Okins Electronics Co., Ltd. Stock Forecast
Big movements in Okins Electronics Co., Ltd. stock price on Friday moving 21.63% between high and low
(Updated on Jun 28, 2024)
The Okins Electronics Co., Ltd. stock price gained 21.43% on the last trading day (Friday, 28th Jun 2024), rising from ₩6,020.00 to ₩7,310.00. During the last trading day the stock fluctuated 21.63% from a day low at ₩6,010.00 to a day high of ₩7,310.00. The price has fallen in 7 of the last 10 days but is still up by 3.69% 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, 740 thousand more shares were traded than the day before. In total, 798 thousand shares were bought and sold for approximately ₩5.84 billion.
Given the current short-term trend, the stock is expected to fall -7.75% during the next 3 months and, with a 90% probability hold a price between ₩5,529.64 and ₩6,743.24 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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080580.KQ Signals & Forecast
The Okins Electronics 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 ₩6,422.86 and ₩6,835.20. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 21.43%. 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 Okins Electronics Co., Ltd. stock
Okins Electronics Co., Ltd. finds support from accumulated volume at ₩7,120.00 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 ₩1,300.00 between high and low, or 21.63%. For the last week, the stock has had daily average volatility of 7.94%.
Our recommended stop-loss: ₩7,020.52 (-3.96%) (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 (080580.KQ) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Okins Electronics Co., Ltd. to open at ₩6,876.67, and during the day (based on 14 day Average True Range), to move between ₩6,940.23 and ₩7,679.77, which gives a possible trading interval of +/-₩369.77 (+/-5.06%) up or down from last closing price. If Okins Electronics Co., Ltd. takes out the full calculated possible swing range there will be an estimated 10.12% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₩7,120.00, some ₩190.00 (2.60%) from the current price of ₩7,310.00, our system finds the risk reward attractive.
Is Okins Electronics Co., Ltd. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.781 Buy Candidate Upgraded
Predicted Opening Price for Okins Electronics Co., Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ₩6,876.67 ( 5.93%) | ₩7,310.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 080580.KQ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 8,176.67 | 11.86% |
| R2 | 7,680.07 | 5.06% |
| R1 | 7,373.27 | 0.87% |
| Price | 7,310.00 | |
| S1 | 6,380.07 | -12.72% |
| S2 | 6,073.27 | -16.92% |
| S3 | 5,576.67 | -23.71% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 7,310.00 | |
| S1 | 7,120.00 | -2.60% |
| S2 | 6,980.00 | -4.51% |
| S3 | 6,220.00 | -14.91% |
080580 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 29, 2014 | Dec 29, 2014 | Dec 29, 2014 | ₩70.00 | 1.10% |
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