Sam Jung Pulp Co.,Ltd. Stock Forecast
Sam Jung Pulp Co.,Ltd. stock price up 0.750% on Tuesday
(Updated on Jun 25, 2024)
The Sam Jung Pulp Co.,Ltd. stock price gained 0.750% on the last trading day (Tuesday, 25th Jun 2024), rising from ₩26,650.00 to ₩26,850.00. During the last trading day the stock fluctuated 2.08% from a day low at ₩26,400.00 to a day high of ₩26,950.00. The price has fallen in 4 of the last 10 days and is down by -0.74% for this period. Volume fell on the last day by -2 thousand shares and in total, 789 shares were bought and sold for approximately ₩21.18 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 stock lies in the middle of a weak 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 8.36% during the next 3 months and, with a 90% probability hold a price between ₩28,220.82 and ₩29,709.98 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
009770.KS Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -0.92%. 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 Sam Jung Pulp 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 ₩26,800.00 and ₩26,041.43. 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. The stock had a Golden Star Signal on Monday, January 29, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Monday, January 29, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Sam Jung Pulp Co.,Ltd. stock
Sam Jung Pulp Co.,Ltd. finds support from accumulated volume at ₩25,850.00 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 ₩550.00 (2.08%) between high and low. For the last week, the stock has had daily average volatility of 1.62%.
Our recommended stop-loss: ₩26,017.65 (-3.10%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 20 days ago.)
Trading Expectations (009770.KS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Sam Jung Pulp Co.,Ltd. to open at ₩26,733.33, and during the day (based on 14 day Average True Range), to move between ₩26,423.98 and ₩27,276.02, which gives a possible trading interval of +/-₩426.02 (+/-1.59%) up or down from last closing price. If Sam Jung Pulp Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 3.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩27,000.00 (0.56%) than the support at ₩25,850.00 (3.72%), 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 Sam Jung Pulp 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 Sam Jung Pulp Co.,Ltd. stock to perform well in the short-term.
Current score: 2.794 Buy Candidate Unchanged
Predicted Opening Price for Sam Jung Pulp Co.,Ltd. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ₩26,733.33 ( 0.435%) | ₩26,850.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 009770.KS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 27,283.33 | 1.61% |
| R2 | 27,073.23 | 0.83% |
| R1 | 26,943.43 | 0.348% |
| Price | 26,850.00 | |
| S1 | 26,523.23 | -1.22% |
| S2 | 26,393.43 | -1.70% |
| S3 | 26,183.33 | -2.48% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 27,100.00 | 0.93% |
| R2 | 27,050.00 | 0.745% |
| R1 | 27,000.00 | 0.559% |
| Price | 26,850.00 | |
| S1 | 25,850.00 | -3.72% |
| S2 | 25,400.00 | -5.40% |
| S3 | 25,050.00 | -6.70% |
009770 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 18, 2024 | ₩1,000.00 | 4.00% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩1,000.00 | 3.88% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩1,000.00 | 3.40% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩1,000.00 | 3.36% |
| 5 | Dec 27, 2017 | Dec 27, 2017 | Dec 27, 2017 | ₩1,000.00 | 2.36% |
FAQ
Click here for our free guide on how to buy Sam Jung Pulp Co.,Ltd. Stock.
