sindoh Co.,Ltd. Stock Forecast
Red day on Friday for sindoh Co.,Ltd.
(Updated on Jun 21, 2024)
The sindoh Co.,Ltd. stock price fell by -0.393% on the last day (Friday, 21st Jun 2024) from ₩38,200.00 to ₩38,050.00. During the last trading day the stock fluctuated 1.99% from a day low at ₩37,600.00 to a day high of ₩38,350.00. The price has fallen in 7 of the last 10 days and is down by -1.68% for this period. 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 -3 thousand shares and in total, 10 thousand shares were bought and sold for approximately ₩362.62 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 -4.44% during the next 3 months and, with a 90% probability hold a price between ₩32,765.77 and ₩38,988.59 at the end of this 3-month period.
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029530.KS Signals & Forecast
The sindoh 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 ₩37,742.86 and ₩37,687.14. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 6.73%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for sindoh Co.,Ltd. stock
sindoh Co.,Ltd. finds support from accumulated volume at ₩37,700.00 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 ₩750.00 between high and low, or 1.99%. For the last week the stock has had daily average volatility of 2.28%.
Our recommended stop-loss: ₩36,543.22 (-3.96%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 60 days ago.)
Trading Expectations (029530.KS) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect sindoh Co.,Ltd. to open at ₩38,000.00, and during the day (based on 14 day Average True Range), to move between ₩37,199.44 and ₩38,900.56, which gives a possible trading interval of +/-₩850.56 (+/-2.24%) up or down from last closing price. If sindoh Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 4.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩37,700.00 (0.92%) than the resistance at ₩38,450.00 (1.05%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is sindoh Co.,Ltd. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.854 Buy Candidate Unchanged
Predicted Opening Price for sindoh Co.,Ltd. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| ₩38,000.00 ( 0.131%) | ₩38,050.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 029530.KS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 38,750.00 | 1.84% |
| R2 | 38,463.50 | 1.09% |
| R1 | 38,286.50 | 0.622% |
| Price | 38,050.00 | |
| S1 | 37,713.50 | -0.88% |
| S2 | 37,536.50 | -1.35% |
| S3 | 37,250.00 | -2.10% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 42,700.00 | 12.22% |
| R2 | 39,300.00 | 3.29% |
| R1 | 38,450.00 | 1.05% |
| Price | 38,050.00 | |
| S1 | 37,700.00 | -0.92% |
| S2 | 37,650.00 | -1.05% |
| S3 | 36,500.00 | -4.07% |
029530 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 18, 2024 | ₩1,500.00 | 4.12% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩1,500.00 | 4.61% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩1,500.00 | 4.57% |
| 4 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩1,000.00 | 2.70% |
| 5 | Dec 27, 2018 | Dec 27, 2018 | Dec 27, 2018 | ₩1,600.00 | 3.41% |
FAQ
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