TYM Corporation Stock Forecast
TYM Corporation stock downgraded to Sell Candidate
(Updated on Jun 14, 2024)
The TYM Corporation stock price fell by -1.54% on the last day (Friday, 14th Jun 2024) from ₩4,550.00 to ₩4,480.00. During the last trading day the stock fluctuated 2.68% from a day low at ₩4,475.00 to a day high of ₩4,595.00. The price has risen in 5 of the last 10 days and is up by 1.13% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -43 thousand shares and in total, 80 thousand shares were bought and sold for approximately ₩358.07 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -20.87% during the next 3 months and, with a 90% probability hold a price between ₩3,352.96 and ₩3,758.29 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
002900.KS Signals & Forecast
There are mixed signals in the stock today. The TYM Corporation 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 ₩4,527.86 and ₩4,669.43. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Friday, May 31, 2024, and so far it has risen 1.24%. 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).
Support, Risk & Stop-loss for TYM Corporation stock
TYM Corporation finds support from accumulated volume at ₩4,430.00 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 ₩120.00 between high and low, or 2.68%. For the last week the stock has had daily average volatility of 2.00%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002900.KS) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect TYM Corporation to open at ₩4,516.67, and during the day (based on 14 day Average True Range), to move between ₩4,383.33 and ₩4,576.67, which gives a possible trading interval of +/-₩96.67 (+/-2.16%) up or down from last closing price. If TYM Corporation takes out the full calculated possible swing range there will be an estimated 4.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩4,520.00 (0.89%) than the support at ₩4,430.00 (1.12%), 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 TYM Corporation stock A Buy?
TYM Corporation 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.427 Sell Candidate Downgraded
Predicted Opening Price for TYM Corporation of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| ₩4,516.67 ( 0.82%) | ₩4,480.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002900.KS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4,636.67 | 3.50% |
| R2 | 4,590.83 | 2.47% |
| R1 | 4,562.51 | 1.84% |
| Price | 4,480.00 | |
| S1 | 4,470.83 | -0.205% |
| S2 | 4,442.51 | -0.84% |
| S3 | 4,396.67 | -1.86% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5,210.00 | 16.29% |
| R2 | 4,550.00 | 1.56% |
| R1 | 4,520.00 | 0.89% |
| Price | 4,480.00 | |
| S1 | 4,430.00 | -1.12% |
| S2 | 4,425.00 | -1.23% |
| S3 | 0 | - |
002900 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 28, 2024 | Feb 28, 2024 | Apr 01, 2024 | ₩110.00 | 2.01% |
| 2 | Jul 19, 2023 | Jul 19, 2023 | Jul 19, 2023 | ₩50.00 | 0.715% |
| 3 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩40.00 | 0.410% |
| 4 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | ₩20.00 | 0.222% |
| 5 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩20.00 | 0.340% |
FAQ
Click here for our free guide on how to buy TYM Corporation Stock.
