Winix Inc. Stock Forecast
Green day on Friday for Winix Inc.
(Updated on Jun 14, 2024)
The Winix Inc. stock price gained 0.780% on the last trading day (Friday, 14th Jun 2024), rising from ₩8,970.00 to ₩9,040.00. During the last trading day the stock fluctuated 1.80% from a day low at ₩8,900.00 to a day high of ₩9,060.00. The price has risen in 7 of the last 10 days and is up by 8.39% 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, 901 more shares were traded than the day before. In total, 21 thousand shares were bought and sold for approximately ₩193.16 million.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at ₩9,054.64 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -4.84% during the next 3 months and, with a 90% probability hold a price between ₩7,819.84 and ₩8,616.12 at the end of this 3-month period. 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 buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ₩8,865.71 and ₩8,904.57. A breakdown below any of these levels will issue sell signals. 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 Wednesday, June 12, 2024, and so far it has fallen -0.331%. 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 ₩8,800.00 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 ₩160.00 between high and low, or 1.80%. For the last week, the stock has had daily average volatility of 2.81%.
Our recommended stop-loss: ₩8,673.62 (-4.05%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (044340.KQ) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Winix Inc. to open at ₩9,000.00, and during the day (based on 14 day Average True Range), to move between ₩8,834.68 and ₩9,245.32, which gives a possible trading interval of +/-₩205.32 (+/-2.27%) up or down from last closing price. If Winix Inc. takes out the full calculated possible swing range there will be an estimated 4.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩9,050.00 (0.11%) than the support at ₩8,800.00 (2.65%), 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.
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: -0.664 Hold/Accumulate Unchanged
Predicted Opening Price for Winix Inc. of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| ₩9,000.00 ( 0.442%) | ₩9,040.00 |
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 | |
|---|---|---|
| R3 | 9,160.00 | 1.33% |
| R2 | 9,098.88 | 0.651% |
| R1 | 9,061.12 | 0.234% |
| Price | 9,040.00 | |
| S1 | 8,938.88 | -1.12% |
| S2 | 8,901.12 | -1.54% |
| S3 | 8,840.00 | -2.21% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9,300.00 | 2.88% |
| R2 | 9,200.00 | 1.77% |
| R1 | 9,050.00 | 0.111% |
| Price | 9,040.00 | |
| S1 | 8,800.00 | -2.65% |
| S2 | 8,770.00 | -2.99% |
| S3 | 8,310.00 | -8.08% |
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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