KleanNara Co., Ltd. Stock Forecast
KleanNara Co., Ltd. stock upgraded to Buy Candidate.
(Updated on Jun 18, 2024)
The KleanNara Co., Ltd. stock price gained 1.23% on the last trading day (Tuesday, 18th Jun 2024), rising from ₩2,435.00 to ₩2,465.00. During the last trading day the stock fluctuated 4.12% from a day low at ₩2,430.00 to a day high of ₩2,530.00. The price has been going up and down for this period, and there has been a 2.28% gain for the last 2 weeks. Volume fell on the last day by -291 thousand shares and in total, 189 thousand shares were bought and sold for approximately ₩466.37 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and weak 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 2.74% during the next 3 months and, with a 90% probability hold a price between ₩2,249.02 and ₩2,681.93 at the end of this 3-month period.
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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 ₩2,427.86 and ₩2,357.29. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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, June 14, 2024, and so far it has fallen -0.605%. 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 ₩2,370.00 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 ₩100.00 between high and low, or 4.12%. For the last week, the stock has had daily average volatility of 4.34%.
Our recommended stop-loss: ₩2,378.40 (-3.51%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (004540.KS) For The Upcoming Trading Day Of Wednesday 19th
For the upcoming trading day on Wednesday, 19th 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 ₩2,318.94 and ₩2,611.06, which gives a possible trading interval of +/-₩146.06 (+/-5.93%) up or down from last closing price. If KleanNara Co., Ltd. takes out the full calculated possible swing range there will be an estimated 11.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩2,470.00 (0.20%) than the support at ₩2,370.00 (3.85%), 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 KleanNara 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 KleanNara 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: 1.205 Buy Candidate Upgraded
Predicted Opening Price for KleanNara Co., Ltd. of Wednesday, June 19, 2024
| Fair opening price June 19, 2024 | Current price |
|---|---|
| ₩2,475.00 ( 0.406%) | ₩2,465.00 |
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 | 2,575.00 | 4.46% |
| R2 | 2,536.80 | 2.91% |
| R1 | 2,513.20 | 1.96% |
| Price | 2,465.00 | |
| S1 | 2,436.80 | -1.14% |
| S2 | 2,413.20 | -2.10% |
| S3 | 2,375.00 | -3.65% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,600.00 | 5.48% |
| R2 | 2,480.00 | 0.609% |
| R1 | 2,470.00 | 0.203% |
| Price | 2,465.00 | |
| S1 | 2,370.00 | -3.85% |
| S2 | 2,360.00 | -4.26% |
| S3 | 2,280.00 | -7.51% |
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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