Samhwa Crown & Closure Co., Ltd Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Samhwa Crown & Closure Co., Ltd stock price down 0.474% on Thursday
(Updated on Jun 27, 2024)
The Samhwa Crown & Closure Co., Ltd stock price fell by -0.474% on the last day (Thursday, 27th Jun 2024) from ₩31,650.00 to ₩31,500.00. During the last trading day the stock fluctuated 0.96% from a day low at ₩31,400.00 to a day high of ₩31,700.00. The price has fallen in 5 of the last 10 days and is down by -0.94% for this period. 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 -167 shares and in total, 444 shares were bought and sold for approximately ₩13.99 million.
The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at ₩31,409.78 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Samhwa Crown & Closure Co., Ltd stock with a 90% probability to be traded between ₩31,479.02 and ₩34,046.06 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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004450.KS Signals & Forecast
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 ₩31,535.71 and ₩32,665.71. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. Some positive signals were issued as well, and these may have some influence on the near short-term development. 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.
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 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 ₩300.00 between high and low, or 0.96%. For the last week, the stock has had daily average volatility of 1.37%.
Samhwa Crown & Closure Co., Ltd is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: ₩29,442.90 (-6.53%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 23 which reduces the risk some. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (004450.KS) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Samhwa Crown & Closure Co., Ltd to open at ₩31,533.33, and during the day (based on 14 day Average True Range), to move between ₩30,803.66 and ₩32,196.34, which gives a possible trading interval of +/-₩696.34 (+/-2.21%) 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 4.42% 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?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 1.014 Buy Candidate Unchanged
Predicted Opening Price for Samhwa Crown & Closure Co., Ltd of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| ₩31,533.33 ( 0.106%) | ₩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 | 31,833.33 | 1.06% |
| R2 | 31,718.73 | 0.694% |
| R1 | 31,647.93 | 0.470% |
| Price | 31,500.00 | |
| S1 | 31,418.73 | -0.258% |
| S2 | 31,347.93 | -0.483% |
| S3 | 31,233.33 | -0.85% |
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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