Samwha Electric Co.,Ltd. Stock Forecast
Big movements in Samwha Electric Co.,Ltd. stock price on Friday moving 10.37% between high and low
(Updated on May 17, 2024)
The Samwha Electric Co.,Ltd. stock price fell by -6.82% on the last day (Friday, 17th May 2024) from ₩71,900.00 to ₩67,000.00. During the last trading day the stock fluctuated 10.37% from a day low at ₩65,600.00 to a day high of ₩72,400.00. The price has been going up and down for this period, and there has been a 2.13% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -37 thousand shares and in total, 482 thousand shares were bought and sold for approximately ₩32.30 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 225.40% during the next 3 months and, with a 90% probability hold a price between ₩173,676.59 and ₩271,843.72 at the end of this 3-month period.
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009470.KS Signals & Forecast
The Samwha Electric Co.,Ltd. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₩70,157.14. On a fall, the stock will find some support from the long-term average at approximately ₩47,922.86. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Monday, May 13, 2024, and so far it has fallen -16.87%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Samwha Electric Co.,Ltd. stock
Samwha Electric Co.,Ltd. finds support from accumulated volume at ₩66,000.00 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved ₩6,800.00 between high and low, or 10.37%. For the last week, the stock has had daily average volatility of 13.16%.
Our recommended stop-loss: ₩63,194.40 (-5.68%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (009470.KS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Samwha Electric Co.,Ltd. to open at ₩68,333.33, and during the day (based on 14 day Average True Range), to move between ₩60,294.34 and ₩73,705.66, which gives a possible trading interval of +/-₩6,705.66 (+/-10.01%) up or down from last closing price. If Samwha Electric Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 20.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩67,300.00 (0.45%) than the support at ₩66,000.00 (1.49%), 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 Samwha Electric Co.,Ltd. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Samwha Electric Co.,Ltd. stock to perform well in the short-term.
Current score: 1.555 Buy Candidate Unchanged
Predicted Opening Price for Samwha Electric Co.,Ltd. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ₩68,333.33 ( 1.99%) | ₩67,000.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 009470.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 75,133.33 | 12.14 % | |
| R2 | 72,535.73 | 8.26 % | ||
| R1 | 70,930.93 | 5.87 % | ||
| Current price: | 67,000.00 | |||
| Support | S1 | 65,735.73 | -1.89 % | |
| S2 | 64,130.93 | -4.28 % | ||
| S3 | 61,533.33 | -8.16 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 80,600.00 | 20.30 % | |
| R2 | 70,000.00 | 4.48 % | ||
| R1 | 67,300.00 | 0.448 % | ||
| Current price | 67,000.00 | |||
| Support | S1 | 66,000.00 | -1.49% | |
| S2 | 65,600.00 | -2.09% | ||
| S3 | 53,200.00 | -20.60% |
009470 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 22, 2024 | ₩300.00 | 0.789% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩300.00 | 2.11% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩300.00 | 0.99% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩100.00 | 0.498% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩100.00 | 0.662% |
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