KidariStudio, Inc. Stock Forecast
KidariStudio, Inc. stock downgraded to Sell Candidate
(Updated on May 10, 2024)
The KidariStudio, Inc. stock price fell by -0.642% on the last day (Friday, 10th May 2024) from ₩4,670.00 to ₩4,640.00. During the last trading day the stock fluctuated 5.44% from a day low at ₩4,500.00 to a day high of ₩4,745.00. The price has been going up and down for this period, and there has been a -0.22% loss for the last 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 -67 thousand shares and in total, 50 thousand shares were bought and sold for approximately ₩232.41 million.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at ₩4,737.27 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -28.67% during the next 3 months and, with a 90% probability hold a price between ₩2,821.42 and ₩3,379.09 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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020120.KS Signals & Forecast
There are mixed signals in the stock today. The KidariStudio, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₩4,651.43 and ₩4,771.29. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 6.06%. 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).
Support, Risk & Stop-loss for KidariStudio, Inc. stock
KidariStudio, Inc. finds support from accumulated volume at ₩4,610.00 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 ₩245.00 (5.44%) between high and low. For the last week, the stock has had daily average volatility of 3.70%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (020120.KS) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect KidariStudio, Inc. to open at ₩4,628.33, and during the day (based on 14 day Average True Range), to move between ₩4,455.75 and ₩4,824.25, which gives a possible trading interval of +/-₩184.25 (+/-3.97%) up or down from last closing price. If KidariStudio, Inc. takes out the full calculated possible swing range there will be an estimated 7.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩4,650.00 (0.22%) than the support at ₩4,610.00 (0.65%), 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 KidariStudio, Inc. stock A Buy?
KidariStudio, Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.724 Sell Candidate Downgraded
Predicted Opening Price for KidariStudio, Inc. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| ₩4,628.33 ( 0.251%) | ₩4,640.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 020120.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,873.33 | 5.03 % | |
| R2 | 4,779.74 | 3.01 % | ||
| R1 | 4,721.92 | 1.77 % | ||
| Current price: | 4,640.00 | |||
| Support | S1 | 4,534.74 | -2.27 % | |
| S2 | 4,476.92 | -3.51 % | ||
| S3 | 4,383.33 | -5.53 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5,600.00 | 20.69 % | |
| R2 | 5,080.00 | 9.48 % | ||
| R1 | 4,650.00 | 0.216 % | ||
| Current price | 4,640.00 | |||
| Support | S1 | 4,610.00 | -0.647% | |
| S2 | 4,540.00 | -2.16% | ||
| S3 | 4,445.00 | -4.20% |
020120 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 22, 2024 | ₩50.00 | 1.12% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩50.00 | 0.554% |
| 3 | Dec 29, 2015 | Dec 29, 2015 | Dec 29, 2015 | ₩20.00 | 0.508% |
| 4 | Dec 29, 2014 | Dec 29, 2014 | Dec 29, 2014 | ₩30.00 | 1.00% |
| 5 | Jan 04, 2000 | Jan 04, 2000 | Jan 04, 2000 | ₩907.05 | 1.11% |
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