Sajo Industries Company Limited Stock Forecast
Big movements in Sajo Industries Company Limited stock price on Friday moving 16.63% between high and low
(Updated on Jun 28, 2024)
The Sajo Industries Company Limited stock price gained 11.53% on the last trading day (Friday, 28th Jun 2024), rising from ₩43,350.00 to ₩48,350.00. During the last trading day the stock fluctuated 16.63% from a day low at ₩43,300.00 to a day high of ₩50,500.00. The price has fallen in 7 of the last 10 days and is down by -2.72% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 358 thousand more shares were traded than the day before. In total, 378 thousand shares were bought and sold for approximately ₩18.30 billion.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 16.84% during the next 3 months and, with a 90% probability hold a price between ₩44,850.88 and ₩59,501.07 at the end of this 3-month period.
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007160.KS Signals & Forecast
The Sajo Industries Company Limited 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 ₩44,621.43 and ₩39,958.57. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen -2.72%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Sajo Industries Company Limited stock
Sajo Industries Company Limited finds support from accumulated volume at ₩47,300.00 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 ₩7,200.00 between high and low, or 16.63%. For the last week, the stock has had daily average volatility of 6.91%.
Our recommended stop-loss: ₩45,838.00 (-5.20%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 49 days ago.)
Trading Expectations (007160.KS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Sajo Industries Company Limited to open at ₩47,383.33, and during the day (based on 14 day Average True Range), to move between ₩45,666.24 and ₩51,033.76, which gives a possible trading interval of +/-₩2,683.76 (+/-5.55%) up or down from last closing price. If Sajo Industries Company Limited takes out the full calculated possible swing range there will be an estimated 11.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩49,100.00 (1.55%) than the support at ₩47,300.00 (2.17%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Sajo Industries Company Limited stock A Buy?
Sajo Industries Company Limited 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.797 Strong Buy Candidate Upgraded
Predicted Opening Price for Sajo Industries Company Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ₩47,383.33 ( 2.00%) | ₩48,350.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 007160.KS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 54,583.33 | 12.89% |
| R2 | 51,832.93 | 7.20% |
| R1 | 50,133.73 | 3.69% |
| Price | 48,350.00 | |
| S1 | 44,632.93 | -7.69% |
| S2 | 42,933.73 | -11.20% |
| S3 | 40,183.33 | -16.89% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 49,700.00 | 2.79% |
| R1 | 49,100.00 | 1.55% |
| Price | 48,350.00 | |
| S1 | 47,300.00 | -2.17% |
| S2 | 45,300.00 | -6.31% |
| S3 | 44,000.00 | -9.00% |
007160 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 22, 2024 | ₩350.00 | 0.97% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩350.00 | 0.772% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩300.00 | 0.630% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩200.00 | 0.647% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩150.00 | 0.402% |
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