Interflex Co., Ltd. Stock Forecast
Weaker technical forecast for Interflex Co., Ltd. as stock downgraded to Sell Candidate.
(Updated on May 24, 2024)
The Interflex Co., Ltd. stock price fell by -0.779% on the last day (Friday, 24th May 2024) from ₩15,410.00 to ₩15,290.00. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 5.51% from a day low at ₩15,060.00 to a day high of ₩15,890.00. The price has fallen in 6 of the last 10 days but is still up by 6.77% over the past 2 weeks. Volume has increased on the last day by 144 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 391 thousand shares were bought and sold for approximately ₩5.98 billion.
The stock lies in the middle of a wide and weak 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 8.76% during the next 3 months and, with a 90% probability hold a price between ₩15,371.66 and ₩17,600.05 at the end of this 3-month period.
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051370.KQ Signals & Forecast
The Interflex Co., Ltd. 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 ₩15,661.43. On a fall, the stock will find some support from the long-term average at approximately ₩14,627.71. 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). 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 -4.74%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Interflex Co., Ltd. stock
Interflex Co., Ltd. finds support from accumulated volume at ₩15,140.00 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 ₩830.00 between high and low, or 5.51%. For the last week, the stock has had daily average volatility of 3.90%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (051370.KQ) For The Upcoming Trading Day Of Monday 27th
For the upcoming trading day on Monday, 27th we expect Interflex Co., Ltd. to open at ₩15,413.33, and during the day (based on 14 day Average True Range), to move between ₩14,651.36 and ₩15,928.64, which gives a possible trading interval of +/-₩638.64 (+/-4.18%) up or down from last closing price. If Interflex Co., Ltd. takes out the full calculated possible swing range there will be an estimated 8.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩15,140.00 (0.98%) than the resistance at ₩15,620.00 (2.16%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Interflex Co., Ltd. stock A Buy?
Interflex Co., Ltd. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.157 Sell Candidate Downgraded
Predicted Opening Price for Interflex Co., Ltd. of Monday, May 27, 2024
| Fair opening price May 27, 2024 | Current price |
|---|---|
| ₩15,413.33 ( 0.81%) | ₩15,290.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 051370.KQ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16,243.33 | 6.24 % | |
| R2 | 15,926.27 | 4.16 % | ||
| R1 | 15,730.39 | 2.88 % | ||
| Current price: | 15,290.00 | |||
| Support | S1 | 15,096.27 | -1.27 % | |
| S2 | 14,900.39 | -2.55 % | ||
| S3 | 14,583.33 | -4.62 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16,400.00 | 7.26 % | |
| R2 | 16,050.00 | 4.97 % | ||
| R1 | 15,620.00 | 2.16 % | ||
| Current price | 15,290.00 | |||
| Support | S1 | 15,140.00 | -0.98% | |
| S2 | 14,490.00 | -5.23% | ||
| S3 | 14,280.00 | -6.61% |
051370 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 28, 2011 | Dec 28, 2011 | Dec 28, 2011 | ₩150.00 | 0.423% |
| 2 | Dec 29, 2010 | Dec 29, 2010 | Dec 29, 2010 | ₩150.00 | 0.451% |
| 3 | Dec 29, 2009 | Dec 29, 2009 | Dec 29, 2009 | ₩150.00 | 1.85% |
| 4 | Dec 28, 2005 | Dec 28, 2005 | Dec 28, 2005 | ₩100.00 | 0.733% |
| 5 | Dec 29, 2004 | Dec 29, 2004 | Dec 29, 2004 | ₩150.00 | 0.90% |
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