T'Way Air Co., Ltd. Stock Forecast
Red day on Friday for T'Way Air Co., Ltd.
(Updated on May 17, 2024)
The T'Way Air Co., Ltd. stock price fell by -2.37% on the last day (Friday, 17th May 2024) from ₩2,745.00 to ₩2,680.00. During the last trading day the stock fluctuated 3.76% from a day low at ₩2,660.00 to a day high of ₩2,760.00. The price has fallen in 6 of the last 10 days and is down by -0.92% for this period. Volume has increased on the last day by 754 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 ₩4.62 billion.
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 -2.10% during the next 3 months and, with a 90% probability hold a price between ₩2,501.74 and ₩2,865.91 at the end of this 3-month period.
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091810.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 T'Way Air 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 ₩2,787.14 and ₩2,737.43. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -8.69%. 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 T'Way Air Co., Ltd. stock
T'Way Air Co., Ltd. finds support from accumulated volume at ₩2,660.00 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 ₩100.00 between high and low, or 3.76%. For the last week, the stock has had daily average volatility of 3.34%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (091810.KS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect T'Way Air Co., Ltd. to open at ₩2,700.00, and during the day (based on 14 day Average True Range), to move between ₩2,582.17 and ₩2,777.83, which gives a possible trading interval of +/-₩97.83 (+/-3.65%) up or down from last closing price. If T'Way Air Co., Ltd. takes out the full calculated possible swing range there will be an estimated 7.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩2,660.00 (0.75%) than the resistance at ₩2,770.00 (3.36%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is T'Way Air Co., Ltd. stock A Buy?
T'Way Air Co., Ltd. holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.913 Sell Candidate Unchanged
Predicted Opening Price for T'Way Air Co., Ltd. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ₩2,700.00 ( 0.746%) | ₩2,680.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 091810.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,800.00 | 4.48 % | |
| R2 | 2,761.80 | 3.05 % | ||
| R1 | 2,738.20 | 2.17 % | ||
| Current price: | 2,680.00 | |||
| Support | S1 | 2,661.80 | -0.679 % | |
| S2 | 2,638.20 | -1.56 % | ||
| S3 | 2,600.00 | -2.99 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,915.00 | 8.77 % | |
| R2 | 2,885.00 | 7.65 % | ||
| R1 | 2,770.00 | 3.36 % | ||
| Current price | 2,680.00 | |||
| Support | S1 | 2,660.00 | -0.746% | |
| S2 | 2,610.00 | -2.61% | ||
| S3 | 2,605.00 | -2.80% |
FAQ
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