Binggrae Co., Ltd. Stock Forecast
Binggrae Co., Ltd. stock price up 0.97% on Friday
(Updated on May 10, 2024)
The Binggrae Co., Ltd. stock price gained 0.97% on the last trading day (Friday, 10th May 2024), rising from ₩71,900.00 to ₩72,600.00. During the last trading day the stock fluctuated 3.82% from a day low at ₩70,600.00 to a day high of ₩73,300.00. The price has been going up and down for this period, and there has been a 3.42% gain for the last 2 weeks. Volume fell on the last day by -33 thousand shares and in total, 99 thousand shares were bought and sold for approximately ₩7.18 billion. 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 upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at ₩74,464.43 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 33.93% during the next 3 months and, with a 90% probability hold a price between ₩86,183.16 and ₩99,729.33 at the end of this 3-month period.
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005180.KS Signals & Forecast
The Binggrae 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 ₩70,814.29 and ₩62,611.43. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 39.08%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Binggrae Co., Ltd. stock
Binggrae Co., Ltd. finds support from accumulated volume at ₩70,200.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₩2,700.00 between high and low, or 3.82%. For the last week, the stock has had daily average volatility of 3.75%.
Our recommended stop-loss: ₩70,378.44 (-3.06%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 38 days ago.)
Trading Expectations (005180.KS) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Binggrae Co., Ltd. to open at ₩72,166.67, and during the day (based on 14 day Average True Range), to move between ₩70,298.45 and ₩74,901.55, which gives a possible trading interval of +/-₩2,301.55 (+/-3.17%) up or down from last closing price. If Binggrae Co., Ltd. takes out the full calculated possible swing range there will be an estimated 6.34% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₩70,200.00, some ₩2,400.00 (3.31%) from the current price of ₩72,600.00, our system finds the risk reward attractive.
Earnings coming up
Binggrae Co., Ltd. will release earnings BMO on Monday, May 13, 2024. We will update the financials statements for Binggrae Co., Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.15% in the first trading day after earnings release.
Is Binggrae Co., Ltd. stock A Buy?
Binggrae Co., Ltd. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 6.120 Strong Buy Candidate Unchanged
Predicted Opening Price for Binggrae Co., Ltd. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| ₩72,166.67 ( 0.597%) | ₩72,600.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 005180.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 74,866.67 | 3.12 % | |
| R2 | 73,835.27 | 1.70 % | ||
| R1 | 73,198.07 | 0.82 % | ||
| Current price: | 72,600.00 | |||
| Support | S1 | 71,135.27 | -2.02 % | |
| S2 | 70,498.07 | -2.90 % | ||
| S3 | 69,466.67 | -4.32 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 72,600.00 | |||
| Support | S1 | 70,200.00 | -3.31% | |
| S2 | 69,300.00 | -4.55% | ||
| S3 | 67,000.00 | -7.71% |
005180 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 08, 2024 | ₩1,500.00 | 2.60% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩1,500.00 | 3.74% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩1,400.00 | 2.66% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩1,600.00 | 2.78% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩1,450.00 | 2.62% |
FAQ
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