S&S Tech Corporation Stock Forecast
Red day on Monday for S&S Tech Corporation
(Updated on May 13, 2024)
The S&S Tech Corporation stock price fell by -1.18% on the last day (Monday, 13th May 2024) from ₩42,300.00 to ₩41,800.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 3.01% from a day low at ₩41,500.00 to a day high of ₩42,750.00. The price has been going up and down for this period, and there has been a -0.24% loss for the last 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 -116 thousand shares and in total, 101 thousand shares were bought and sold for approximately ₩4.23 billion.
The stock has broken the wide and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately ₩41,851.58 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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101490.KQ Signals & Forecast
There are mixed signals in the stock today. The S&S Tech Corporation 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 ₩43,278.57 and ₩44,255.71. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Monday, April 08, 2024, and so far it has risen 0.723%. 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).
Support, Risk & Stop-loss for S&S Tech Corporation stock
S&S Tech Corporation finds support from accumulated volume at ₩41,500.00 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 ₩1,250.00 between high and low, or 3.01%. For the last week, the stock has had daily average volatility of 3.52%.
Our recommended stop-loss: ₩39,245.57 (-6.11%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 22 days ago.)
Trading Expectations (101490.KQ) For The Upcoming Trading Day Of Tuesday 14th
For the upcoming trading day on Tuesday, 14th we expect S&S Tech Corporation to open at ₩42,016.67, and during the day (based on 14 day Average True Range), to move between ₩39,880.12 and ₩43,719.88, which gives a possible trading interval of +/-₩1,919.88 (+/-4.59%) up or down from last closing price. If S&S Tech Corporation takes out the full calculated possible swing range there will be an estimated 9.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩41,500.00 (0.72%) than the resistance at ₩44,650.00 (6.82%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is S&S Tech Corporation stock A Buy?
S&S Tech Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.969 Hold/Accumulate Unchanged
Predicted Opening Price for S&S Tech Corporation of Tuesday, May 14, 2024
| Fair opening price May 14, 2024 | Current price |
|---|---|
| ₩42,016.67 ( 0.518%) | ₩41,800.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 101490.KQ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 43,266.67 | 3.51 % | |
| R2 | 42,789.17 | 2.37 % | ||
| R1 | 42,494.17 | 1.66 % | ||
| Current price: | 41,800.00 | |||
| Support | S1 | 41,539.17 | -0.624 % | |
| S2 | 41,244.17 | -1.33 % | ||
| S3 | 40,766.67 | -2.47 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 47,000.00 | 12.44 % | |
| R2 | 45,750.00 | 9.45 % | ||
| R1 | 44,650.00 | 6.82 % | ||
| Current price | 41,800.00 | |||
| Support | S1 | 41,500.00 | -0.718% | |
| S2 | 40,050.00 | -4.19% | ||
| S3 | 40,000.00 | -4.31% |
101490 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Dec 27, 2023 | ₩150.00 | 0.339% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩150.00 | 0.587% |
| 3 | Dec 27, 2012 | Dec 27, 2012 | Dec 27, 2012 | ₩50.00 | 1.27% |
| 4 | Dec 28, 2011 | Dec 28, 2011 | Dec 28, 2011 | ₩50.00 | 1.48% |
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