SC Engineering Co., Ltd Stock Forecast
Green day on Friday for SC Engineering Co., Ltd
(Updated on Jun 14, 2024)
The SC Engineering Co., Ltd stock price gained 0.124% on the last trading day (Friday, 14th Jun 2024), rising from ₩1,609.00 to ₩1,611.00. During the last trading day the stock fluctuated 1.00% from a day low at ₩1,604.00 to a day high of ₩1,620.00. The price has risen in 5 of the last 10 days and is up by 1.07% over the past 2 weeks. Volume fell on the last day by -49 thousand shares and in total, 80 thousand shares were bought and sold for approximately ₩128.95 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.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.94% during the next 3 months and, with a 90% probability hold a price between ₩1,548.67 and ₩1,746.47 at the end of this 3-month period.
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023960.KS Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, May 27, 2024, and so far it has fallen -2.36%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The SC Engineering Co., Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ₩1,596.57 and ₩1,572.54. A breakdown below any of these levels will issue sell signals. 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. The stock had a Golden Star Signal on Wednesday, June 12, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Wednesday, June 12, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A sell signal from a double top formation was found on Monday, May 27, 2024 and based on theory for this formation the price should fall by -18.35% to ₩1,315.44 within 41 trading days since signal was issued (Monday, June 17, 2024).
Support, Risk & Stop-loss for SC Engineering Co., Ltd stock
SC Engineering Co., Ltd finds support from accumulated volume at ₩1,604.00 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 ₩16.00 between high and low, or 1.00%. For the last week the stock has had daily average volatility of 1.76%.
Our recommended stop-loss: ₩1,543.95 (-4.16%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 34 days ago.)
Trading Expectations (023960.KS) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect SC Engineering Co., Ltd to open at ₩1,611.67, and during the day (based on 14 day Average True Range), to move between ₩1,560.15 and ₩1,661.85, which gives a possible trading interval of +/-₩50.85 (+/-3.16%) up or down from last closing price. If SC Engineering Co., Ltd takes out the full calculated possible swing range there will be an estimated 6.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩1,604.00 (0.43%) than the resistance at ₩1,642.00 (1.92%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is SC Engineering Co., Ltd stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for SC Engineering Co., Ltd stock to perform well in the short-term.
Current score: 1.965 Buy Candidate Unchanged
Predicted Opening Price for SC Engineering Co., Ltd of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| ₩1,611.67 ( 0.0414%) | ₩1,611.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 023960.KS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,627.67 | 1.03% |
| R2 | 1,621.55 | 0.655% |
| R1 | 1,617.78 | 0.421% |
| Price | 1,611.00 | |
| S1 | 1,605.55 | -0.338% |
| S2 | 1,601.78 | -0.572% |
| S3 | 1,595.67 | -0.95% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,653.00 | 2.61% |
| R2 | 1,650.00 | 2.42% |
| R1 | 1,642.00 | 1.92% |
| Price | 1,611.00 | |
| S1 | 1,604.00 | -0.435% |
| S2 | 1,577.00 | -2.11% |
| S3 | 1,564.00 | -2.92% |
023960 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2013 | Dec 27, 2013 | Dec 27, 2013 | ₩25.00 | 2.90% |
| 2 | Dec 27, 2012 | Dec 27, 2012 | Dec 27, 2012 | ₩25.00 | 1.64% |
| 3 | Dec 28, 2011 | Dec 28, 2011 | Dec 28, 2011 | ₩50.00 | 3.33% |
| 4 | Dec 29, 2010 | Dec 29, 2010 | Dec 29, 2010 | ₩50.00 | 3.03% |
| 5 | Dec 29, 2009 | Dec 29, 2009 | Dec 29, 2009 | ₩50.00 | 1.90% |
FAQ
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