KPX Chemical Co.,Ltd. Stock Forecast
KPX Chemical Co.,Ltd. stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 31, 2024)
The KPX Chemical Co.,Ltd. stock price gained 0.651% on the last trading day (Friday, 31st May 2024), rising from ₩46,050.00 to ₩46,350.00. During the last trading day the stock fluctuated 1.74% from a day low at ₩45,850.00 to a day high of ₩46,650.00. The price has fallen in 6 of the last 10 days but is still up by 2.54% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 thousand more shares were traded than the day before. In total, 8 thousand shares were bought and sold for approximately ₩392.35 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect KPX Chemical Co.,Ltd. stock with a 90% probability to be traded between ₩44,233.45 and ₩47,375.66 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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025000.KS Signals & Forecast
The KPX Chemical Co.,Ltd. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₩46,650.00. On a fall, the stock will find some support from the long-term average at approximately ₩45,305.71. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, May 23, 2024, and so far it has fallen -2.11%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Thursday, May 16, 2024 in the short-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
The stock had a Golden Star Signal on Thursday, May 16, 2024 in the short-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.
Support, Risk & Stop-loss for KPX Chemical Co.,Ltd. stock
KPX Chemical Co.,Ltd. finds support from accumulated volume at ₩45,600.00 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 ₩800.00 between high and low, or 1.74%. For the last week the stock has had daily average volatility of 1.69%.
Our recommended stop-loss: ₩44,438.24 (-4.12%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 31 days ago.)
Trading Expectations (025000.KS) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect KPX Chemical Co.,Ltd. to open at ₩46,283.33, and during the day (based on 14 day Average True Range), to move between ₩45,745.85 and ₩46,954.15, which gives a possible trading interval of +/-₩604.15 (+/-1.30%) up or down from last closing price. If KPX Chemical Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 2.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩46,400.00 (0.11%) than the support at ₩45,600.00 (1.62%), 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 KPX Chemical Co.,Ltd. stock A Buy?
KPX Chemical Co.,Ltd. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.093 Hold/Accumulate Upgraded
Predicted Opening Price for KPX Chemical Co.,Ltd. of Monday, June 3, 2024
Fair opening price June 3, 2024 | Current price |
---|---|
₩46,283.33 ( 0.144%) | ₩46,350.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 025000.KS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 47,083.33 | 1.58 % | |
R2 | 46,777.73 | 0.92 % | ||
R1 | 46,588.93 | 0.515 % | ||
Current price: | 46,350.00 | |||
Support | S1 | 45,977.73 | -0.80 % | |
S2 | 45,788.93 | -1.21 % | ||
S3 | 45,483.33 | -1.87 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 47,350.00 | 2.16 % | |
R2 | 46,950.00 | 1.29 % | ||
R1 | 46,400.00 | 0.108 % | ||
Current price | 46,350.00 | |||
Support | S1 | 45,600.00 | -1.62% | |
S2 | 45,200.00 | -2.48% | ||
S3 | 45,000.00 | -2.91% |
025000 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 27, 2024 | Jun 27, 2024 | Aug 08, 2024 | ₩500.00 | 1.08% |
2 | Dec 27, 2023 | Dec 27, 2023 | Apr 04, 2024 | ₩2,250.00 | 4.98% |
3 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | ₩500.00 | 1.07% |
4 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩2,250.00 | 4.41% |
5 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | ₩500.00 | 1.04% |
FAQ
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