short-term period.
Current score: 3.207 Buy Candidate Unchanged
Predicted Opening Price for Bolak Company Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ₩1,217.67 ( 0.191%) | ₩1,220.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002760.KS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,232.67 | 1.04% |
| R2 | 1,226.94 | 0.569% |
| R1 | 1,223.40 | 0.278% |
| Price | 1,220.00 | |
| S1 | 1,211.94 | -0.661% |
| S2 | 1,208.40 | -0.95% |
| S3 | 1,202.67 | -1.42% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 1,220.00 | |
| S1 | 1,216.00 | -0.328% |
| S2 | 1,205.00 | -1.23% |
| S3 | 1,200.00 | -1.64% |
002760 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 22, 2024 | ₩7.00 | 0.621% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩7.00 | 0.426% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩5.00 | 0.250% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩4.00 | 0.165% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩5.00 | 0.246% |
FAQ
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