NeoPharm CO., LTD. Stock Forecast
Stronger technical forecast for NeoPharm CO., LTD. stock price after Friday trading.
(Updated on May 31, 2024)
The NeoPharm CO., LTD. stock price fell by -0.178% on the last day (Friday, 31st May 2024) from ₩28,050.00 to ₩28,000.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 3.23% from a day low at ₩27,900.00 to a day high of ₩28,800.00. The price has risen in 6 of the last 10 days and is up by 7.28% over the past 2 weeks. Volume has increased on the last day by 25 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, 78 thousand shares were bought and sold for approximately ₩2.19 billion.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at ₩28,549.71 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 11.72% during the next 3 months and, with a 90% probability hold a price between ₩26,920.57 and ₩31,894.84 at the end of this 3-month period.
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092730.KQ Signals & Forecast
The NeoPharm CO., LTD. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ₩28,000.00 and ₩25,608.57. A breakdown below any of these levels will issue sell signals. 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 Tuesday, May 28, 2024, and so far it has fallen -1.41%. 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 NeoPharm CO., LTD. stock
On the downside, the stock finds support just below today's level from accumulated volume at ₩25,800.00 and ₩25,150.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, NeoPharm CO., LTD. finds support just below today's level at ₩25,800.00. If this is broken, then the next support from accumulated volume will be at ₩25,150.00 and ₩24,950.00.
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 ₩900.00 between high and low, or 3.23%. For the last week, the stock has had daily average volatility of 3.29%.
Our recommended stop-loss: ₩27,153.93 (-3.02%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 30 days ago.)
Trading Expectations (092730.KQ) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect NeoPharm CO., LTD. to open at ₩28,233.33, and during the day (based on 14 day Average True Range), to move between ₩27,023.08 and ₩28,976.92, which gives a possible trading interval of +/-₩976.92 (+/-3.49%) up or down from last closing price. If NeoPharm CO., LTD. takes out the full calculated possible swing range there will be an estimated 6.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩28,050.00 (0.18%) than the support at ₩25,800.00 (7.86%), 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 NeoPharm CO., LTD. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for NeoPharm CO., LTD. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.740 Buy Candidate Upgraded
Predicted Opening Price for NeoPharm CO., LTD. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| ₩28,233.33 ( 0.83%) | ₩28,000.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 092730.KQ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 29,133.33 | 4.05 % | |
| R2 | 28,789.53 | 2.82 % | ||
| R1 | 28,577.13 | 2.06 % | ||
| Current price: | 28,000.00 | |||
| Support | S1 | 27,889.53 | -0.395 % | |
| S2 | 27,677.13 | -1.15 % | ||
| S3 | 27,333.33 | -2.38 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28,400.00 | 1.43 % | |
| R2 | 28,250.00 | 0.89 % | ||
| R1 | 28,050.00 | 0.179 % | ||
| Current price | 28,000.00 | |||
| Support | S1 | 25,800.00 | -7.86% | |
| S2 | 25,150.00 | -10.18% | ||
| S3 | 24,950.00 | -10.89% |
092730 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Dec 27, 2023 | ₩700.00 | 2.70% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩700.00 | 3.73% |
| 3 | Dec 28, 2016 | Dec 28, 2016 | Dec 28, 2016 | ₩350.00 | 1.38% |
| 4 | Dec 29, 2015 | Dec 29, 2015 | Dec 29, 2015 | ₩250.00 | 0.730% |
| 5 | Dec 29, 2014 | Dec 29, 2014 | Dec 29, 2014 | ₩250.00 | 1.77% |
FAQ
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