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AI Analysis of 023960.KS
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Weaker technical forecast for SC Engineering Co., Ltd as stock downgraded to Sell Candidate.
(Updated on Jun 21, 2024)

Sell candidate since Jun 21, 2024 PDF

The SC Engineering Co., Ltd stock price fell by -1.72% on the last day (Friday, 21st Jun 2024) from ₩1,566.00 to ₩1,539.00. During the last trading day the stock fluctuated 2.55% from a day low at ₩1,530.00 to a day high of ₩1,569.00. The price has fallen in 5 of the last 10 days and is down by -3.09% for this period. Volume has increased on the last day by 47 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, 100 thousand shares were bought and sold for approximately ₩154.02 million.

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 2.10% during the next 3 months and, with a 90% probability hold a price between ₩1,530.62 and ₩1,695.06 at the end of this 3-month period.

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023960.KS Signals & Forecast

There are few to no technical positive signals at the moment. The SC Engineering Co., Ltd 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 ₩1,582.00 and ₩1,582.71. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 27, 2024, and so far it has fallen -6.73%. 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). 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 SC Engineering Co., Ltd stock

SC Engineering Co., Ltd finds support from accumulated volume at ₩1,517.00 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 ₩39.00 between high and low, or 2.55%. For the last week the stock has had daily average volatility of 2.37%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (023960.KS) For The Upcoming Trading Day Of Monday 24th

For the upcoming trading day on Monday, 24th we expect SC Engineering Co., Ltd to open at ₩1,546.00, and during the day (based on 14 day Average True Range), to move between ₩1,492.53 and ₩1,585.47, which gives a possible trading interval of +/-₩46.47 (+/-3.02%) 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 6.04% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₩1,517.00 (1.43%) than the resistance at ₩1,564.00 (1.62%), 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?

The SC Engineering Co., Ltd stock holds several negative signals and despite the positive trend, we believe SC Engineering Co., Ltd will perform weakly in the next couple of days or weeks. Therefore, we 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: -2.624 Sell Candidate Downgraded

Predicted Opening Price for SC Engineering Co., Ltd of Monday, June 24, 2024

Fair opening price June 24, 2024 Current price
₩1,546.00 ( 0.455%) ₩1,539.00

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 1,585.00 2.99%
R2 1,570.10 2.02%
R1 1,560.90 1.42%
Price 1,539.00
S1 1,531.10 -0.513%
S2 1,521.90 -1.11%
S3 1,507.00 -2.08%

Accumulated Volume Support & Resistance Levels

Level Price
R3 1,604.00 4.22%
R2 1,577.00 2.47%
R1 1,564.00 1.62%
Price 1,539.00
S1 1,517.00 -1.43%
S2 1,505.00 -2.21%
S3 1,500.00 -2.53%

023960 Dividend Payout History


# Declaration Date 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

What is the symbol for SC Engineering Co., Ltd Stock and on which exchange is it traded?
The symbol for SC Engineering Co., Ltd is 023960.KS and it is traded on the KSE (Korea Exchange).

Should I buy or sell SC Engineering Co., Ltd Stock?
The SC Engineering Co., Ltd stock holds several negative signals and despite the positive trend, we believe SC Engineering Co., Ltd will perform weakly in the next couple of days or weeks. Therefore, we 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.

How to buy SC Engineering Co., Ltd Stock?
SC Engineering Co., Ltd Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy SC Engineering Co., Ltd Stock.

What's the current price of SC Engineering Co., Ltd Stock?
As of the end of day on the Jun 21, 2024, the price of an SC Engineering Co., Ltd (023960.KS) share was ₩1,539.00.

What is the 52-week high and low for SC Engineering Co., Ltd Stock?
The 52-week high for SC Engineering Co., Ltd Stock is ₩2,650.00 and the 52-week low is ₩1,420.00.

What is the market capitalization of SC Engineering Co., Ltd Stock?
As of the Jun 21, 2024, the market capitalization of SC Engineering Co., Ltd is 50.589B.
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