Playgram Co., Ltd. Stock Forecast
Green day on Monday for Playgram Co., Ltd.
(Updated on May 20, 2024)
The Playgram Co., Ltd. stock price gained 3.75% on the last trading day (Monday, 20th May 2024), rising from ₩587.00 to ₩609.00. During the last trading day the stock fluctuated 9.19% from a day low at ₩566.00 to a day high of ₩618.00. The price has risen in 6 of the last 10 days and is up by 10.73% over the past 2 weeks. Volume fell on the last day by -1 million shares and in total, 350 thousand shares were bought and sold for approximately ₩213.30 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 very wide 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 2.10% during the next 3 months and, with a 90% probability hold a price between ₩555.62 and ₩700.67 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.
009810.KS Signals & Forecast
Mostly positive signals in the chart today. The Playgram Co., Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ₩569.43 and ₩588.40. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 03, 2024, and so far it has risen 12.36%. 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). 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.
Support, Risk & Stop-loss for Playgram Co., Ltd. stock
Playgram Co., Ltd. finds support from accumulated volume at ₩598.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₩52.00 between high and low, or 9.19%. For the last week, the stock has had daily average volatility of 9.73%.
Our recommended stop-loss: ₩588.89 (-3.30%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 28 days ago.)
Trading Expectations (009810.KS) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Playgram Co., Ltd. to open at ₩597.67, and during the day (based on 14 day Average True Range), to move between ₩573.54 and ₩644.46, which gives a possible trading interval of +/-₩35.46 (+/-5.82%) up or down from last closing price. If Playgram Co., Ltd. takes out the full calculated possible swing range there will be an estimated 11.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩613.00 (0.66%) than the support at ₩598.00 (1.81%), 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 Playgram 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 Playgram Co., Ltd. stock to perform well in the short-term.
Current score: 3.424 Buy Candidate Unchanged
Predicted Opening Price for Playgram Co., Ltd. of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| ₩597.67 ( 1.86%) | ₩609.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 009810.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 649.67 | 6.68 % | |
| R2 | 629.80 | 3.42 % | ||
| R1 | 617.53 | 1.40 % | ||
| Current price: | 609.00 | |||
| Support | S1 | 577.80 | -5.12 % | |
| S2 | 565.53 | -7.14 % | ||
| S3 | 545.67 | -10.40 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 646.00 | 6.08 % | |
| R2 | 644.00 | 5.75 % | ||
| R1 | 613.00 | 0.657 % | ||
| Current price | 609.00 | |||
| Support | S1 | 598.00 | -1.81% | |
| S2 | 587.00 | -3.61% | ||
| S3 | 544.00 | -10.67% |
FAQ
Click here for our free guide on how to buy Playgram Co., Ltd. Stock.
