Sebang Global Battery Co., Ltd. Stock Forecast

Stronger technical forecast for Sebang Global Battery Co., Ltd. stock price after Friday trading.
(Updated on May 17, 2024)

004490.KS Signals & Forecast

The Sebang Global Battery Co., Ltd. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₩112,071.43. On a fall, the stock will find some support from the long-term average at approximately ₩94,102.86. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, May 10, 2024, and so far it has fallen -5.04%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Wednesday, November 29, 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 Sebang Global Battery Co., Ltd. stock

Sebang Global Battery Co., Ltd. finds support from accumulated volume at ₩109,600.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₩6,500.00 between high and low, or 6.11%. For the last week, the stock has had daily average volatility of 8.27%.

Our recommended stop-loss: ₩105,448.41 (-5.17%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (004490.KS) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Sebang Global Battery Co., Ltd. to open at ₩110,100.00, and during the day (based on 14 day Average True Range), to move between ₩105,395.10 and ₩117,004.90, which gives a possible trading interval of +/-₩5,804.90 (+/-5.22%) up or down from last closing price. If Sebang Global Battery Co., Ltd. takes out the full calculated possible swing range there will be an estimated 10.44% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₩111,500.00 (0.27%) than the support at ₩109,600.00 (1.44%), 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 Sebang Global Battery 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 Sebang Global Battery Co., Ltd. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.706 Buy Candidate Upgraded

Predicted Opening Price for Sebang Global Battery Co., Ltd. of Monday, May 20, 2024

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