AJ Networks Co.,Ltd. Stock Forecast
Green day on Friday for AJ Networks Co.,Ltd. stock after gaining 0.104%
(Updated on May 03, 2024)
The AJ Networks Co.,Ltd. stock price gained 0.104% on the last trading day (Friday, 3rd May 2024), rising from ₩4,820.00 to ₩4,825.00. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.41% from a day low at ₩4,780.00 to a day high of ₩4,895.00. The price has risen in 6 of the last 10 days and is up by 2.77% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 42 thousand more shares were traded than the day before. In total, 115 thousand shares were bought and sold for approximately ₩553.17 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect AJ Networks Co.,Ltd. stock with a 90% probability to be traded between ₩4,700.99 and ₩5,134.03 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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095570.KS Signals & Forecast
Mostly positive signals in the chart today. The AJ Networks Co.,Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ₩4,787.14 and ₩4,814.00. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 2.88%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for AJ Networks Co.,Ltd. stock
AJ Networks Co.,Ltd. finds support from accumulated volume at ₩4,715.00 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 ₩115.00 between high and low, or 2.41%. For the last week the stock has had daily average volatility of 2.32%.
Our recommended stop-loss: ₩4,562.43 (-5.44%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (095570.KS) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect AJ Networks Co.,Ltd. to open at ₩4,833.33, and during the day (based on 14 day Average True Range), to move between ₩4,687.48 and ₩4,962.52, which gives a possible trading interval of +/-₩137.52 (+/-2.85%) up or down from last closing price. If AJ Networks Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 5.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩4,895.00 (1.45%) than the support at ₩4,715.00 (2.28%), 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 AJ Networks Co.,Ltd. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for AJ Networks Co.,Ltd. stock to perform well in the short-term period.
Current score: 2.690 Buy Candidate Unchanged
Predicted Opening Price for AJ Networks Co.,Ltd. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| ₩4,833.33 ( 0.173%) | ₩4,825.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 095570.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,948.33 | 2.56 % | |
| R2 | 4,904.40 | 1.65 % | ||
| R1 | 4,877.26 | 1.08 % | ||
| Current price: | 4,825.00 | |||
| Support | S1 | 4,789.40 | -0.738 % | |
| S2 | 4,762.26 | -1.30 % | ||
| S3 | 4,718.33 | -2.21 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,930.00 | 2.18 % | |
| R2 | 4,925.00 | 2.07 % | ||
| R1 | 4,895.00 | 1.45 % | ||
| Current price | 4,825.00 | |||
| Support | S1 | 4,715.00 | -2.28% | |
| S2 | 4,510.00 | -6.53% | ||
| S3 | 4,420.00 | -8.39% |
095570 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 22, 2024 | ₩270.00 | 5.72% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩270.00 | 4.71% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩270.00 | 4.95% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩210.00 | 4.51% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩300.00 | 6.13% |
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