Pharmicell Co., Ltd. Stock Forecast
Green day on Friday for Pharmicell Co., Ltd.
(Updated on May 31, 2024)
The Pharmicell Co., Ltd. stock price gained 2.05% on the last trading day (Friday, 31st May 2024), rising from ₩5,850.00 to ₩5,970.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 4.66% from a day low at ₩5,800.00 to a day high of ₩6,070.00. The price has risen in 4 of the last 10 days and is up by 7.37% over the past 2 weeks. Volume fell on the last day by -294 thousand shares and in total, 677 thousand shares were bought and sold for approximately ₩4.04 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 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 -7.43% during the next 3 months and, with a 90% probability hold a price between ₩4,763.76 and ₩5,861.72 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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005690.KS Signals & Forecast
The Pharmicell 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 ₩5,702.86 and ₩5,684.29. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 10.56%. 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 Pharmicell Co., Ltd. stock
Pharmicell Co., Ltd. finds support from accumulated volume at ₩5,850.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ₩270.00 (4.66%) between high and low. For the last week, the stock has had daily average volatility of 6.51%.
Our recommended stop-loss: ₩5,776.57 (-3.24%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 47 days ago.)
Trading Expectations (005690.KS) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Pharmicell Co., Ltd. to open at ₩5,946.67, and during the day (based on 14 day Average True Range), to move between ₩5,721.44 and ₩6,218.56, which gives a possible trading interval of +/-₩248.56 (+/-4.16%) up or down from last closing price. If Pharmicell Co., Ltd. takes out the full calculated possible swing range there will be an estimated 8.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩5,850.00 (2.01%) than the resistance at ₩6,190.00 (3.69%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Pharmicell Co., Ltd. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 4.210 Buy Candidate Unchanged
Predicted Opening Price for Pharmicell Co., Ltd. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| ₩5,946.67 ( 0.391%) | ₩5,970.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 005690.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6,216.67 | 4.13 % | |
| R2 | 6,113.53 | 2.40 % | ||
| R1 | 6,049.81 | 1.34 % | ||
| Current price: | 5,970.00 | |||
| Support | S1 | 5,843.53 | -2.12 % | |
| S2 | 5,779.81 | -3.19 % | ||
| S3 | 5,676.67 | -4.91 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6,720.00 | 12.56 % | |
| R2 | 6,540.00 | 9.55 % | ||
| R1 | 6,190.00 | 3.69 % | ||
| Current price | 5,970.00 | |||
| Support | S1 | 5,850.00 | -2.01% | |
| S2 | 5,700.00 | -4.52% | ||
| S3 | 5,680.00 | -4.86% |
FAQ
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