Keyang Electric Machinery Co., Ltd. Stock Forecast

Keyang Electric Machinery Co., Ltd. stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on May 17, 2024)

012200.KS Signals & Forecast

The Keyang Electric Machinery 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 ₩2,108.00. On a fall, the stock will find some support from the long-term average at approximately ₩1,918.37. 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 Thursday, May 02, 2024, and so far it has fallen -23.84%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Thursday, April 11, 2024 in the short-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 Keyang Electric Machinery Co., Ltd. stock

Keyang Electric Machinery Co., Ltd. finds support from accumulated volume at ₩1,930.00 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₩79.00 between high and low, or 4.08%. For the last week, the stock has had daily average volatility of 4.60%.

Our recommended stop-loss: ₩1,849.48 (-4.96%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 9 days ago.)

Trading Expectations (012200.KS) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Keyang Electric Machinery Co., Ltd. to open at ₩1,965.67, and during the day (based on 14 day Average True Range), to move between ₩1,819.66 and ₩2,072.34, which gives a possible trading interval of +/-₩126.34 (+/-6.49%) up or down from last closing price. If Keyang Electric Machinery Co., Ltd. takes out the full calculated possible swing range there will be an estimated 12.98% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₩1,930.00 (0.82%) than the resistance at ₩2,310.00 (18.71%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Keyang Electric Machinery 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 Keyang Electric Machinery Co., Ltd. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.163 Buy Candidate Upgraded

Predicted Opening Price for Keyang Electric Machinery Co., Ltd. of Monday, May 20, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.