SK Discovery Co., Ltd. Stock Forecast
SK Discovery Co., Ltd. stock upgraded from Hold/Accumulate to Buy Candidate after Monday trading session.
(Updated on May 20, 2024)
The SK Discovery Co., Ltd. stock price gained 0.467% on the last trading day (Monday, 20th May 2024), rising from ₩32,100.00 to ₩32,250.00. During the last trading day the stock fluctuated 0.780% from a day low at ₩32,050.00 to a day high of ₩32,300.00. The price has fallen in 6 of the last 10 days and is down by -1.07% for this period. Volume fell on the last day by -705 shares and in total, 3 thousand shares were bought and sold for approximately ₩86.04 million. 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 stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at ₩32,656.55 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect SK Discovery Co., Ltd. stock with a 90% probability to be traded between ₩30,169.74 and ₩32,710.87 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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006125.KS Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, May 08, 2024, and so far it has fallen -1.23%. 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). The SK Discovery 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 ₩32,071.43 and ₩31,691.43. A breakdown below any of these levels will issue sell signals. 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.
Support, Risk & Stop-loss for SK Discovery Co., Ltd. stock
SK Discovery Co., Ltd. finds support from accumulated volume at ₩32,100.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved ₩250.00 between high and low, or 0.780%. For the last week the stock has had daily average volatility of 1.13%.
Our recommended stop-loss: ₩31,152.05 (-3.40%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (006125.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 ₩32,200.00, and during the day (based on 14 day Average True Range), to move between ₩31,762.21 and ₩32,737.79, which gives a possible trading interval of +/-₩487.79 (+/-1.51%) 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 3.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩32,100.00 (0.47%) than the resistance at ₩32,500.00 (0.78%), 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?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for SK Discovery Co., Ltd. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.636 Buy Candidate Upgraded
Predicted Opening Price for SK Discovery Co., Ltd. of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| ₩32,200.00 ( 0.155%) | ₩32,250.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 006125.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 32,450.00 | 0.620 % | |
| R2 | 32,354.50 | 0.324 % | ||
| R1 | 32,295.50 | 0.141 % | ||
| Current price: | 32,250.00 | |||
| Support | S1 | 32,104.50 | -0.451 % | |
| S2 | 32,045.50 | -0.634 % | ||
| S3 | 31,950.00 | -0.93 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 32,600.00 | 1.09 % | |
| R2 | 32,550.00 | 0.93 % | ||
| R1 | 32,500.00 | 0.775 % | ||
| Current price | 32,250.00 | |||
| Support | S1 | 32,100.00 | -0.465% | |
| S2 | 31,750.00 | -1.55% | ||
| S3 | 31,700.00 | -1.71% |
006125 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 29, 2024 | ₩1,200.00 | 3.72% |
| 2 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | ₩500.00 | 1.68% |
| 3 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩1,200.00 | 4.21% |
| 4 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | ₩550.00 | 1.84% |
| 5 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩1,550.00 | 4.26% |
FAQ
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