ICD Co., Ltd. Stock Forecast
ICD Co., Ltd. stock price up more than 5.26% on Tuesday
(Updated on May 07, 2024)
The ICD Co., Ltd. stock price gained 5.26% on the last trading day (Tuesday, 7th May 2024), rising from ₩8,740.00 to ₩9,200.00. During the last trading day the stock fluctuated 4.65% from a day low at ₩8,810.00 to a day high of ₩9,220.00. The price has fallen in 6 of the last 10 days but is still up by 5.26% 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, 115 thousand more shares were traded than the day before. In total, 262 thousand shares were bought and sold for approximately ₩2.41 billion.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 14.94% during the next 3 months and, with a 90% probability hold a price between ₩9,715.28 and ₩13,663.70 at the end of this 3-month period.
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040910.KQ Signals & Forecast
The ICD 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 ₩8,818.57 and ₩8,790.57. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 10.98%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for ICD Co., Ltd. stock
ICD Co., Ltd. finds support from accumulated volume at ₩9,130.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₩410.00 between high and low, or 4.65%. For the last week, the stock has had daily average volatility of 4.01%.
Our recommended stop-loss: ₩8,828.32 (-4.04%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (040910.KQ) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect ICD Co., Ltd. to open at ₩9,076.67, and during the day (based on 14 day Average True Range), to move between ₩8,673.00 and ₩9,727.00, which gives a possible trading interval of +/-₩527.00 (+/-5.73%) up or down from last closing price. If ICD Co., Ltd. takes out the full calculated possible swing range there will be an estimated 11.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩9,130.00 (0.76%) than the resistance at ₩9,600.00 (4.35%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ICD Co., Ltd. stock A Buy?
ICD Co., Ltd. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.
Current score: 7.579 Strong Buy Candidate Upgraded
Predicted Opening Price for ICD Co., Ltd. of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| ₩9,076.67 ( 1.34%) | ₩9,200.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 040910.KQ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9,486.67 | 3.12 % | |
| R2 | 9,330.05 | 1.41 % | ||
| R1 | 9,233.29 | 0.362 % | ||
| Current price: | 9,200.00 | |||
| Support | S1 | 8,920.05 | -3.04 % | |
| S2 | 8,823.29 | -4.09 % | ||
| S3 | 8,666.67 | -5.80 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11,400.00 | 23.91 % | |
| R2 | 10,060.00 | 9.35 % | ||
| R1 | 9,600.00 | 4.35 % | ||
| Current price | 9,200.00 | |||
| Support | S1 | 9,130.00 | -0.761% | |
| S2 | 9,120.00 | -0.87% | ||
| S3 | 7,710.00 | -16.20% |
040910 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Dec 27, 2023 | ₩100.00 | 1.10% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩100.00 | 1.11% |
| 3 | Dec 28, 2016 | Dec 28, 2016 | Dec 28, 2016 | ₩100.00 | 0.578% |
| 4 | Sep 29, 2014 | Sep 29, 2014 | Sep 29, 2014 | ₩100.00 | 1.56% |
FAQ
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