Em-tech.co., Ltd. Stock Forecast
Weaker technical forecast for Em-tech.co., Ltd. as stock downgraded to Sell Candidate.
(Updated on Jun 27, 2024)
The Em-tech.co., Ltd. stock price fell by -3.76% on the last day (Thursday, 27th Jun 2024) from ₩30,550.00 to ₩29,400.00. During the last trading day the stock fluctuated 7.82% from a day low at ₩28,150.00 to a day high of ₩30,350.00. The price has fallen in 8 of the last 10 days and is down by -14.66% for this period. 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 -214 thousand shares and in total, 536 thousand shares were bought and sold for approximately ₩15.75 billion.
Given the current short-term trend, the stock is expected to rise 2.66% during the next 3 months and, with a 90% probability hold a price between ₩30,183.43 and ₩39,020.14 at the end of this 3-month period.
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091120.KQ Signals & Forecast
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. The Em-tech.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 ₩32,250.00 and ₩31,668.75. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 19, 2024, and so far it has fallen -22.12%. 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.
Support, Risk & Stop-loss for Em-tech.co., Ltd. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 ₩2,200.00 between high and low, or 7.82%. For the last week, the stock has had daily average volatility of 6.79%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (091120.KQ) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Em-tech.co., Ltd. to open at ₩29,300.00, and during the day (based on 14 day Average True Range), to move between ₩27,171.30 and ₩31,628.70, which gives a possible trading interval of +/-₩2,228.70 (+/-7.58%) 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 15.16% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ ₩30,550.00, some ₩1,150.00 (3.91%) from the current price of ₩29,400.00, our system finds the risk reward not very attractive.
Is Em-tech.co., Ltd. stock A Buy?
The Em-tech.co., Ltd. stock holds several negative signals and despite the positive trend, we believe Em-tech.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: -2.875 Sell Candidate Downgraded
Predicted Opening Price for Em-tech.co., Ltd. of Friday, June 28, 2024
Fair opening price June 28, 2024 | Current price |
---|---|
₩29,300.00 ( 0.340%) | ₩29,400.00 |
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 | 31,500.00 | 7.14% |
R2 | 30,659.60 | 4.28% |
R1 | 30,140.40 | 2.52% |
Price | 29,400.00 | |
S1 | 28,459.60 | -3.20% |
S2 | 27,940.40 | -4.96% |
S3 | 27,100.00 | -7.82% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 34,750.00 | 18.20% |
R2 | 33,600.00 | 14.29% |
R1 | 30,550.00 | 3.91% |
Price | 29,400.00 | |
S1 | 0 | - |
S2 | 0 | - |
S3 | 0 | - |
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% |
FAQ
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