SIMPAC Inc. Stock Forecast
SIMPAC Inc. stock upgraded from Hold/Accumulate to Buy Candidate after Tuesday trading session.
(Updated on May 21, 2024)
The SIMPAC Inc. stock price fell by -2.12% on the last day (Tuesday, 21st May 2024) from ₩4,240.00 to ₩4,150.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.93% from a day low at ₩4,150.00 to a day high of ₩4,230.00. The price has fallen in 7 of the last 10 days and is down by -3.71% for this period. Volume has increased on the last day by 50 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, 83 thousand shares were bought and sold for approximately ₩343.93 million.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₩4,149.56 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 2.82% during the next 3 months and, with a 90% probability hold a price between ₩4,266.60 and ₩5,366.07 at the end of this 3-month period.
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009160.KS Signals & Forecast
The SIMPAC Inc. 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 ₩4,253.57 and ₩4,353.71. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 0.85%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for SIMPAC Inc. stock
SIMPAC Inc. finds support from accumulated volume at ₩4,130.00 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 ₩80.00 (1.93%) between high and low. For the last week, the stock has had daily average volatility of 3.64%.
Our recommended stop-loss: ₩3,955.46 (-4.69%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 36 days ago.)
Trading Expectations (009160.KS) For The Upcoming Trading Day Of Wednesday 22nd
For the upcoming trading day on Wednesday, 22nd we expect SIMPAC Inc. to open at ₩4,176.67, and during the day (based on 14 day Average True Range), to move between ₩3,979.01 and ₩4,320.99, which gives a possible trading interval of +/-₩170.99 (+/-4.12%) up or down from last closing price. If SIMPAC Inc. takes out the full calculated possible swing range there will be an estimated 8.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩4,130.00 (0.48%) than the resistance at ₩4,730.00 (13.98%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is SIMPAC Inc. stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.054 Buy Candidate Upgraded
Predicted Opening Price for SIMPAC Inc. of Wednesday, May 22, 2024
| Fair opening price May 22, 2024 | Current price |
|---|---|
| ₩4,176.67 ( 0.643%) | ₩4,150.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 009160.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,256.67 | 2.57 % | |
| R2 | 4,226.11 | 1.83 % | ||
| R1 | 4,207.23 | 1.38 % | ||
| Current price: | 4,150.00 | |||
| Support | S1 | 4,146.11 | -0.0938 % | |
| S2 | 4,127.23 | -0.549 % | ||
| S3 | 4,096.67 | -1.29 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5,130.00 | 23.61 % | |
| R2 | 5,000.00 | 20.48 % | ||
| R1 | 4,730.00 | 13.98 % | ||
| Current price | 4,150.00 | |||
| Support | S1 | 4,130.00 | -0.482% | |
| S2 | 4,050.00 | -2.41% | ||
| S3 | 3,970.00 | -4.34% |
009160 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 29, 2024 | ₩200.00 | 4.81% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩200.00 | 4.04% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩200.00 | 3.07% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩60.00 | 2.44% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩60.00 | 2.05% |
FAQ
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