Namyang Dairy Products Co., Ltd Stock Forecast

Green day on Friday for Namyang Dairy Products Co., Ltd
(Updated on May 03, 2024)

003925.KS Signals & Forecast

Mostly positive signals in the chart today. The Namyang Dairy Products Co., Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ₩413,428.57 and ₩419,814.29. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 12.25%. 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. The stock had a Golden Star Signal on Tuesday, November 14, 2023 in the long-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.

Support, Risk & Stop-loss for Namyang Dairy Products Co., Ltd stock

Namyang Dairy Products Co., Ltd finds support from accumulated volume at ₩425,000.00 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 ₩3,500.00 between high and low, or 0.82%. For the last week, the stock has had daily average volatility of 1.87%.

Our recommended stop-loss: ₩411,240.87 (-3.46%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 13 days ago.)

Trading Expectations (003925.KS) For The Upcoming Trading Day Of Tuesday 7th

For the upcoming trading day on Tuesday, 7th we expect Namyang Dairy Products Co., Ltd to open at ₩426,500.00, and during the day (based on 14 day Average True Range), to move between ₩416,377.20 and ₩435,622.80, which gives a possible trading interval of +/-₩9,622.80 (+/-2.26%) up or down from last closing price. If Namyang Dairy Products Co., Ltd takes out the full calculated possible swing range there will be an estimated 4.52% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₩425,000.00 (0.23%) than the resistance at ₩429,000.00 (0.70%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Namyang Dairy Products Co., Ltd stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Namyang Dairy Products Co., Ltd stock to perform well in the short-term.

Current score: 3.423 Buy Candidate Unchanged

Predicted Opening Price for Namyang Dairy Products Co., Ltd of Tuesday, May 7, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.