BINEX Co., Ltd. Stock Forecast
BINEX Co., Ltd. stock price up 2.10% on Tuesday
(Updated on Jul 02, 2024)
The BINEX Co., Ltd. stock price gained 2.10% on the last trading day (Tuesday, 2nd Jul 2024), rising from ₩16,210.00 to ₩16,550.00. During the last trading day the stock fluctuated 8.77% from a day low at ₩15,630.00 to a day high of ₩17,000.00. The price has been going up and down for this period, and there has been a 10.33% gain 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, 2 million more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately ₩65.65 billion.
The stock lies in the upper part of a very wide and strong rising 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 ₩17,197.50 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 12.12% during the next 3 months and, with a 90% probability hold a price between ₩14,532.99 and ₩19,282.16 at the end of this 3-month period.
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053030.KQ Signals & Forecast
Mostly positive signals in the chart today. The BINEX Co., Ltd. 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 ₩15,425.71 and ₩14,687.43. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 12, 2024, and so far it has risen 25.76%. 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 BINEX Co., Ltd. stock
BINEX Co., Ltd. finds support from accumulated volume at ₩16,130.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₩1,370.00 between high and low, or 8.77%. For the last week, the stock has had daily average volatility of 7.56%.
Our recommended stop-loss: ₩15,885.62 (-4.01%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (053030.KQ) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect BINEX Co., Ltd. to open at ₩16,393.33, and during the day (based on 14 day Average True Range), to move between ₩15,419.52 and ₩17,680.48, which gives a possible trading interval of +/-₩1,130.48 (+/-6.83%) up or down from last closing price. If BINEX Co., Ltd. takes out the full calculated possible swing range there will be an estimated 13.66% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₩16,130.00, some ₩420.00 (2.54%) from the current price of ₩16,550.00, our system finds the risk reward attractive.
Is BINEX Co., Ltd. stock A Buy?
BINEX Co., Ltd. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 8.105 Strong Buy Candidate Unchanged
Predicted Opening Price for BINEX Co., Ltd. of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
₩16,393.33 ( 0.95%) | ₩16,550.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 053030.KQ
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 17,763.33 | 7.33% |
R2 | 17,239.99 | 4.17% |
R1 | 16,916.67 | 2.22% |
Price | 16,550.00 | |
S1 | 15,869.99 | -4.11% |
S2 | 15,546.67 | -6.06% |
S3 | 15,023.33 | -9.22% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0 | - |
R1 | 0 | - |
Price | 16,550.00 | |
S1 | 16,130.00 | -2.54% |
S2 | 16,060.00 | -2.96% |
S3 | 16,000.00 | -3.32% |
053030 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 29, 2008 | Dec 29, 2008 | Dec 29, 2008 | ₩100.00 | 3.78% |
2 | Dec 27, 2007 | Dec 27, 2007 | Dec 27, 2007 | ₩100.00 | 1.82% |
3 | Dec 28, 2005 | Dec 28, 2005 | Dec 28, 2005 | ₩100.00 | 1.20% |
FAQ
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