EO Technics Co., Ltd. Stock Forecast
EO Technics Co., Ltd. stock price down 2.00% on Friday
(Updated on May 17, 2024)
The EO Technics Co., Ltd. stock price fell by -2.00% on the last day (Friday, 17th May 2024) from ₩225,500.00 to ₩221,000.00. During the last trading day the stock fluctuated 5.06% from a day low at ₩217,500.00 to a day high of ₩228,500.00. The price has fallen in 6 of the last 10 days and is down by -8.11% 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 -49 thousand shares and in total, 119 thousand shares were bought and sold for approximately ₩26.32 billion.
Given the current short-term trend, the stock is expected to rise 32.64% during the next 3 months and, with a 90% probability hold a price between ₩293,132.94 and ₩398,687.83 at the end of this 3-month period.
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039030.KQ Signals & Forecast
There are few to no technical positive signals at the moment. The EO Technics 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 ₩230,714.29 and ₩232,062.86. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 12, 2024, and so far it has fallen -19.05%. 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 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 EO Technics Co., Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at ₩208,500.00 and ₩204,500.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, EO Technics Co., Ltd. finds support just below today's level at ₩208,500.00. If this is broken, then the next support from accumulated volume will be at ₩204,500.00 and ₩202,000.00.
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 ₩11,000.00 between high and low, or 5.06%. For the last week, the stock has had daily average volatility of 6.86%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (039030.KQ) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect EO Technics Co., Ltd. to open at ₩222,333.33, and during the day (based on 14 day Average True Range), to move between ₩206,090.38 and ₩235,909.62, which gives a possible trading interval of +/-₩14,909.62 (+/-6.75%) up or down from last closing price. If EO Technics Co., Ltd. takes out the full calculated possible swing range there will be an estimated 13.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩208,500.00 (5.66%) than the resistance at ₩240,000.00 (8.60%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is EO Technics Co., Ltd. stock A Buy?
The EO Technics Co., Ltd. stock holds several negative signals and despite the positive trend, we believe EO Technics Co., Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.215 Sell Candidate Unchanged
Predicted Opening Price for EO Technics Co., Ltd. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ₩222,333.33 ( 0.603%) | ₩221,000.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 039030.KQ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 233,333.33 | 5.58 % | |
| R2 | 229,131.33 | 3.68 % | ||
| R1 | 226,535.33 | 2.50 % | ||
| Current price: | 221,000.00 | |||
| Support | S1 | 218,131.33 | -1.30 % | |
| S2 | 215,535.33 | -2.47 % | ||
| S3 | 211,333.33 | -4.37 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 259,000.00 | 17.19 % | |
| R2 | 251,500.00 | 13.80 % | ||
| R1 | 240,000.00 | 8.60 % | ||
| Current price | 221,000.00 | |||
| Support | S1 | 208,500.00 | -5.66% | |
| S2 | 204,500.00 | -7.47% | ||
| S3 | 202,000.00 | -8.60% |
039030 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Dec 27, 2023 | ₩1,000.00 | 0.645% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩1,000.00 | 1.43% |
| 3 | Dec 28, 2016 | Dec 28, 2016 | Dec 28, 2016 | ₩100.00 | 0.111% |
| 4 | Dec 29, 2015 | Dec 29, 2015 | Dec 29, 2015 | ₩100.00 | 0.0798% |
| 5 | Dec 29, 2014 | Dec 29, 2014 | Dec 29, 2014 | ₩200.00 | 0.163% |
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