CKD Bio Corp. Stock Forecast
Stronger technical forecast for CKD Bio Corp. stock price after Wednesday trading.
(Updated on May 08, 2024)
The CKD Bio Corp. stock price gained 0.83% on the last trading day (Wednesday, 8th May 2024), rising from ₩24,000.00 to ₩24,200.00. During the last trading day the stock fluctuated 1.46% from a day low at ₩23,900.00 to a day high of ₩24,250.00. The price has been going up and down for this period, and there has been a 3.2% 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, 3 thousand more shares were traded than the day before. In total, 11 thousand shares were bought and sold for approximately ₩257.37 million.
The stock lies in the middle of a 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 4.48% during the next 3 months and, with a 90% probability hold a price between ₩24,523.14 and ₩27,182.85 at the end of this 3-month period.
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063160.KS Signals & Forecast
Mostly positive signals in the chart today. The CKD Bio Corp. 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 ₩24,207.14. On a fall, the stock will find some support from the long-term average at approximately ₩24,014.29. 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. A buy signal was issued from a pivot bottom point on Monday, April 08, 2024, and so far it has risen 4.76%. 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 CKD Bio Corp. stock
CKD Bio Corp. finds support from accumulated volume at ₩24,000.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved ₩350.00 between high and low, or 1.46%. For the last week the stock has had daily average volatility of 1.92%.
Our recommended stop-loss: ₩22,819.45 (-5.70%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 19 days ago.)
Trading Expectations (063160.KS) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect CKD Bio Corp. to open at ₩24,116.67, and during the day (based on 14 day Average True Range), to move between ₩23,627.02 and ₩24,772.98, which gives a possible trading interval of +/-₩572.98 (+/-2.37%) up or down from last closing price. If CKD Bio Corp. takes out the full calculated possible swing range there will be an estimated 4.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩24,350.00 (0.62%) than the support at ₩24,000.00 (0.83%), 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 CKD Bio Corp. stock A Buy?
CKD Bio Corp. holds several positive signals and is within a weak 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Buy candidate.
Current score: 6.788 Strong Buy Candidate Upgraded
Predicted Opening Price for CKD Bio Corp. of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| ₩24,116.67 ( 0.344%) | ₩24,200.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 063160.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 24,466.67 | 1.10 % | |
| R2 | 24,332.97 | 0.549 % | ||
| R1 | 24,250.37 | 0.208 % | ||
| Current price: | 24,200.00 | |||
| Support | S1 | 23,982.97 | -0.90 % | |
| S2 | 23,900.37 | -1.24 % | ||
| S3 | 23,766.67 | -1.79 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 25,200.00 | 4.13 % | |
| R2 | 24,600.00 | 1.65 % | ||
| R1 | 24,350.00 | 0.620 % | ||
| Current price | 24,200.00 | |||
| Support | S1 | 24,000.00 | -0.83% | |
| S2 | 23,850.00 | -1.45% | ||
| S3 | 23,600.00 | -2.48% |
063160 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩100.00 | 0.242% |
| 2 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩200.00 | 0.250% |
| 3 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩190.48 | 0.655% |
| 4 | Dec 27, 2018 | Dec 27, 2018 | Dec 27, 2018 | ₩190.48 | 0.98% |
| 5 | Dec 27, 2017 | Dec 27, 2017 | Dec 27, 2017 | ₩380.95 | 1.91% |
FAQ
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