JUSUNG ENGINEERING Co., Ltd. Stock Forecast
JUSUNG ENGINEERING Co., Ltd. stock downgraded to Sell Candidate
(Updated on May 03, 2024)
The JUSUNG ENGINEERING Co., Ltd. stock price fell by -2.69% on the last day (Friday, 3rd May 2024) from ₩35,300.00 to ₩34,350.00. During the last trading day the stock fluctuated 8.57% from a day low at ₩32,100.00 to a day high of ₩34,850.00. The price has been going up and down for this period, and there has been a -1.72% loss for the last 2 weeks. Volume has increased on the last day by 2 million 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, 2 million shares were bought and sold for approximately ₩78.38 billion.
The stock lies in the lower part of a very 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 ₩32,436.71 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 8.32% during the next 3 months and, with a 90% probability hold a price between ₩35,135.75 and ₩45,961.40 at the end of this 3-month period.
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036930.KQ Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 23, 2024, and so far it has risen 7.18%. 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. The JUSUNG 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 ₩34,478.57 and ₩35,224.29. A break-up above any of these levels will issue buy signals. 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 JUSUNG ENGINEERING Co., Ltd. stock
JUSUNG ENGINEERING Co., Ltd. finds support from accumulated volume at ₩33,800.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₩2,750.00 between high and low, or 8.57%. For the last week, the stock has had daily average volatility of 5.94%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (036930.KQ) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect JUSUNG ENGINEERING Co., Ltd. to open at ₩33,766.67, and during the day (based on 14 day Average True Range), to move between ₩32,172.79 and ₩36,527.21, which gives a possible trading interval of +/-₩2,177.21 (+/-6.34%) up or down from last closing price. If JUSUNG ENGINEERING Co., Ltd. takes out the full calculated possible swing range there will be an estimated 12.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩34,450.00 (0.29%) than the support at ₩33,800.00 (1.60%), 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.
Earnings coming up
JUSUNG ENGINEERING Co., Ltd. will release earnings BMO on Monday, May 13, 2024.The consensus among the analysts for the expected earnings (EPS) is $532.50. We will update the financials statements for JUSUNG ENGINEERING Co., Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.50% in the first trading day after earnings release.
Is JUSUNG ENGINEERING Co., Ltd. stock A Buy?
The JUSUNG ENGINEERING Co., Ltd. stock holds several negative signals and despite the positive trend, we believe JUSUNG 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 Buy to a Sell candidate.
Current score: -2.856 Sell Candidate Downgraded
Predicted Opening Price for JUSUNG ENGINEERING Co., Ltd. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| ₩33,766.67 ( 1.70%) | ₩34,350.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 036930.KQ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 36,516.67 | 6.31 % | |
| R2 | 35,466.17 | 3.25 % | ||
| R1 | 34,817.17 | 1.36 % | ||
| Current price: | 34,350.00 | |||
| Support | S1 | 32,716.17 | -4.76 % | |
| S2 | 32,067.17 | -6.65 % | ||
| S3 | 31,016.67 | -9.70 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 40,000.00 | 16.45 % | |
| R2 | 36,750.00 | 6.99 % | ||
| R1 | 34,450.00 | 0.291 % | ||
| Current price | 34,350.00 | |||
| Support | S1 | 33,800.00 | -1.60% | |
| S2 | 32,450.00 | -5.53% | ||
| S3 | 29,300.00 | -14.70% |
036930 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Dec 27, 2023 | ₩193.00 | 0.554% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩193.00 | 1.75% |
| 3 | Dec 27, 2007 | Dec 27, 2007 | Dec 27, 2007 | ₩100.00 | 0.611% |
| 4 | Jan 02, 2001 | Jan 02, 2001 | Jan 02, 2001 | ₩250.00 | 6.58% |
FAQ
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