BINEX Co., Ltd. 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
BINEX Co., Ltd. stock price ended at ₩15,150.00 on Tuesday, after gaining 0.265%.
(Updated on Jun 25, 2024)
The BINEX Co., Ltd. stock price gained 0.265% on the last trading day (Tuesday, 25th Jun 2024), rising from ₩15,110.00 to ₩15,150.00. During the last trading day the stock fluctuated 4.11% from a day low at ₩15,100.00 to a day high of ₩15,720.00. The price has fallen in 5 of the last 10 days and is down by -3.81% for this period. Volume fell on the last day by -208 thousand shares and in total, 663 thousand shares were bought and sold for approximately ₩10.04 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very 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 5.21% during the next 3 months and, with a 90% probability hold a price between ₩13,177.84 and ₩17,902.14 at the end of this 3-month period.
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053030.KQ Signals & Forecast
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 ₩15,070.00 and ₩14,604.29. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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, June 20, 2024, and so far it has fallen -5.67%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for BINEX Co., Ltd. stock
BINEX Co., Ltd. finds support from accumulated volume at ₩15,000.00 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 ₩620.00 between high and low, or 4.11%. For the last week, the stock has had daily average volatility of 7.32%.
Our recommended stop-loss: ₩14,455.13 (-4.59%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (053030.KQ) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect BINEX Co., Ltd. to open at ₩15,323.33, and during the day (based on 14 day Average True Range), to move between ₩14,021.05 and ₩16,278.95, which gives a possible trading interval of +/-₩1,128.95 (+/-7.45%) up or down from last closing price. If BINEX Co., Ltd. takes out the full calculated possible swing range there will be an estimated 14.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩15,000.00 (0.99%) than the resistance at ₩15,530.00 (2.51%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is BINEX Co., Ltd. stock A Buy?
BINEX Co., Ltd. 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: 0.819 Hold/Accumulate Unchanged
Predicted Opening Price for BINEX Co., Ltd. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ₩15,323.33 ( 1.14%) | ₩15,150.00 |
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 | 15,943.33 | 5.24% |
| R2 | 15,706.49 | 3.67% |
| R1 | 15,560.17 | 2.71% |
| Price | 15,150.00 | |
| S1 | 15,086.49 | -0.419% |
| S2 | 14,940.17 | -1.38% |
| S3 | 14,703.33 | -2.95% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 16,200.00 | 6.93% |
| R2 | 16,130.00 | 6.47% |
| R1 | 15,530.00 | 2.51% |
| Price | 15,150.00 | |
| S1 | 15,000.00 | -0.99% |
| S2 | 13,600.00 | -10.23% |
| S3 | 13,160.00 | -13.14% |
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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