Eugene Corporation Stock Forecast
Eugene Corporation stock price ended at ₩3,535.00 on Friday, after losing 0.702%.
(Updated on May 03, 2024)
The Eugene Corporation stock price fell by -0.702% on the last day (Friday, 3rd May 2024) from ₩3,560.00 to ₩3,535.00. During the last trading day the stock fluctuated 1.56% from a day low at ₩3,525.00 to a day high of ₩3,580.00. The price has been going up and down for this period, and there has been a 3.21% gain for the last 2 weeks. Volume has increased on the last day by 21 thousand 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, 85 thousand shares were bought and sold for approximately ₩301.90 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -6.06% during the next 3 months and, with a 90% probability hold a price between ₩3,146.57 and ₩3,556.20 at the end of this 3-month period.
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023410.KQ Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 4.12%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Eugene Corporation stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ₩3,620.29. On a fall, the stock will find some support from the short-term average at ₩3,533.57. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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 Eugene Corporation stock
Eugene Corporation finds support from accumulated volume at ₩3,525.00 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 ₩55.00 (1.56%) between high and low. For the last week, the stock has had daily average volatility of 1.39%.
Our recommended stop-loss: ₩3,390.15 (-4.10%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (023410.KQ) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Eugene Corporation to open at ₩3,546.67, and during the day (based on 14 day Average True Range), to move between ₩3,451.50 and ₩3,618.50, which gives a possible trading interval of +/-₩83.50 (+/-2.36%) up or down from last closing price. If Eugene Corporation takes out the full calculated possible swing range there will be an estimated 4.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩3,525.00 (0.28%) than the resistance at ₩3,890.00 (10.04%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Eugene Corporation will release earnings BMO on Monday, May 13, 2024. We will update the financials statements for Eugene Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.96% in the first trading day after earnings release.
Is Eugene Corporation stock A Buy?
Eugene Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.023 Hold/Accumulate Unchanged
Predicted Opening Price for Eugene Corporation of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| ₩3,546.67 ( 0.330%) | ₩3,535.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 023410.KQ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,601.67 | 1.89 % | |
| R2 | 3,580.66 | 1.29 % | ||
| R1 | 3,567.68 | 0.92 % | ||
| Current price: | 3,535.00 | |||
| Support | S1 | 3,525.66 | -0.264 % | |
| S2 | 3,512.68 | -0.631 % | ||
| S3 | 3,491.67 | -1.23 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,980.00 | 12.59 % | |
| R2 | 3,940.00 | 11.46 % | ||
| R1 | 3,890.00 | 10.04 % | ||
| Current price | 3,535.00 | |||
| Support | S1 | 3,525.00 | -0.283% | |
| S2 | 3,480.00 | -1.56% | ||
| S3 | 3,395.00 | -3.96% |
023410 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 19, 2024 | ₩170.00 | 4.98% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩170.00 | 4.66% |
| 3 | Dec 28, 2016 | Dec 28, 2016 | Dec 28, 2016 | ₩150.00 | 2.98% |
| 4 | Dec 29, 2015 | Dec 29, 2015 | Dec 29, 2015 | ₩70.00 | 1.62% |
| 5 | Dec 29, 2014 | Dec 29, 2014 | Dec 29, 2014 | ₩50.00 | 1.66% |
FAQ
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