INFAC Corporation Stock Forecast
Red day on Wednesday for INFAC Corporation
(Updated on Jun 26, 2024)
The INFAC Corporation stock price fell by -0.363% on the last day (Wednesday, 26th Jun 2024) from ₩8,270.00 to ₩8,240.00. During the last trading day the stock fluctuated 2.20% from a day low at ₩8,200.00 to a day high of ₩8,380.00. The price has fallen in 7 of the last 10 days but is still up by 0.61% 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 -19 thousand shares and in total, 22 thousand shares were bought and sold for approximately ₩183.38 million.
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 ₩8,102.10 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -8.30% during the next 3 months and, with a 90% probability hold a price between ₩7,429.88 and ₩8,485.17 at the end of this 3-month period.
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023810.KS Signals & Forecast
There are mixed signals in the stock today. The INFAC Corporation 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 ₩8,398.57 and ₩8,458.57. 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 Monday, June 24, 2024, and so far it has risen 1.35%. 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 INFAC Corporation stock
INFAC Corporation finds support from accumulated volume at ₩8,200.00 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 ₩180.00 (2.20%) between high and low. For the last week, the stock has had daily average volatility of 3.03%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (023810.KS) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect INFAC Corporation to open at ₩8,273.33, and during the day (based on 14 day Average True Range), to move between ₩7,900.63 and ₩8,579.37, which gives a possible trading interval of +/-₩339.37 (+/-4.12%) up or down from last closing price. If INFAC Corporation takes out the full calculated possible swing range there will be an estimated 8.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩8,200.00 (0.49%) than the resistance at ₩8,620.00 (4.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is INFAC Corporation stock A Buy?
INFAC Corporation 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.
Current score: -1.756 Sell Candidate Unchanged
Predicted Opening Price for INFAC Corporation of Thursday, June 27, 2024
Fair opening price June 27, 2024 | Current price |
---|---|
₩8,273.33 ( 0.405%) | ₩8,240.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 023810.KS
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 8,453.33 | 2.59% |
R2 | 8,384.57 | 1.75% |
R1 | 8,342.09 | 1.24% |
Price | 8,240.00 | |
S1 | 8,204.57 | -0.430% |
S2 | 8,162.09 | -0.95% |
S3 | 8,093.33 | -1.78% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 8,860.00 | 7.52% |
R2 | 8,780.00 | 6.55% |
R1 | 8,620.00 | 4.61% |
Price | 8,240.00 | |
S1 | 8,200.00 | -0.485% |
S2 | 8,190.00 | -0.607% |
S3 | 8,130.00 | -1.33% |
023810 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 27, 2023 | Dec 27, 2023 | Apr 29, 2024 | ₩180.00 | 2.11% |
2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩180.00 | 2.68% |
3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩180.00 | 1.36% |
4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩150.00 | 2.50% |
5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩120.00 | 3.16% |
FAQ
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