KleanNara Co., Ltd. Stock Forecast
KleanNara Co., Ltd. stock upgraded to Buy Candidate.
(Updated on Jun 14, 2024)
The KleanNara Co., Ltd. stock price gained 2.06% on the last trading day (Friday, 14th Jun 2024), rising from ₩2,430.00 to ₩2,480.00. During the last trading day the stock fluctuated 4.76% from a day low at ₩2,415.00 to a day high of ₩2,530.00. The price has been going up and down for this period, and there has been a 5.08% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 127 thousand more shares were traded than the day before. In total, 356 thousand shares were bought and sold for approximately ₩882.58 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect KleanNara Co., Ltd. stock with a 90% probability to be traded between ₩2,157.18 and ₩2,609.54 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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004540.KS Signals & Forecast
The KleanNara Co., Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ₩2,432.86 and ₩2,342.43. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Tuesday, June 04, 2024, and so far it has fallen -4.62%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for KleanNara Co., Ltd. stock
KleanNara Co., Ltd. finds support from accumulated volume at ₩2,465.00 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 ₩115.00 between high and low, or 4.76%. For the last week, the stock has had daily average volatility of 3.70%.
Our recommended stop-loss: ₩2,351.61 (-5.18%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 36 days ago.)
Trading Expectations (004540.KS) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect KleanNara Co., Ltd. to open at ₩2,475.00, and during the day (based on 14 day Average True Range), to move between ₩2,329.44 and ₩2,630.56, which gives a possible trading interval of +/-₩150.56 (+/-6.07%) up or down from last closing price. If KleanNara Co., Ltd. takes out the full calculated possible swing range there will be an estimated 12.14% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩2,465.00 (0.60%) than the resistance at ₩2,540.00 (2.42%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is KleanNara Co., Ltd. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for KleanNara Co., Ltd. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.081 Buy Candidate Upgraded
Predicted Opening Price for KleanNara Co., Ltd. of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| ₩2,475.00 ( 0.202%) | ₩2,480.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 004540.KS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,590.00 | 4.44% |
| R2 | 2,546.07 | 2.66% |
| R1 | 2,518.93 | 1.57% |
| Price | 2,480.00 | |
| S1 | 2,431.07 | -1.97% |
| S2 | 2,403.93 | -3.07% |
| S3 | 2,360.00 | -4.84% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,600.00 | 4.84% |
| R2 | 2,550.00 | 2.82% |
| R1 | 2,540.00 | 2.42% |
| Price | 2,480.00 | |
| S1 | 2,465.00 | -0.605% |
| S2 | 2,370.00 | -4.44% |
| S3 | 2,280.00 | -8.06% |
004540 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩100.00 | 2.31% |
| 2 | Jan 04, 2000 | Jan 04, 2000 | Jan 04, 2000 | ₩420.89 | 3.19% |
FAQ
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