Saeron Automotive Corporation Stock Forecast
Stronger technical forecast for Saeron Automotive Corporation stock price after Friday trading.
(Updated on May 31, 2024)
The Saeron Automotive Corporation stock price gained 1.87% on the last trading day (Friday, 31st May 2024), rising from ₩3,750.00 to ₩3,820.00. During the last trading day the stock fluctuated 1.87% from a day low at ₩3,750.00 to a day high of ₩3,820.00. The price has risen in 5 of the last 10 days but is still down by -1.55% for this period. Volume fell on the last day by -4 thousand shares and in total, 731 shares were bought and sold for approximately ₩2.79 million. 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 the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at ₩3,852.67 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -3.61% during the next 3 months and, with a 90% probability hold a price between ₩3,482.45 and ₩3,713.61 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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075180.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 Saeron Automotive Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₩3,833.57 and ₩3,834.71. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 18, 2024, and so far it has fallen -2.55%. 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 Saeron Automotive Corporation stock
Saeron Automotive Corporation finds support from accumulated volume at ₩3,775.00 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 ₩70.00 between high and low, or 1.87%. For the last week the stock has had daily average volatility of 1.62%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (075180.KS) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Saeron Automotive Corporation to open at ₩3,796.67, and during the day (based on 14 day Average True Range), to move between ₩3,736.42 and ₩3,903.58, which gives a possible trading interval of +/-₩83.58 (+/-2.19%) up or down from last closing price. If Saeron Automotive Corporation takes out the full calculated possible swing range there will be an estimated 4.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩3,860.00 (1.05%) than the support at ₩3,775.00 (1.18%), 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 Saeron Automotive Corporation stock A Buy?
Saeron Automotive Corporation holds several negative signals and is within a 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -2.571 Sell Candidate Upgraded
Predicted Opening Price for Saeron Automotive Corporation of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| ₩3,796.67 ( 0.611%) | ₩3,820.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 075180.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,866.67 | 1.22 % | |
| R2 | 3,839.93 | 0.522 % | ||
| R1 | 3,823.41 | 0.0892 % | ||
| Current price: | 3,820.00 | |||
| Support | S1 | 3,769.93 | -1.31 % | |
| S2 | 3,753.41 | -1.74 % | ||
| S3 | 3,726.67 | -2.44 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,940.00 | 3.14 % | |
| R2 | 3,925.00 | 2.75 % | ||
| R1 | 3,860.00 | 1.05 % | ||
| Current price | 3,820.00 | |||
| Support | S1 | 3,775.00 | -1.18% | |
| S2 | 3,750.00 | -1.83% | ||
| S3 | 3,685.00 | -3.53% |
075180 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 08, 2024 | ₩140.00 | 3.73% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩140.00 | 2.77% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩140.00 | 2.57% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩150.00 | 2.44% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩140.00 | 2.99% |
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