Intekplus Co., Ltd. Stock Forecast
Strong day for Intekplus Co., Ltd. stock price on Friday rising 29.98% to ₩27,750.00
(Updated on Jun 28, 2024)
The Intekplus Co., Ltd. stock price gained 29.98% on the last trading day (Friday, 28th Jun 2024), rising from ₩21,350.00 to ₩27,750.00. During the last trading day the stock fluctuated 3.54% from a day low at ₩26,800.00 to a day high of ₩27,750.00. The price has fallen in 6 of the last 10 days but is still up by 19.35% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 471 thousand more shares were traded than the day before. In total, 544 thousand shares were bought and sold for approximately ₩15.10 billion.
Given the current short-term trend, the stock is expected to fall -10.68% during the next 3 months and, with a 90% probability hold a price between ₩18,734.51 and ₩24,787.46 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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064290.KQ Signals & Forecast
The Intekplus Co., Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ₩22,528.57 and ₩23,856.00. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has risen 30.59%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Intekplus Co., Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at ₩24,500.00 and ₩24,100.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Intekplus Co., Ltd. finds support just below today's level at ₩24,500.00. If this is broken, then the next support from accumulated volume will be at ₩24,100.00 and ₩21,700.00.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₩950.00 between high and low, or 3.54%. For the last week, the stock has had daily average volatility of 3.46%.
Our recommended stop-loss: ₩26,728.80 (-3.68%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (064290.KQ) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Intekplus Co., Ltd. to open at ₩27,433.33, and during the day (based on 14 day Average True Range), to move between ₩26,464.72 and ₩29,035.28, which gives a possible trading interval of +/-₩1,285.28 (+/-4.63%) up or down from last closing price. If Intekplus Co., Ltd. takes out the full calculated possible swing range there will be an estimated 9.26% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₩24,500.00, some ₩3,250.00 (11.71%) from the current price of ₩27,750.00, our system finds the risk reward attractive.
Is Intekplus Co., Ltd. stock A Buy?
Intekplus 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Intekplus Co., Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ₩27,433.33 ( 1.14%) | ₩27,750.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 064290.KQ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 28,383.33 | 2.28% |
| R2 | 28,020.43 | 0.97% |
| R1 | 27,796.23 | 0.167% |
| Price | 27,750.00 | |
| S1 | 27,070.43 | -2.45% |
| S2 | 26,846.23 | -3.26% |
| S3 | 26,483.33 | -4.56% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 27,750.00 | |
| S1 | 24,500.00 | -11.71% |
| S2 | 24,100.00 | -13.15% |
| S3 | 21,700.00 | -21.80% |
064290 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Dec 27, 2023 | ₩200.00 | 0.655% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Apr 16, 2021 | ₩200.00 | 0.731% |
| 3 | Dec 28, 2011 | Dec 28, 2011 | Dec 28, 2011 | ₩100.00 | 1.89% |
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