SAJO SEAFOOD Co.,Ltd Stock Forecast
SAJO SEAFOOD Co.,Ltd stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on May 09, 2024)
The SAJO SEAFOOD Co.,Ltd stock price gained 1.16% on the last trading day (Thursday, 9th May 2024), rising from ₩3,445.00 to ₩3,485.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.19% from a day low at ₩3,420.00 to a day high of ₩3,495.00. The price has risen in 6 of the last 10 days and is up by 1.46% over the past 2 weeks. Volume fell on the last day by -7 thousand shares and in total, 15 thousand shares were bought and sold for approximately ₩52.94 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.
Given the current short-term trend, the stock is expected to fall -7.32% during the next 3 months and, with a 90% probability hold a price between ₩3,006.42 and ₩3,229.94 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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014710.KS Signals & Forecast
Mostly positive signals in the chart today. The SAJO SEAFOOD 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 ₩3,445.00 and ₩3,448.29. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 5.13%. 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 SAJO SEAFOOD Co.,Ltd stock
SAJO SEAFOOD Co.,Ltd finds support from accumulated volume at ₩3,430.00 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 ₩75.00 between high and low, or 2.19%. For the last week the stock has had daily average volatility of 1.73%.
Our recommended stop-loss: ₩3,327.23 (-4.53%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (014710.KS) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect SAJO SEAFOOD Co.,Ltd to open at ₩3,466.67, and during the day (based on 14 day Average True Range), to move between ₩3,419.34 and ₩3,550.66, which gives a possible trading interval of +/-₩65.66 (+/-1.88%) up or down from last closing price. If SAJO SEAFOOD Co.,Ltd takes out the full calculated possible swing range there will be an estimated 3.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩3,505.00 (0.57%) than the support at ₩3,430.00 (1.58%), 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 SAJO SEAFOOD Co.,Ltd stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for 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: 2.844 Buy Candidate Upgraded
Predicted Opening Price for SAJO SEAFOOD Co.,Ltd of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| ₩3,466.67 ( 0.526%) | ₩3,485.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 014710.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,541.67 | 1.63 % | |
| R2 | 3,513.02 | 0.80 % | ||
| R1 | 3,495.32 | 0.296 % | ||
| Current price: | 3,485.00 | |||
| Support | S1 | 3,438.02 | -1.35 % | |
| S2 | 3,420.32 | -1.86 % | ||
| S3 | 3,391.67 | -2.68 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,670.00 | 5.31 % | |
| R2 | 3,550.00 | 1.87 % | ||
| R1 | 3,505.00 | 0.574 % | ||
| Current price | 3,485.00 | |||
| Support | S1 | 3,430.00 | -1.58% | |
| S2 | 3,380.00 | -3.01% | ||
| S3 | 3,365.00 | -3.44% |
014710 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 22, 2024 | ₩40.00 | 1.18% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩40.00 | 0.86% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩60.00 | 1.08% |
| 4 | Dec 27, 2018 | Dec 27, 2018 | Dec 27, 2018 | ₩70.00 | 1.11% |
| 5 | Dec 27, 2017 | Dec 27, 2017 | Dec 27, 2017 | ₩70.00 | 1.14% |
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