Interflex Co., Ltd. Stock Forecast
Interflex Co., Ltd. stock upgraded from Sell Candidate to Buy Candidate after Friday trading session.
(Updated on Jun 14, 2024)
The Interflex Co., Ltd. stock price gained 4.05% on the last trading day (Friday, 14th Jun 2024), rising from ₩14,800.00 to ₩15,400.00. During the last trading day the stock fluctuated 7.88% from a day low at ₩14,340.00 to a day high of ₩15,470.00. The price has been going up and down for this period, and there has been a -3.75% 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, 177 thousand more shares were traded than the day before. In total, 376 thousand shares were bought and sold for approximately ₩5.79 billion.
The stock lies in the middle of a 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 16.74% during the next 3 months and, with a 90% probability hold a price between ₩17,304.05 and ₩19,922.78 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 ₩15,447.14. On a fall, the stock will find some support from the long-term average at approximately ₩15,244.29. 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. 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 Tuesday, June 04, 2024, and so far it has fallen -8.22%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
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 ₩1,130.00 between high and low, or 7.88%. For the last week, the stock has had daily average volatility of 5.06%.
Our recommended stop-loss: ₩14,479.08 (-5.98%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 35 days ago.)
Trading Expectations (051370.KQ) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Interflex Co., Ltd. to open at ₩15,070.00, and during the day (based on 14 day Average True Range), to move between ₩14,706.16 and ₩16,093.84, which gives a possible trading interval of +/-₩693.84 (+/-4.51%) up or down from last closing price. If Interflex Co., Ltd. takes out the full calculated possible swing range there will be an estimated 9.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩15,620.00 (1.43%) than the support at ₩15,140.00 (1.69%), 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 Interflex Co., Ltd. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Interflex Co., Ltd. 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: 1.870 Buy Candidate Upgraded
Predicted Opening Price for Interflex Co., Ltd. of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| ₩15,070.00 ( 2.14%) | ₩15,400.00 |
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 | |
|---|---|---|
| R3 | 16,200.00 | 5.19% |
| R2 | 15,768.34 | 2.39% |
| R1 | 15,501.66 | 0.660% |
| Price | 15,400.00 | |
| S1 | 14,638.34 | -4.95% |
| S2 | 14,371.66 | -6.68% |
| S3 | 13,940.00 | -9.48% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 16,780.00 | 8.96% |
| R2 | 15,850.00 | 2.92% |
| R1 | 15,620.00 | 1.43% |
| Price | 15,400.00 | |
| S1 | 15,140.00 | -1.69% |
| S2 | 14,490.00 | -5.91% |
| S3 | 13,540.00 | -12.08% |
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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