Em-tech.co., Ltd. Stock Forecast
Em-tech.co., Ltd. stock price fell more than -6.76% Friday closing at ₩32,400.00
(Updated on Jun 21, 2024)
The Em-tech.co., Ltd. stock price fell by -6.76% on the last day (Friday, 21st Jun 2024) from ₩34,750.00 to ₩32,400.00. During the last trading day the stock fluctuated 8.09% from a day low at ₩32,150.00 to a day high of ₩34,750.00. The price has fallen in 6 of the last 10 days but is still up by 6.58% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -251 thousand shares and in total, 622 thousand shares were bought and sold for approximately ₩20.16 billion.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₩30,996.77 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 9.99% during the next 3 months and, with a 90% probability hold a price between ₩34,094.38 and ₩41,923.42 at the end of this 3-month period.
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091120.KQ Signals & Forecast
The Em-tech.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 ₩33,528.57. On a fall, the stock will find some support from the long-term average at approximately ₩31,960.00. 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. 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, June 19, 2024, and so far it has fallen -14.17%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
A buy signal from a double bottom formation was found on Friday, June 07, 2024 with a target of ₩31,260.00. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for Em-tech.co., Ltd. stock
Em-tech.co., Ltd. finds support from accumulated volume at ₩31,050.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved ₩2,600.00 between high and low, or 8.09%. For the last week the stock has had daily average volatility of 10.06%.
Our recommended stop-loss: ₩30,468.96 (-5.96%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (091120.KQ) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Em-tech.co., Ltd. to open at ₩33,100.00, and during the day (based on 14 day Average True Range), to move between ₩30,093.46 and ₩34,706.54, which gives a possible trading interval of +/-₩2,306.54 (+/-7.12%) up or down from last closing price. If Em-tech.co., Ltd. takes out the full calculated possible swing range there will be an estimated 14.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩33,600.00 (3.70%) than the support at ₩31,050.00 (4.17%), 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 Em-tech.co., Ltd. stock A Buy?
Em-tech.co., Ltd. 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.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Em-tech.co., Ltd. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| ₩33,100.00 ( 2.16%) | ₩32,400.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 091120.KQ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 35,700.00 | 10.19% |
| R2 | 34,706.80 | 7.12% |
| R1 | 34,093.20 | 5.23% |
| Price | 32,400.00 | |
| S1 | 32,106.80 | -0.90% |
| S2 | 31,493.20 | -2.80% |
| S3 | 30,500.00 | -5.86% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 37,750.00 | 16.51% |
| R2 | 34,750.00 | 7.25% |
| R1 | 33,600.00 | 3.70% |
| Price | 32,400.00 | |
| S1 | 31,050.00 | -4.17% |
| S2 | 30,450.00 | -6.02% |
| S3 | 30,400.00 | -6.17% |
091120 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 16, 2024 | ₩150.00 | 0.479% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Apr 18, 2022 | ₩150.00 | 0.369% |
| 3 | Dec 28, 2016 | Dec 28, 2016 | Apr 16, 2018 | ₩200.00 | 1.06% |
| 4 | Dec 27, 2007 | Dec 27, 2007 | Dec 27, 2007 | ₩125.00 | 7.15% |
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