CKD Bio Corp. Stock Forecast
Red day on Friday for CKD Bio Corp. stock after losing 0.415%
(Updated on May 17, 2024)
The CKD Bio Corp. stock price fell by -0.415% on the last day (Friday, 17th May 2024) from ₩24,100.00 to ₩24,000.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 3.18% from a day low at ₩23,600.00 to a day high of ₩24,350.00. The price has fallen in 6 of the last 10 days and is down by -1.44% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -4 thousand shares and in total, 9 thousand shares were bought and sold for approximately ₩208.15 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 2.86% during the next 3 months and, with a 90% probability hold a price between ₩24,074.94 and ₩26,617.73 at the end of this 3-month period.
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063160.KS Signals & Forecast
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 ₩24,164.29. On a fall, the stock will find some support from the long-term average at approximately ₩23,887.14. 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 3.90%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for CKD Bio Corp. stock
CKD Bio Corp. finds support from accumulated volume at ₩23,850.00 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 ₩750.00 between high and low, or 3.18%. For the last week the stock has had daily average volatility of 2.18%.
Our recommended stop-loss: ₩22,682.31 (-5.49%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (063160.KS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect CKD Bio Corp. to open at ₩23,983.33, and during the day (based on 14 day Average True Range), to move between ₩23,430.95 and ₩24,569.05, which gives a possible trading interval of +/-₩569.05 (+/-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 support from accumulated volume at ₩23,850.00 (0.63%) than the resistance at ₩24,400.00 (1.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is CKD Bio Corp. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for CKD Bio Corp. stock to perform well in the short-term.
Current score: 3.723 Buy Candidate Unchanged
Predicted Opening Price for CKD Bio Corp. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ₩23,983.33 ( 0.0694%) | ₩24,000.00 |
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 | 24,733.33 | 3.06 % | |
| R2 | 24,446.83 | 1.86 % | ||
| R1 | 24,269.83 | 1.12 % | ||
| Current price: | 24,000.00 | |||
| Support | S1 | 23,696.83 | -1.26 % | |
| S2 | 23,519.83 | -2.00 % | ||
| S3 | 23,233.33 | -3.19 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 25,200.00 | 5.00 % | |
| R2 | 24,600.00 | 2.50 % | ||
| R1 | 24,400.00 | 1.67 % | ||
| Current price | 24,000.00 | |||
| Support | S1 | 23,850.00 | -0.625% | |
| S2 | 23,750.00 | -1.04% | ||
| S3 | 23,600.00 | -1.67% |
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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