Metalabs Co., Ltd. Stock Forecast
Green day on Friday for Metalabs Co., Ltd. stock after gaining 2.83%
(Updated on May 31, 2024)
The Metalabs Co., Ltd. stock price gained 2.83% on the last trading day (Friday, 31st May 2024), rising from ₩1,872.00 to ₩1,925.00. During the last trading day the stock fluctuated 2.99% from a day low at ₩1,872.00 to a day high of ₩1,928.00. The price has fallen in 5 of the last 10 days and is down by -0.52% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 thousand more shares were traded than the day before. In total, 13 thousand shares were bought and sold for approximately ₩25.35 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.46% during the next 3 months and, with a 90% probability hold a price between ₩1,586.25 and ₩1,861.12 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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090370.KS Signals & Forecast
The Metalabs Co., Ltd. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₩1,937.29. On a fall, the stock will find some support from the long-term average at approximately ₩1,897.60. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Wednesday, May 22, 2024, and so far it has fallen -5.17%. 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 Metalabs Co., Ltd. stock
Metalabs Co., Ltd. finds support from accumulated volume at ₩1,919.00 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 ₩56.00 between high and low, or 2.99%. For the last week, the stock has had daily average volatility of 2.82%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (090370.KS) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Metalabs Co., Ltd. to open at ₩1,908.33, and during the day (based on 14 day Average True Range), to move between ₩1,862.14 and ₩1,987.86, which gives a possible trading interval of +/-₩62.86 (+/-3.27%) up or down from last closing price. If Metalabs Co., Ltd. takes out the full calculated possible swing range there will be an estimated 6.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩1,919.00 (0.31%) than the resistance at ₩1,974.00 (2.55%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Metalabs Co., Ltd. stock A Buy?
Metalabs Co., Ltd. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.053 Sell Candidate Unchanged
Predicted Opening Price for Metalabs Co., Ltd. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| ₩1,908.33 ( 0.87%) | ₩1,925.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 090370.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,964.33 | 2.04 % | |
| R2 | 1,942.94 | 0.93 % | ||
| R1 | 1,929.73 | 0.245 % | ||
| Current price: | 1,925.00 | |||
| Support | S1 | 1,886.94 | -1.98 % | |
| S2 | 1,873.73 | -2.66 % | ||
| S3 | 1,852.33 | -3.77 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,030.00 | 5.45 % | |
| R2 | 1,980.00 | 2.86 % | ||
| R1 | 1,974.00 | 2.55 % | ||
| Current price | 1,925.00 | |||
| Support | S1 | 1,919.00 | -0.312% | |
| S2 | 1,880.00 | -2.34% | ||
| S3 | 1,808.00 | -6.08% |
090370 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2012 | Dec 27, 2012 | Dec 27, 2012 | ₩682.72 | 0.525% |
| 2 | Dec 28, 2011 | Dec 28, 2011 | Dec 28, 2011 | ₩910.30 | 0.580% |
| 3 | Dec 29, 2010 | Dec 29, 2010 | Dec 29, 2010 | ₩910.30 | 0.84% |
| 4 | Dec 29, 2009 | Dec 29, 2009 | Dec 29, 2009 | ₩1,820.60 | 2.03% |
| 5 | Dec 29, 2008 | Dec 29, 2008 | Dec 29, 2008 | ₩2,958.47 | 3.19% |
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