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 ₩13,840.00 on Monday, after losing 0%.
(Updated on Jun 17, 2024)
No changes to the price of BINEX Co., Ltd. stock on the last trading day (Monday, 17th Jun 2024). During the last trading day the stock fluctuated 3.57% from a day low at ₩13,720.00 to a day high of ₩14,210.00. The price has risen in 6 of the last 10 days and is up by 12.52% over the past 2 weeks.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.61% during the next 3 months and, with a 90% probability hold a price between ₩11,101.50 and ₩15,208.12 at the end of this 3-month period.
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053030.KQ Signals & Forecast
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. The BINEX Co., Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ₩14,571.43 and ₩14,368.29. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 07, 2024, and so far it has fallen -13.61%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for BINEX Co., Ltd. stock
BINEX Co., Ltd. finds support from accumulated volume at ₩13,600.00 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 ₩490.00 between high and low, or 3.57%. For the last week, the stock has had daily average volatility of 9.88%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (053030.KQ) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect BINEX Co., Ltd. to open at ₩13,923.33, and during the day (based on 14 day Average True Range), to move between ₩12,736.32 and ₩14,943.68, which gives a possible trading interval of +/-₩1,103.68 (+/-7.97%) up or down from last closing price. If BINEX Co., Ltd. takes out the full calculated possible swing range there will be an estimated 15.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩13,600.00 (1.73%) than the resistance at ₩15,530.00 (12.21%), 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 negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -4.563 Sell Candidate Unchanged
Predicted Opening Price for BINEX Co., Ltd. of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| ₩13,923.33 ( 0.602%) | ₩13,840.00 |
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 | 14,413.33 | 4.14% |
| R2 | 14,226.15 | 2.79% |
| R1 | 14,110.51 | 1.95% |
| Price | 13,840.00 | |
| S1 | 13,736.15 | -0.750% |
| S2 | 13,620.51 | -1.59% |
| S3 | 13,433.33 | -2.94% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 16,200.00 | 17.05% |
| R2 | 16,130.00 | 16.55% |
| R1 | 15,530.00 | 12.21% |
| Price | 13,840.00 | |
| S1 | 13,600.00 | -1.73% |
| S2 | 13,310.00 | -3.83% |
| S3 | 13,160.00 | -4.91% |
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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