Sam Jung Pulp Co.,Ltd. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Friday for Sam Jung Pulp Co.,Ltd.
(Updated on Jun 28, 2024)
No changes to the price of Sam Jung Pulp Co.,Ltd. stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 0.756% from a day low at ₩26,450.00 to a day high of ₩26,650.00. The price has fallen in 5 of the last 10 days and is down by -1.3% for this period.
The stock lies in the middle of a narrow and 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 9.12% during the next 3 months and, with a 90% probability hold a price between ₩28,649.10 and ₩30,073.68 at the end of this 3-month period.
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009770.KS Signals & Forecast
A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -1.66%. 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). Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Sam Jung Pulp 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 ₩26,714.29. On a fall, the stock will find some support from the long-term average at approximately ₩26,182.86. 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. 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.
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 ₩200.00 between high and low, or 0.756%. For the last week the stock has had daily average volatility of 1.94%.
Our recommended stop-loss: ₩25,546.79 (-4.14%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 23 days ago.)
Trading Expectations (009770.KS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Sam Jung Pulp Co.,Ltd. to open at ₩26,583.33, and during the day (based on 14 day Average True Range), to move between ₩26,214.02 and ₩27,085.98, which gives a possible trading interval of +/-₩435.98 (+/-1.64%) 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 3.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩26,750.00 (0.38%) than the support at ₩25,850.00 (3.00%), 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 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.
Current score: 1.973 Buy Candidate Unchanged
Predicted Opening Price for Sam Jung Pulp Co.,Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ₩26,583.33 ( 0.250%) | ₩26,650.00 |
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 | 26,783.33 | 0.500% |
| R2 | 26,706.93 | 0.214% |
| R1 | 26,659.73 | 0.0365% |
| Price | 26,650.00 | |
| S1 | 26,506.93 | -0.537% |
| S2 | 26,459.73 | -0.714% |
| S3 | 26,383.33 | -1.00% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 27,100.00 | 1.69% |
| R2 | 27,050.00 | 1.50% |
| R1 | 26,750.00 | 0.375% |
| Price | 26,650.00 | |
| S1 | 25,850.00 | -3.00% |
| S2 | 25,400.00 | -4.69% |
| S3 | 25,050.00 | -6.00% |
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
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