Sungshin Cement Co., Ltd Stock Forecast
Sungshin Cement Co., Ltd stock price down 0.397% on Tuesday
(Updated on Jun 18, 2024)
The Sungshin Cement Co., Ltd stock price fell by -0.397% on the last day (Tuesday, 18th Jun 2024) from ₩12,600.00 to ₩12,550.00. During the last trading day the stock fluctuated 1.83% from a day low at ₩12,550.00 to a day high of ₩12,780.00. The price has fallen in 6 of the last 10 days but is still up by 1.13% over the past 2 weeks. Volume has increased on the last day by 89 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, 3 thousand shares were bought and sold for approximately ₩39.36 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Sungshin Cement Co., Ltd stock with a 90% probability to be traded between ₩12,191.63 and ₩12,853.32 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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004985.KS Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 07, 2024, and so far it has risen 0.80%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Sungshin Cement 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 ₩12,637.14 and ₩12,611.14. A break-up above any of these levels will issue buy signals. 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 Sungshin Cement Co., Ltd stock
Sungshin Cement Co., Ltd finds support from accumulated volume at ₩12,530.00 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 ₩230.00 between high and low, or 1.83%. For the last week the stock has had daily average volatility of 2.17%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (004985.KS) For The Upcoming Trading Day Of Wednesday 19th
For the upcoming trading day on Wednesday, 19th we expect Sungshin Cement Co., Ltd to open at ₩12,626.67, and during the day (based on 14 day Average True Range), to move between ₩12,141.25 and ₩12,958.75, which gives a possible trading interval of +/-₩408.75 (+/-3.26%) up or down from last closing price. If Sungshin Cement Co., Ltd takes out the full calculated possible swing range there will be an estimated 6.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩12,530.00 (0.16%) than the resistance at ₩12,690.00 (1.12%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sungshin Cement Co., Ltd stock A Buy?
Sungshin Cement 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.
Current score: -2.266 Sell Candidate Unchanged
Predicted Opening Price for Sungshin Cement Co., Ltd of Wednesday, June 19, 2024
Fair opening price June 19, 2024 | Current price |
---|---|
₩12,626.67 ( 0.611%) | ₩12,550.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 004985.KS
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 12,856.67 | 2.44% |
R2 | 12,768.81 | 1.74% |
R1 | 12,714.53 | 1.31% |
Price | 12,550.00 | |
S1 | 12,538.81 | -0.0892% |
S2 | 12,484.53 | -0.522% |
S3 | 12,396.67 | -1.22% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 12,950.00 | 3.19% |
R2 | 12,900.00 | 2.79% |
R1 | 12,690.00 | 1.12% |
Price | 12,550.00 | |
S1 | 12,530.00 | -0.159% |
S2 | 12,450.00 | -0.797% |
S3 | 12,420.00 | -1.04% |
004985 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 27, 2023 | Dec 27, 2023 | Apr 19, 2024 | ₩250.00 | 2.01% |
2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩250.00 | 1.97% |
3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩250.00 | 1.39% |
4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩200.00 | 1.69% |
5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩200.00 | 2.04% |
FAQ
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