Kodex Semicon Stock Forecast
Weaker technical forecast for Kodex Semicon as stock downgraded to Strong Sell Candidate.
(Updated on May 17, 2024)
The Kodex Semicon stock price fell by -1.31% on the last day (Friday, 17th May 2024) from ₩41,900.00 to ₩41,350.00. During the last trading day the stock fluctuated 1.57% from a day low at ₩41,350.00 to a day high of ₩42,000.00. The price has risen in 6 of the last 10 days and is up by 1.85% 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 -195 thousand shares and in total, 249 thousand shares were bought and sold for approximately ₩10.30 billion.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₩40,788.77 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 12.81% during the next 3 months and, with a 90% probability hold a price between ₩46,015.70 and ₩51,908.02 at the end of this 3-month period.
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091160.KS 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 Kodex Semicon stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₩41,387.14 and ₩41,609.29. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 04, 2024, and so far it has fallen -5.20%. 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 Kodex Semicon stock
Kodex Semicon finds support from accumulated volume at ₩40,860.00 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 ₩650.00 between high and low, or 1.57%. For the last week the stock has had daily average volatility of 1.65%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (091160.KS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Kodex Semicon to open at ₩41,566.67, and during the day (based on 14 day Average True Range), to move between ₩40,360.26 and ₩42,339.74, which gives a possible trading interval of +/-₩989.74 (+/-2.39%) up or down from last closing price. If Kodex Semicon takes out the full calculated possible swing range there will be an estimated 4.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩41,815.00 (1.12%) than the support at ₩40,860.00 (1.19%), 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 Kodex Semicon stock A Buy?
The Kodex Semicon stock holds several negative signals and despite the positive trend, we believe Kodex Semicon 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 Strong Sell candidate.
Current score: -5.647 Strong Sell Candidate Downgraded
Predicted Opening Price for Kodex Semicon of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ₩41,566.67 ( 0.524%) | ₩41,350.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 091160.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 42,216.67 | 2.10 % | |
| R2 | 41,968.37 | 1.50 % | ||
| R1 | 41,814.97 | 1.12 % | ||
| Current price: | 41,350.00 | |||
| Support | S1 | 41,318.37 | -0.0765 % | |
| S2 | 41,164.97 | -0.447 % | ||
| S3 | 40,916.67 | -1.05 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 42,465.00 | 2.70 % | |
| R2 | 42,400.00 | 2.54 % | ||
| R1 | 41,815.00 | 1.12 % | ||
| Current price | 41,350.00 | |||
| Support | S1 | 40,860.00 | -1.19% | |
| S2 | 38,685.00 | -6.44% | ||
| S3 | 36,995.00 | -10.53% |
091160 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | May 03, 2024 | ₩65.00 | 0.161% |
| 2 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | ₩210.00 | 0.762% |
| 3 | Apr 28, 2022 | Apr 28, 2022 | Apr 28, 2022 | ₩280.00 | 0.799% |
| 4 | Apr 27, 2017 | Apr 27, 2017 | Apr 27, 2017 | ₩100.00 | 0.455% |
| 5 | Apr 28, 2016 | Apr 28, 2016 | Apr 28, 2016 | ₩175.00 | 1.05% |
FAQ
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