STX Engine Co.,Ltd. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
STX Engine Co.,Ltd. stock price up 1.17% on Thursday
(Updated on May 16, 2024)
The STX Engine Co.,Ltd. stock price gained 1.17% on the last trading day (Thursday, 16th May 2024), rising from ₩14,500.00 to ₩14,670.00. It has now gained 7 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 4.22% from a day low at ₩14,220.00 to a day high of ₩14,820.00. The price has risen in 7 of the last 10 days and is up by 5.77% 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, 6 thousand more shares were traded than the day before. In total, 89 thousand shares were bought and sold for approximately ₩1.30 billion.
The stock lies in the middle of a wide and strong 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 10.19% during the next 3 months and, with a 90% probability hold a price between ₩14,742.48 and ₩16,720.52 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
077970.KS Signals & Forecast
The STX Engine Co.,Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ₩14,115.71 and ₩13,496.00. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 03, 2024, and so far it has risen 11.05%. 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 STX Engine Co.,Ltd. stock
STX Engine Co.,Ltd. finds support from accumulated volume at ₩14,490.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 ₩600.00 between high and low, or 4.22%. For the last week, the stock has had daily average volatility of 4.15%.
Since the STX Engine Co.,Ltd. has been rising for 7 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: ₩14,094.94 (-3.92%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (077970.KS) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect STX Engine Co.,Ltd. to open at ₩14,570.00, and during the day (based on 14 day Average True Range), to move between ₩14,080.74 and ₩15,259.26, which gives a possible trading interval of +/-₩589.26 (+/-4.02%) up or down from last closing price. If STX Engine Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 8.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩14,490.00 (1.23%) than the resistance at ₩14,860.00 (1.30%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is STX Engine Co.,Ltd. stock A Buy?
STX Engine Co.,Ltd. holds several positive signals and is within a strong 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.
Current score: 6.391 Strong Buy Candidate Unchanged
Predicted Opening Price for STX Engine Co.,Ltd. of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| ₩14,570.00 ( 0.682%) | ₩14,670.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 077970.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15,170.00 | 3.41 % | |
| R2 | 14,940.80 | 1.85 % | ||
| R1 | 14,799.20 | 0.88 % | ||
| Current price: | 14,670.00 | |||
| Support | S1 | 14,340.80 | -2.24 % | |
| S2 | 14,199.20 | -3.21 % | ||
| S3 | 13,970.00 | -4.77 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 14,860.00 | 1.30 % | ||
| Current price | 14,670.00 | |||
| Support | S1 | 14,490.00 | -1.23% | |
| S2 | 14,390.00 | -1.91% | ||
| S3 | 14,280.00 | -2.66% |
077970 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 28, 2011 | Dec 28, 2011 | Dec 28, 2011 | ₩2,000.00 | 1.85% |
| 2 | Dec 29, 2010 | Dec 29, 2010 | Dec 29, 2010 | ₩2,000.00 | 0.727% |
| 3 | Dec 29, 2009 | Dec 29, 2009 | Dec 29, 2009 | ₩2,000.00 | 1.32% |
| 4 | Dec 29, 2008 | Dec 29, 2008 | Dec 29, 2008 | ₩2,400.00 | 1.94% |
| 5 | Dec 27, 2007 | Dec 27, 2007 | Dec 27, 2007 | ₩3,000.00 | 0.573% |
FAQ
Click here for our free guide on how to buy STX Engine Co.,Ltd. Stock.
