Jahwa Electronics. Co., Ltd Stock Forecast
Jahwa Electronics. Co., Ltd stock price down 1.96% on Friday
(Updated on Jun 21, 2024)
The Jahwa Electronics. Co., Ltd stock price fell by -1.96% on the last day (Friday, 21st Jun 2024) from ₩25,500.00 to ₩25,000.00. During the last trading day the stock fluctuated 2.23% from a day low at ₩24,700.00 to a day high of ₩25,250.00. The price has risen in 6 of the last 10 days but is still down by -0.4% for this period. Volume has increased on the last day by 8 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, 103 thousand shares were bought and sold for approximately ₩2.58 billion.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₩24,359.44 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 2.96% during the next 3 months and, with a 90% probability hold a price between ₩25,081.68 and ₩29,350.87 at the end of this 3-month period.
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033240.KS Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 3.09%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Jahwa Electronics. 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 ₩25,064.29 and ₩25,848.57. A break-up above any of these levels will issue buy signals. 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 Jahwa Electronics. Co., Ltd stock
Jahwa Electronics. Co., Ltd finds support from accumulated volume at ₩24,750.00 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 ₩550.00 (2.23%) between high and low. For the last week, the stock has had daily average volatility of 2.13%.
Our recommended stop-loss: ₩23,705.00 (-5.18%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (033240.KS) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Jahwa Electronics. Co., Ltd to open at ₩24,983.33, and during the day (based on 14 day Average True Range), to move between ₩24,076.70 and ₩25,923.30, which gives a possible trading interval of +/-₩923.30 (+/-3.69%) up or down from last closing price. If Jahwa Electronics. Co., Ltd takes out the full calculated possible swing range there will be an estimated 7.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩24,750.00 (1.00%) than the resistance at ₩25,400.00 (1.60%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Jahwa Electronics. Co., Ltd stock A Buy?
Jahwa Electronics. Co., Ltd holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.855 Hold/Accumulate Unchanged
Predicted Opening Price for Jahwa Electronics. Co., Ltd of Monday, June 24, 2024
Fair opening price June 24, 2024 | Current price |
---|---|
₩24,983.33 ( 0.0667%) | ₩25,000.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 033240.KS
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 25,533.33 | 2.13% |
R2 | 25,323.23 | 1.29% |
R1 | 25,193.43 | 0.774% |
Price | 25,000.00 | |
S1 | 24,773.23 | -0.91% |
S2 | 24,643.43 | -1.43% |
S3 | 24,433.33 | -2.27% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 26,800.00 | 7.20% |
R2 | 26,300.00 | 5.20% |
R1 | 25,400.00 | 1.60% |
Price | 25,000.00 | |
S1 | 24,750.00 | -1.00% |
S2 | 24,650.00 | -1.40% |
S3 | 24,250.00 | -3.00% |
033240 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 27, 2018 | Dec 27, 2018 | Dec 27, 2018 | ₩200.00 | 1.69% |
2 | Dec 27, 2017 | Dec 27, 2017 | Dec 27, 2017 | ₩450.00 | 1.65% |
3 | Dec 28, 2016 | Dec 28, 2016 | Dec 28, 2016 | ₩400.00 | 2.33% |
4 | Dec 29, 2015 | Dec 29, 2015 | Dec 29, 2015 | ₩400.00 | 2.58% |
5 | Dec 29, 2014 | Dec 29, 2014 | Dec 29, 2014 | ₩400.00 | 3.09% |
FAQ
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