Winix Inc. Stock Forecast
Green day on Wednesday for Winix Inc.
(Updated on May 22, 2024)
The Winix Inc. stock price gained 0.220% on the last trading day (Wednesday, 22nd May 2024), rising from ₩9,100.00 to ₩9,120.00. During the last trading day the stock fluctuated 0.88% from a day low at ₩9,060.00 to a day high of ₩9,140.00. The price has been going up and down for this period, and there has been a -0.76% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 thousand more shares were traded than the day before. In total, 14 thousand shares were bought and sold for approximately ₩129.07 million.
The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at ₩9,209.55 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Winix Inc. stock with a 90% probability to be traded between ₩8,458.18 and ₩9,060.51 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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044340.KQ Signals & Forecast
The Winix Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₩9,145.71. On a fall, the stock will find some support from the long-term average at approximately ₩9,046.29. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -1.08%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Winix Inc. stock
Winix Inc. finds support from accumulated volume at ₩9,100.00 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 ₩80.00 between high and low, or 0.88%. For the last week the stock has had daily average volatility of 1.37%.
Our recommended stop-loss: ₩8,758.23 (-3.97%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 24 days ago.)
Trading Expectations (044340.KQ) For The Upcoming Trading Day Of Thursday 23rd
For the upcoming trading day on Thursday, 23rd we expect Winix Inc. to open at ₩9,106.67, and during the day (based on 14 day Average True Range), to move between ₩8,970.72 and ₩9,269.28, which gives a possible trading interval of +/-₩149.28 (+/-1.64%) up or down from last closing price. If Winix Inc. takes out the full calculated possible swing range there will be an estimated 3.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩9,100.00 (0.22%) than the resistance at ₩9,170.00 (0.55%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Winix Inc. stock A Buy?
Winix Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.854 Hold/Accumulate Unchanged
Predicted Opening Price for Winix Inc. of Thursday, May 23, 2024
| Fair opening price May 23, 2024 | Current price |
|---|---|
| ₩9,106.67 ( 0.146%) | ₩9,120.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 044340.KQ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9,186.67 | 0.731 % | |
| R2 | 9,156.11 | 0.396 % | ||
| R1 | 9,137.23 | 0.189 % | ||
| Current price: | 9,120.00 | |||
| Support | S1 | 9,076.11 | -0.481 % | |
| S2 | 9,057.23 | -0.688 % | ||
| S3 | 9,026.67 | -1.02 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9,300.00 | 1.97 % | |
| R2 | 9,200.00 | 0.88 % | ||
| R1 | 9,170.00 | 0.548 % | ||
| Current price | 9,120.00 | |||
| Support | S1 | 9,100.00 | -0.219% | |
| S2 | 9,050.00 | -0.768% | ||
| S3 | 9,000.00 | -1.32% |
044340 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Dec 27, 2023 | ₩200.00 | 1.92% |
| 2 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | ₩200.00 | 1.64% |
| 3 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩200.00 | 1.75% |
| 4 | Dec 27, 2017 | Dec 27, 2017 | Dec 27, 2017 | ₩200.00 | 1.59% |
| 5 | Dec 28, 2016 | Dec 28, 2016 | Dec 28, 2016 | ₩50.00 | 0.610% |
FAQ
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