Sungwoo Hitech Co., Ltd. Stock Forecast
Red day on Friday for Sungwoo Hitech Co., Ltd.
(Updated on May 17, 2024)
The Sungwoo Hitech Co., Ltd. stock price fell by -4.84% on the last day (Friday, 17th May 2024) from ₩9,290.00 to ₩8,840.00. During the last trading day the stock fluctuated 5.33% from a day low at ₩8,820.00 to a day high of ₩9,290.00. The price has risen in 6 of the last 10 days but is still down by -6.75% for this period. Volume has increased on the last day by 1 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately ₩15.22 billion.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₩8,665.59 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -3.41% during the next 3 months and, with a 90% probability hold a price between ₩8,370.21 and ₩9,918.34 at the end of this 3-month period.
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015750.KQ Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 0.798%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Sungwoo Hitech Co., Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ₩9,330.00 and ₩9,284.86. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Sungwoo Hitech Co., Ltd. stock
Sungwoo Hitech Co., Ltd. finds support from accumulated volume at ₩8,770.00 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 ₩470.00 (5.33%) between high and low. For the last week, the stock has had daily average volatility of 2.83%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (015750.KQ) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Sungwoo Hitech Co., Ltd. to open at ₩8,983.33, and during the day (based on 14 day Average True Range), to move between ₩8,547.18 and ₩9,132.82, which gives a possible trading interval of +/-₩292.82 (+/-3.31%) up or down from last closing price. If Sungwoo Hitech Co., Ltd. takes out the full calculated possible swing range there will be an estimated 6.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩8,770.00 (0.79%) than the resistance at ₩9,950.00 (12.56%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sungwoo Hitech Co., Ltd. stock A Buy?
Sungwoo Hitech Co., Ltd. holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.195 Sell Candidate Unchanged
Predicted Opening Price for Sungwoo Hitech Co., Ltd. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ₩8,983.33 ( 1.62%) | ₩8,840.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 015750.KQ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9,453.33 | 6.94 % | |
| R2 | 9,273.79 | 4.91 % | ||
| R1 | 9,162.87 | 3.65 % | ||
| Current price: | 8,840.00 | |||
| Support | S1 | 8,803.79 | -0.410 % | |
| S2 | 8,692.87 | -1.66 % | ||
| S3 | 8,513.33 | -3.70 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10,600.00 | 19.91 % | |
| R2 | 9,960.00 | 12.67 % | ||
| R1 | 9,950.00 | 12.56 % | ||
| Current price | 8,840.00 | |||
| Support | S1 | 8,770.00 | -0.792% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
015750 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Dec 27, 2023 | ₩100.00 | 1.07% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩100.00 | 2.07% |
| 3 | Dec 28, 2016 | Dec 28, 2016 | Dec 28, 2016 | ₩200.00 | 2.79% |
| 4 | Dec 29, 2015 | Dec 29, 2015 | Dec 29, 2015 | ₩200.00 | 2.40% |
| 5 | Dec 29, 2014 | Dec 29, 2014 | Dec 29, 2014 | ₩200.00 | 1.77% |
FAQ
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