Tapex Co., Ltd. Stock Forecast
Tapex Co., Ltd. stock upgraded to Sell Candidate.
(Updated on Jun 25, 2024)
The Tapex Co., Ltd. stock price gained 2.92% on the last trading day (Tuesday, 25th Jun 2024), rising from ₩27,400.00 to ₩28,200.00. During the last trading day the stock fluctuated 7.35% from a day low at ₩27,200.00 to a day high of ₩29,200.00. The price has fallen in 6 of the last 10 days and is down by -14.16% for this period. Volume fell on the last day by -125 thousand shares and in total, 70 thousand shares were bought and sold for approximately ₩1.97 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 lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₩26,693.93 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 39.03% during the next 3 months and, with a 90% probability hold a price between ₩37,112.87 and ₩49,708.83 at the end of this 3-month period.
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055490.KS Signals & Forecast
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. The Tapex 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 ₩30,478.57 and ₩28,337.14. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 17, 2024, and so far it has fallen -18.85%. 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 Tapex Co., Ltd. stock
Tapex Co., Ltd. finds support from accumulated volume at ₩27,400.00 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 ₩2,000.00 between high and low, or 7.35%. For the last week, the stock has had daily average volatility of 7.18%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (055490.KS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Tapex Co., Ltd. to open at ₩28,200.00, and during the day (based on 14 day Average True Range), to move between ₩26,072.30 and ₩30,327.70, which gives a possible trading interval of +/-₩2,127.70 (+/-7.55%) up or down from last closing price. If Tapex Co., Ltd. takes out the full calculated possible swing range there will be an estimated 15.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩27,400.00 (2.84%) than the resistance at ₩31,600.00 (12.06%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Tapex Co., Ltd. stock A Buy?
The Tapex Co., Ltd. stock holds several negative signals and despite the positive trend, we believe Tapex Co., Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -2.883 Sell Candidate Upgraded
Predicted Opening Price for Tapex Co., Ltd. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ₩28,200.00 ( 0%) | ₩28,200.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 055490.KS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 30,200.00 | 7.09% |
| R2 | 29,436.00 | 4.38% |
| R1 | 28,964.00 | 2.71% |
| Price | 28,200.00 | |
| S1 | 27,436.00 | -2.71% |
| S2 | 26,964.00 | -4.38% |
| S3 | 26,200.00 | -7.09% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 34,750.00 | 23.23% |
| R2 | 34,050.00 | 20.74% |
| R1 | 31,600.00 | 12.06% |
| Price | 28,200.00 | |
| S1 | 27,400.00 | -2.84% |
| S2 | 26,500.00 | -6.03% |
| S3 | 26,400.00 | -6.38% |
055490 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 09, 2024 | ₩300.00 | 1.34% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩900.00 | 1.71% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩700.00 | 0.85% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩500.00 | 1.37% |
FAQ
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