Cosmo Advanced Materials & Technology Stock Forecast
Cosmo Advanced Materials & Technology stock price ended at ₩142,600.00 on Tuesday, after gaining 1.13%.
(Updated on May 14, 2024)
The Cosmo Advanced Materials & Technology stock price gained 1.13% on the last trading day (Tuesday, 14th May 2024), rising from ₩141,000.00 to ₩142,600.00. During the last trading day the stock fluctuated 4.53% from a day low at ₩139,100.00 to a day high of ₩145,400.00. The price has fallen in 7 of the last 10 days and is down by -3.45% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 17 thousand more shares were traded than the day before. In total, 87 thousand shares were bought and sold for approximately ₩12.47 billion.
The stock lies in the middle of a wide and 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 -21.34% during the next 3 months and, with a 90% probability hold a price between ₩100,013.55 and ₩116,676.83 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
005070.KS Signals & Forecast
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. The Cosmo Advanced Materials & Technology stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₩145,828.57 and ₩152,097.14. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 02, 2024, and so far it has fallen -6.86%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Cosmo Advanced Materials & Technology stock
Cosmo Advanced Materials & Technology finds support from accumulated volume at ₩142,400.00 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 ₩6,300.00 between high and low, or 4.53%. For the last week, the stock has had daily average volatility of 2.86%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (005070.KS) For The Upcoming Trading Day Of Thursday 16th
For the upcoming trading day on Thursday, 16th we expect Cosmo Advanced Materials & Technology Co., Ltd. to open at ₩142,366.67, and during the day (based on 14 day Average True Range), to move between ₩137,185.69 and ₩148,014.31, which gives a possible trading interval of +/-₩5,414.31 (+/-3.80%) up or down from last closing price. If Cosmo Advanced Materials & Technology Co., Ltd. takes out the full calculated possible swing range there will be an estimated 7.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩142,400.00 (0.14%) than the resistance at ₩171,600.00 (20.34%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Cosmo Advanced Materials & Technology Co., Ltd. stock A Buy?
Cosmo Advanced Materials & Technology holds several negative signals and is within a wide and 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: -2.695 Sell Candidate Unchanged
Predicted Opening Price for Cosmo Advanced Materials & Technology Co., Ltd. of Thursday, May 16, 2024
| Fair opening price May 16, 2024 | Current price |
|---|---|
| ₩142,366.67 ( 0.164%) | ₩142,600.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 005070.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 148,666.67 | 4.25 % | |
| R2 | 146,260.07 | 2.57 % | ||
| R1 | 144,773.27 | 1.52 % | ||
| Current price: | 142,600.00 | |||
| Support | S1 | 139,960.07 | -1.85 % | |
| S2 | 138,473.27 | -2.89 % | ||
| S3 | 136,066.67 | -4.58 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 178,000.00 | 24.82 % | |
| R2 | 175,800.00 | 23.28 % | ||
| R1 | 171,600.00 | 20.34 % | ||
| Current price | 142,600.00 | |||
| Support | S1 | 142,400.00 | -0.140% | |
| S2 | 140,500.00 | -1.47% | ||
| S3 | 140,100.00 | -1.75% |
FAQ
Click here for our free guide on how to buy Cosmo Advanced Materials & Technology Co., Ltd. Stock.
