Samhwa Crown & Closure Co., Ltd Stock Forecast
Samhwa Crown & Closure Co., Ltd stock downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 21, 2024)
No changes to the price of Samhwa Crown & Closure Co., Ltd stock on the last trading day (Friday, 21st Jun 2024). During the last trading day the stock fluctuated 1.91% from a day low at ₩31,350.00 to a day high of ₩31,950.00. The price has fallen in 5 of the last 10 days and is down by -5.55% for this period.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₩31,477.30 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 2.46% during the next 3 months and, with a 90% probability hold a price between ₩32,251.21 and ₩34,966.50 at the end of this 3-month period.
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004450.KS Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has risen 0.159%. 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 Samhwa Crown & Closure Co., Ltd 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 ₩31,792.86 and ₩32,847.14. 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 fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for Samhwa Crown & Closure Co., Ltd stock
Samhwa Crown & Closure Co., Ltd finds support from accumulated volume at ₩31,450.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ₩600.00 (1.91%) between high and low. For the last week, the stock has had daily average volatility of 2.03%.
Our recommended stop-loss: ₩29,484.71 (-6.40%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (004450.KS) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Samhwa Crown & Closure Co., Ltd to open at ₩31,600.00, and during the day (based on 14 day Average True Range), to move between ₩30,696.02 and ₩32,303.98, which gives a possible trading interval of +/-₩803.98 (+/-2.55%) up or down from last closing price. If Samhwa Crown & Closure Co., Ltd takes out the full calculated possible swing range there will be an estimated 5.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩31,450.00 (0.16%) than the resistance at ₩32,250.00 (2.38%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Samhwa Crown & Closure Co., Ltd stock A Buy?
Samhwa Crown & Closure Co., Ltd holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. 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 Hold/Accumulate candidate.
Current score: 0.988 Hold/Accumulate Downgraded
Predicted Opening Price for Samhwa Crown & Closure Co., Ltd of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| ₩31,600.00 ( 0.317%) | ₩31,500.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 004450.KS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 32,200.00 | 2.22% |
| R2 | 31,970.80 | 1.49% |
| R1 | 31,829.20 | 1.05% |
| Price | 31,500.00 | |
| S1 | 31,370.80 | -0.410% |
| S2 | 31,229.20 | -0.86% |
| S3 | 31,000.00 | -1.59% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 33,350.00 | 5.87% |
| R2 | 32,650.00 | 3.65% |
| R1 | 32,250.00 | 2.38% |
| Price | 31,500.00 | |
| S1 | 31,450.00 | -0.159% |
| S2 | 31,400.00 | -0.317% |
| S3 | 31,350.00 | -0.476% |
004450 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Aug 12, 2024 | ₩500.00 | 1.59% |
| 2 | Dec 27, 2023 | Dec 27, 2023 | Apr 15, 2024 | ₩700.00 | 2.19% |
| 3 | Jun 29, 2023 | Jun 29, 2023 | Aug 11, 2023 | ₩500.00 | 1.42% |
| 4 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩700.00 | 1.85% |
| 5 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | ₩500.00 | 1.32% |
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