Youngbo Chemical Co., Ltd. Stock Forecast
Youngbo Chemical Co., Ltd. stock price down 0.541% on Friday
(Updated on May 17, 2024)
The Youngbo Chemical Co., Ltd. stock price fell by -0.541% on the last day (Friday, 17th May 2024) from ₩3,695.00 to ₩3,675.00. During the last trading day the stock fluctuated 2.49% from a day low at ₩3,615.00 to a day high of ₩3,705.00. The price has risen in 5 of the last 10 days and is up by 5% over the past 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 -96 thousand shares and in total, 82 thousand shares were bought and sold for approximately ₩302.87 million.
The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at ₩3,695.65 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Youngbo Chemical Co., Ltd. stock with a 90% probability to be traded between ₩3,416.44 and ₩3,734.67 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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014440.KS Signals & Forecast
The Youngbo Chemical 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 ₩3,597.14 and ₩3,525.86. A breakdown below any of these levels will issue sell signals. 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 16, 2024, and so far it has fallen -0.541%. 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 Youngbo Chemical Co., Ltd. stock
Youngbo Chemical Co., Ltd. finds support from accumulated volume at ₩3,660.00 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 ₩90.00 (2.49%) between high and low. For the last week, the stock has had daily average volatility of 2.36%.
Our recommended stop-loss: ₩3,537.35 (-3.75%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (014440.KS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Youngbo Chemical Co., Ltd. to open at ₩3,665.00, and during the day (based on 14 day Average True Range), to move between ₩3,590.90 and ₩3,759.10, which gives a possible trading interval of +/-₩84.10 (+/-2.29%) up or down from last closing price. If Youngbo Chemical Co., Ltd. takes out the full calculated possible swing range there will be an estimated 4.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩3,660.00 (0.41%) than the resistance at ₩3,695.00 (0.54%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Youngbo Chemical Co., Ltd. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Youngbo Chemical Co., Ltd. stock to perform well in the short-term period.
Current score: 1.971 Buy Candidate Unchanged
Predicted Opening Price for Youngbo Chemical Co., Ltd. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ₩3,665.00 ( 0.272%) | ₩3,675.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 014440.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,755.00 | 2.18 % | |
| R2 | 3,720.62 | 1.24 % | ||
| R1 | 3,699.38 | 0.663 % | ||
| Current price: | 3,675.00 | |||
| Support | S1 | 3,630.62 | -1.21 % | |
| S2 | 3,609.38 | -1.79 % | ||
| S3 | 3,575.00 | -2.72 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 3,695.00 | 0.544 % | ||
| Current price | 3,675.00 | |||
| Support | S1 | 3,660.00 | -0.408% | |
| S2 | 3,560.00 | -3.13% | ||
| S3 | 3,530.00 | -3.95% |
014440 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 19, 2024 | ₩50.00 | 1.47% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩50.00 | 1.43% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩100.00 | 2.28% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩75.00 | 2.07% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩100.00 | 2.86% |
FAQ
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