Wonlim Corporation Stock Forecast
Red day on Friday for Wonlim Corporation stock after losing 0.564%
(Updated on May 31, 2024)
The Wonlim Corporation stock price fell by -0.564% on the last day (Friday, 31st May 2024) from ₩17,740.00 to ₩17,640.00. During the last trading day the stock fluctuated 1.14% from a day low at ₩17,510.00 to a day high of ₩17,710.00. The price has fallen in 7 of the last 10 days and is down by -0.95% for this period. Volume has increased on the last day by 2 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, 4 thousand shares were bought and sold for approximately ₩63.57 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₩17,427.71 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -5.16% during the next 3 months and, with a 90% probability hold a price between ₩16,528.81 and ₩18,279.51 at the end of this 3-month period.
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005820.KS Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 22, 2024, and so far it has risen 0.513%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Wonlim Corporation 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 ₩17,865.71 and ₩18,423.43. A break-up above any of these levels will issue buy signals. 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 Wonlim Corporation stock
Wonlim Corporation finds support from accumulated volume at ₩17,630.00 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 ₩200.00 (1.14%) between high and low. For the last week, the stock has had daily average volatility of 1.29%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (005820.KS) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Wonlim Corporation to open at ₩17,620.00, and during the day (based on 14 day Average True Range), to move between ₩17,348.14 and ₩17,931.86, which gives a possible trading interval of +/-₩291.86 (+/-1.65%) up or down from last closing price. If Wonlim Corporation takes out the full calculated possible swing range there will be an estimated 3.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩17,630.00 (0.06%) than the resistance at ₩18,560.00 (5.22%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Wonlim Corporation stock A Buy?
Wonlim Corporation 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: -3.229 Sell Candidate Unchanged
Predicted Opening Price for Wonlim Corporation of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| ₩17,620.00 ( 0.113%) | ₩17,640.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 005820.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17,820.00 | 1.02 % | |
| R2 | 17,743.60 | 0.587 % | ||
| R1 | 17,696.40 | 0.320 % | ||
| Current price: | 17,640.00 | |||
| Support | S1 | 17,543.60 | -0.546 % | |
| S2 | 17,496.40 | -0.81 % | ||
| S3 | 17,420.00 | -1.25 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19,380.00 | 9.86 % | |
| R2 | 18,700.00 | 6.01 % | ||
| R1 | 18,560.00 | 5.22 % | ||
| Current price | 17,640.00 | |||
| Support | S1 | 17,630.00 | -0.0567% | |
| S2 | 17,550.00 | -0.510% | ||
| S3 | 0 | . |
005820 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 26, 2024 | ₩350.00 | 1.90% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩350.00 | 1.70% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩250.00 | 1.29% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩500.00 | 2.58% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩238.10 | 1.43% |
FAQ
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