Eugene Technology Co.,ltd. Stock Forecast
Eugene Technology Co.,ltd. stock downgraded to Sell Candidate
(Updated on Jun 25, 2024)
The Eugene Technology Co.,ltd. stock price fell by -3.02% on the last day (Tuesday, 25th Jun 2024) from ₩52,900.00 to ₩51,300.00. During the last trading day the stock fluctuated 2.96% from a day low at ₩50,600.00 to a day high of ₩52,100.00. The price has been going up and down for this period, and there has been a 2.6% gain for the last 2 weeks. Volume has increased on the last day by 44 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 147 thousand shares were bought and sold for approximately ₩7.54 billion.
The stock lies in the middle of a very 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 13.10% during the next 3 months and, with a 90% probability hold a price between ₩52,731.65 and ₩69,576.40 at the end of this 3-month period.
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084370.KQ Signals & Forecast
There are few to no technical positive signals at the moment. The Eugene Technology Co.,ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ₩52,771.43 and ₩51,557.14. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -10.94%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Eugene Technology Co.,ltd. stock
Eugene Technology Co.,ltd. finds support from accumulated volume at ₩49,950.00 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 ₩1,500.00 between high and low, or 2.96%. For the last week, the stock has had daily average volatility of 4.39%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (084370.KQ) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Eugene Technology Co.,ltd. to open at ₩51,333.33, and during the day (based on 14 day Average True Range), to move between ₩48,535.58 and ₩54,064.42, which gives a possible trading interval of +/-₩2,764.42 (+/-5.39%) up or down from last closing price. If Eugene Technology Co.,ltd. takes out the full calculated possible swing range there will be an estimated 10.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩49,950.00 (2.63%) than the resistance at ₩52,900.00 (3.12%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Eugene Technology Co.,ltd. stock A Buy?
The Eugene Technology Co.,ltd. stock holds several negative signals and despite the positive trend, we believe Eugene Technology Co.,ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -4.782 Sell Candidate Downgraded
Predicted Opening Price for Eugene Technology Co.,ltd. of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
₩51,333.33 ( 0.0650%) | ₩51,300.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 084370.KQ
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 52,833.33 | 2.99% |
R2 | 52,260.33 | 1.87% |
R1 | 51,906.33 | 1.18% |
Price | 51,300.00 | |
S1 | 50,760.33 | -1.05% |
S2 | 50,406.33 | -1.74% |
S3 | 49,833.33 | -2.86% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 56,500.00 | 10.14% |
R2 | 53,000.00 | 3.31% |
R1 | 52,900.00 | 3.12% |
Price | 51,300.00 | |
S1 | 49,950.00 | -2.63% |
S2 | 46,500.00 | -9.36% |
S3 | 42,450.00 | -17.25% |
084370 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 27, 2023 | Dec 27, 2023 | Dec 27, 2023 | ₩270.00 | 0.666% |
2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩270.00 | 1.17% |
3 | Dec 28, 2016 | Dec 28, 2016 | Dec 28, 2016 | ₩230.00 | 1.31% |
4 | Dec 29, 2015 | Dec 29, 2015 | Dec 29, 2015 | ₩200.00 | 1.60% |
5 | Dec 29, 2014 | Dec 29, 2014 | Dec 29, 2014 | ₩150.00 | 0.94% |
FAQ
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