Samchully Co.,Ltd Stock Forecast
Samchully Co.,Ltd stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on Jun 07, 2024)
The Samchully Co.,Ltd stock price fell by -2.36% on the last day (Friday, 7th Jun 2024) from ₩93,400.00 to ₩91,200.00. During the last trading day the stock fluctuated 3.20% from a day low at ₩90,500.00 to a day high of ₩93,400.00. The price has fallen in 7 of the last 10 days but is still up by 0.44% over the past 2 weeks. Volume has increased on the last day by 13 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 25 thousand shares were bought and sold for approximately ₩2.28 billion.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -6.83% during the next 3 months and, with a 90% probability hold a price between ₩82,958.14 and ₩88,563.54 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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004690.KS Signals & Forecast
There are few to no technical positive signals at the moment. The Samchully Co.,Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ₩91,714.29 and ₩91,362.86. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 03, 2024, and so far it has fallen -4.40%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Samchully Co.,Ltd stock
Samchully Co.,Ltd finds support from accumulated volume at ₩90,900.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved ₩2,900.00 between high and low, or 3.20%. For the last week the stock has had daily average volatility of 3.69%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (004690.KS) For The Upcoming Trading Day Of Monday 10th
For the upcoming trading day on Monday, 10th we expect Samchully Co.,Ltd to open at ₩91,700.00, and during the day (based on 14 day Average True Range), to move between ₩89,422.05 and ₩92,977.95, which gives a possible trading interval of +/-₩1,777.95 (+/-1.95%) up or down from last closing price. If Samchully Co.,Ltd takes out the full calculated possible swing range there will be an estimated 3.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩90,900.00 (0.33%) than the resistance at ₩92,800.00 (1.75%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Samchully Co.,Ltd stock A Buy?
Samchully Co.,Ltd holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.568 Sell Candidate Downgraded
Predicted Opening Price for Samchully Co.,Ltd of Monday, June 10, 2024
| Fair opening price June 10, 2024 | Current price |
|---|---|
| ₩91,700.00 ( 0.548%) | ₩91,200.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 004690.KS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 94,600.00 | 3.73% |
| R2 | 93,492.20 | 2.51% |
| R1 | 92,807.80 | 1.76% |
| Price | 91,200.00 | |
| S1 | 90,592.20 | -0.666% |
| S2 | 89,907.80 | -1.42% |
| S3 | 88,800.00 | -2.63% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 96,300.00 | 5.59% |
| R2 | 95,400.00 | 4.61% |
| R1 | 92,800.00 | 1.75% |
| Price | 91,200.00 | |
| S1 | 90,900.00 | -0.329% |
| S2 | 90,500.00 | -0.768% |
| S3 | 89,600.00 | -1.75% |
004690 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | May 01, 2024 | ₩3,000.00 | 3.26% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩3,000.00 | 0.733% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩3,000.00 | 3.33% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩3,000.00 | 3.70% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩3,000.00 | 3.55% |
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