Techwing, Inc. Stock Forecast
High volatility in Techwing, Inc. stock price on Thursday which ended trading at ₩66,800.00
(Updated on Jul 04, 2024)
The Techwing, Inc. stock price fell by -0.743% on the last day (Thursday, 4th Jul 2024) from ₩67,300.00 to ₩66,800.00. During the last trading day the stock fluctuated 10.49% from a day low at ₩62,900.00 to a day high of ₩69,500.00. The price has risen in 6 of the last 10 days and is up by 28.71% over the past 2 weeks. Volume has increased on the last day by 14 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, 2 million shares were bought and sold for approximately ₩100.69 billion.
The stock lies in the upper part of a wide and strong rising 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 ₩68,185.69 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 57.16% during the next 3 months and, with a 90% probability hold a price between ₩87,851.45 and ₩107,160.09 at the end of this 3-month period.
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089030.KQ Signals & Forecast
The Techwing, Inc. 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 ₩61,414.29 and ₩49,343.10. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, July 03, 2024, and so far it has fallen -0.743%. Further fall is indicated until a new bottom pivot has been found. 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 Techwing, Inc. stock
Techwing, Inc. finds support from accumulated volume at ₩63,800.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved ₩6,600.00 between high and low, or 10.49%. For the last week, the stock has had daily average volatility of 10.32%.
The Techwing, Inc. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: ₩65,014.70 (-2.67%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 79 and this increases the risk substantially. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (089030.KQ) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Techwing, Inc. to open at ₩66,400.00, and during the day (based on 14 day Average True Range), to move between ₩62,345.93 and ₩71,254.07, which gives a possible trading interval of +/-₩4,454.07 (+/-6.67%) up or down from last closing price. If Techwing, Inc. takes out the full calculated possible swing range there will be an estimated 13.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩67,300.00 (0.75%) than the support at ₩63,800.00 (4.49%), 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 Techwing, Inc. stock A Buy?
Techwing, Inc. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Hold/Accumulate candidate.
Current score: 0.881 Hold/Accumulate Downgraded
Predicted Opening Price for Techwing, Inc. of Friday, July 5, 2024
Fair opening price July 5, 2024 | Current price |
---|---|
₩66,400.00 ( 0.599%) | ₩66,800.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 089030.KQ
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 73,000.00 | 9.28% |
R2 | 70,478.80 | 5.51% |
R1 | 68,921.20 | 3.18% |
Price | 66,800.00 | |
S1 | 63,878.80 | -4.37% |
S2 | 62,321.20 | -6.70% |
S3 | 59,800.00 | -10.48% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0 | - |
R1 | 67,300.00 | 0.749% |
Price | 66,800.00 | |
S1 | 63,800.00 | -4.49% |
S2 | 60,700.00 | -9.13% |
S3 | 57,700.00 | -13.62% |
089030 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 27, 2023 | Dec 27, 2023 | Apr 09, 2024 | ₩130.00 | 0.385% |
2 | Dec 28, 2022 | Dec 28, 2022 | Apr 10, 2023 | ₩130.00 | 1.77% |
3 | Dec 28, 2016 | Dec 28, 2016 | Dec 28, 2016 | ₩220.00 | 3.21% |
4 | Dec 29, 2015 | Dec 29, 2015 | Dec 29, 2015 | ₩220.00 | 4.89% |
5 | Dec 29, 2014 | Dec 29, 2014 | Dec 29, 2014 | ₩200.00 | 4.92% |
FAQ
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