SK Discovery Co., Ltd. Stock Forecast
SK Discovery Co., Ltd. stock price ended at ₩42,800.00 on Monday, after losing 0.349%.
(Updated on May 20, 2024)
The SK Discovery Co., Ltd. stock price fell by -0.349% on the last day (Monday, 20th May 2024) from ₩42,950.00 to ₩42,800.00. It has now fallen 8 days in a row. During the last trading day the stock fluctuated 2.36% from a day low at ₩42,450.00 to a day high of ₩43,450.00. The price has fallen in 9 of the last 10 days and is down by -5.41% for this period. Volume has increased on the last day by 10 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, 24 thousand shares were bought and sold for approximately ₩1.01 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 -2.15% during the next 3 months and, with a 90% probability hold a price between ₩40,736.68 and ₩45,232.74 at the end of this 3-month period.
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006120.KS Signals & Forecast
There are few to no technical positive signals at the moment. The SK Discovery Co., Ltd. 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 ₩43,692.86 and ₩44,367.14. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -5.93%. Further fall is indicated until a new bottom pivot has been found. 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 SK Discovery Co., Ltd. stock
SK Discovery Co., Ltd. finds support from accumulated volume at ₩42,650.00 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 ₩1,000.00 (2.36%) between high and low. For the last week, the stock has had daily average volatility of 1.65%.
SK Discovery Co., Ltd. is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (006120.KS) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect SK Discovery Co., Ltd. to open at ₩42,900.00, and during the day (based on 14 day Average True Range), to move between ₩41,948.20 and ₩43,651.80, which gives a possible trading interval of +/-₩851.80 (+/-1.99%) up or down from last closing price. If SK Discovery Co., Ltd. takes out the full calculated possible swing range there will be an estimated 3.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩42,650.00 (0.35%) than the resistance at ₩44,850.00 (4.79%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is SK Discovery Co., Ltd. stock A Buy?
SK Discovery Co., Ltd. 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: -2.599 Sell Candidate Unchanged
Predicted Opening Price for SK Discovery Co., Ltd. of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| ₩42,900.00 ( 0.234%) | ₩42,800.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 006120.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 43,900.00 | 2.57 % | |
| R2 | 43,518.00 | 1.68 % | ||
| R1 | 43,282.00 | 1.13 % | ||
| Current price: | 42,800.00 | |||
| Support | S1 | 42,518.00 | -0.659 % | |
| S2 | 42,282.00 | -1.21 % | ||
| S3 | 41,900.00 | -2.10 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 45,200.00 | 5.61 % | |
| R2 | 44,900.00 | 4.91 % | ||
| R1 | 44,850.00 | 4.79 % | ||
| Current price | 42,800.00 | |||
| Support | S1 | 42,650.00 | -0.350% | |
| S2 | 42,200.00 | -1.40% | ||
| S3 | 42,000.00 | -1.87% |
006120 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 29, 2024 | ₩1,200.00 | 2.64% |
| 2 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | ₩500.00 | 1.40% |
| 3 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩1,200.00 | 3.87% |
| 4 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | ₩500.00 | 1.41% |
| 5 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩1,500.00 | 3.20% |
FAQ
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