TES Co., Ltd Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
TES Co., Ltd stock price ended at ₩25,250.00 on Tuesday, after losing 3.44%.
(Updated on Jul 02, 2024)
The TES Co., Ltd stock price fell by -3.44% on the last day (Tuesday, 2nd Jul 2024) from ₩26,150.00 to ₩25,250.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 5.18% from a day low at ₩25,100.00 to a day high of ₩26,400.00. The price has fallen in 6 of the last 10 days but is still up by 6.99% over the past 2 weeks. Volume has increased on the last day by 93 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, 549 thousand shares were bought and sold for approximately ₩13.85 billion.
The stock lies in the middle of a very 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 -7.54% during the next 3 months and, with a 90% probability hold a price between ₩20,265.42 and ₩25,760.37 at the end of this 3-month period.
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095610.KQ Signals & Forecast
The TES 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 ₩25,178.57 and ₩23,651.43. 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 Thursday, June 27, 2024, and so far it has fallen -7.51%. 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. The stock had a Golden Star Signal on Tuesday, June 18, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Tuesday, June 18, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for TES Co., Ltd stock
TES Co., Ltd finds support from accumulated volume at ₩24,750.00 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 ₩1,300.00 between high and low, or 5.18%. For the last week, the stock has had daily average volatility of 8.32%.
Our recommended stop-loss: ₩24,022.85 (-4.86%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (095610.KQ) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect TES Co., Ltd to open at ₩25,583.33, and during the day (based on 14 day Average True Range), to move between ₩23,974.62 and ₩26,525.38, which gives a possible trading interval of +/-₩1,275.38 (+/-5.05%) up or down from last closing price. If TES Co., Ltd takes out the full calculated possible swing range there will be an estimated 10.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩24,750.00 (1.98%) than the resistance at ₩28,650.00 (13.47%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is TES Co., Ltd stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 2.489 Buy Candidate Unchanged
Predicted Opening Price for TES Co., Ltd of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| ₩25,583.33 ( 1.32%) | ₩25,250.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 095610.KQ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 26,883.33 | 6.47% |
| R2 | 26,386.73 | 4.50% |
| R1 | 26,079.93 | 3.29% |
| Price | 25,250.00 | |
| S1 | 25,086.73 | -0.647% |
| S2 | 24,779.93 | -1.86% |
| S3 | 24,283.33 | -3.83% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 29,550.00 | 17.03% |
| R2 | 29,300.00 | 16.04% |
| R1 | 28,650.00 | 13.47% |
| Price | 25,250.00 | |
| S1 | 24,750.00 | -1.98% |
| S2 | 24,100.00 | -4.55% |
| S3 | 23,550.00 | -6.73% |
095610 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Dec 27, 2023 | ₩500.00 | 2.47% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩500.00 | 3.01% |
| 3 | Dec 28, 2016 | Dec 28, 2016 | Dec 28, 2016 | ₩220.00 | 0.83% |
| 4 | Dec 29, 2015 | Dec 29, 2015 | Dec 29, 2015 | ₩210.00 | 2.20% |
| 5 | Dec 29, 2014 | Dec 29, 2014 | Dec 29, 2014 | ₩160.00 | 1.39% |
FAQ
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