Taeyang Metal Industrial Co., Ltd. Stock Forecast
Evaluation of Taeyang Metal Industrial Co., Ltd. stock downgraded after the last trading session.
(Updated on Jun 26, 2024)
The Taeyang Metal Industrial Co., Ltd. stock price fell by -0.194% on the last day (Wednesday, 26th Jun 2024) from ₩2,575.00 to ₩2,570.00. During the last trading day the stock fluctuated 3.70% from a day low at ₩2,570.00 to a day high of ₩2,665.00. The price has fallen in 6 of the last 10 days and is down by -10.3% for this period. Volume has increased on the last day by 83 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, 497 thousand shares were bought and sold for approximately ₩1.28 billion.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 32.75% during the next 3 months and, with a 90% probability hold a price between ₩3,209.94 and ₩4,015.34 at the end of this 3-month period.
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004100.KS Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 0.784%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Taeyang Metal Industrial Co., Ltd. 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 ₩2,698.57 and ₩2,582.71. A break-up above any of these levels will issue buy signals. 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.
Support, Risk & Stop-loss for Taeyang Metal Industrial Co., Ltd. stock
Taeyang Metal Industrial Co., Ltd. finds support from accumulated volume at ₩2,550.00 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 ₩95.00 between high and low, or 3.70%. For the last week, the stock has had daily average volatility of 6.44%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (004100.KS) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Taeyang Metal Industrial Co., Ltd. to open at ₩2,601.67, and during the day (based on 14 day Average True Range), to move between ₩2,407.92 and ₩2,732.08, which gives a possible trading interval of +/-₩162.08 (+/-6.31%) up or down from last closing price. If Taeyang Metal Industrial Co., Ltd. takes out the full calculated possible swing range there will be an estimated 12.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩2,550.00 (0.78%) than the resistance at ₩2,770.00 (7.78%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Taeyang Metal Industrial Co., Ltd. stock A Buy?
The Taeyang Metal Industrial Co., Ltd. stock holds several negative signals and despite the positive trend, we believe Taeyang Metal Industrial Co., Ltd. will perform weakly in the next couple of days or weeks. Therefore, we 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 Sell candidate.
Current score: -2.861 Sell Candidate Downgraded
Predicted Opening Price for Taeyang Metal Industrial Co., Ltd. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| ₩2,601.67 ( 1.23%) | ₩2,570.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 004100.KS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,696.67 | 4.93% |
| R2 | 2,660.38 | 3.52% |
| R1 | 2,637.96 | 2.64% |
| Price | 2,570.00 | |
| S1 | 2,565.38 | -0.180% |
| S2 | 2,542.96 | -1.05% |
| S3 | 2,506.67 | -2.46% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,975.00 | 15.76% |
| R2 | 2,855.00 | 11.09% |
| R1 | 2,770.00 | 7.78% |
| Price | 2,570.00 | |
| S1 | 2,550.00 | -0.778% |
| S2 | 2,190.00 | -14.79% |
| S3 | 2,050.00 | -20.23% |
004100 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 29, 2024 | ₩5.00 | 0.251% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩5.00 | 0.350% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩5.00 | 0.372% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩5.00 | 0.457% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩5.00 | 0.370% |
FAQ
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