Winix Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Winix Inc. stock upgraded to Buy Candidate.
(Updated on Jun 24, 2024)
The Winix Inc. stock price gained 3.31% on the last trading day (Monday, 24th Jun 2024), rising from ₩9,060.00 to ₩9,360.00. During the last trading day the stock fluctuated 7.54% from a day low at ₩9,020.00 to a day high of ₩9,700.00. The price has risen in 7 of the last 10 days and is up by 6.36% 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, 336 thousand more shares were traded than the day before. In total, 359 thousand shares were bought and sold for approximately ₩3.36 billion.
Given the current short-term trend, the stock is expected to fall -2.79% during the next 3 months and, with a 90% probability hold a price between ₩7,999.62 and ₩9,098.69 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
044340.KQ Signals & Forecast
Mostly positive signals in the chart today. The Winix Inc. 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 ₩9,121.43 and ₩8,938.29. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, May 28, 2024, and so far it has risen 12.64%. Further rise is indicated until a new top pivot has been found. 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.
Support, Risk & Stop-loss for Winix Inc. stock
Winix Inc. finds support from accumulated volume at ₩9,300.00 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 ₩680.00 between high and low, or 7.54%. For the last week, the stock has had daily average volatility of 3.49%.
The Winix Inc. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: ₩8,992.74 (-3.92%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 78 and this increases the risk substantially. There is a buy signal from a pivot bottom found 26 days ago.)
Trading Expectations (044340.KQ) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Winix Inc. to open at ₩9,360.00, and during the day (based on 14 day Average True Range), to move between ₩9,114.51 and ₩9,605.49, which gives a possible trading interval of +/-₩245.49 (+/-2.62%) up or down from last closing price. If Winix Inc. takes out the full calculated possible swing range there will be an estimated 5.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩9,370.00 (0.11%) than the support at ₩9,300.00 (0.64%), 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?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 3.474 Buy Candidate Upgraded
Predicted Opening Price for Winix Inc. of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| ₩9,360.00 ( 0%) | ₩9,360.00 |
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 | 10,040.00 | 7.26% |
| R2 | 9,780.24 | 4.49% |
| R1 | 9,619.76 | 2.78% |
| Price | 9,360.00 | |
| S1 | 9,100.24 | -2.78% |
| S2 | 8,939.76 | -4.49% |
| S3 | 8,680.00 | -7.26% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 9,370.00 | 0.107% |
| Price | 9,360.00 | |
| S1 | 9,300.00 | -0.641% |
| S2 | 9,050.00 | -3.31% |
| S3 | 8,310.00 | -11.22% |
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
Click here for our free guide on how to buy Winix Inc. Stock.
