Wemade Co.,Ltd. Stock Forecast
Wemade Co.,Ltd. stock downgraded to Sell Candidate
(Updated on May 03, 2024)
The Wemade Co.,Ltd. stock price gained 1.80% on the last trading day (Friday, 3rd May 2024), rising from ₩47,150.00 to ₩48,000.00. During the last trading day the stock fluctuated 3.61% from a day low at ₩47,150.00 to a day high of ₩48,850.00. The price has risen in 6 of the last 10 days. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 103 thousand more shares were traded than the day before. In total, 318 thousand shares were bought and sold for approximately ₩15.25 billion.
The stock is at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at ₩45,896.65 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Wemade Co.,Ltd. stock with a 90% probability to be traded between ₩45,686.18 and ₩75,574.01 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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112040.KQ Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 4.46%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Wemade Co.,Ltd. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ₩55,990.00. On a fall, the stock will find some support from the short-term average at ₩47,128.57. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Wemade Co.,Ltd. stock
Wemade Co.,Ltd. finds support from accumulated volume at ₩47,500.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₩1,700.00 between high and low, or 3.61%. For the last week, the stock has had daily average volatility of 3.16%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (112040.KQ) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Wemade Co.,Ltd. to open at ₩48,000.00, and during the day (based on 14 day Average True Range), to move between ₩45,041.06 and ₩50,958.94, which gives a possible trading interval of +/-₩2,958.94 (+/-6.16%) up or down from last closing price. If Wemade Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 12.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩47,500.00 (1.04%) than the resistance at ₩55,000.00 (14.58%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Wemade Co.,Ltd. will release earnings BMO on Tuesday, May 07, 2024.The consensus among the analysts for the expected earnings (EPS) is -$779.03. We will update the financials statements for Wemade Co.,Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 11.13% in the first trading day after earnings release.
Is Wemade Co.,Ltd. stock A Buy?
Wemade Co.,Ltd. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.020 Sell Candidate Downgraded
Predicted Opening Price for Wemade Co.,Ltd. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| ₩48,000.00 ( 0%) | ₩48,000.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 112040.KQ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 49,700.00 | 3.54 % | |
| R2 | 49,050.60 | 2.19 % | ||
| R1 | 48,649.40 | 1.35 % | ||
| Current price: | 48,000.00 | |||
| Support | S1 | 47,350.60 | -1.35 % | |
| S2 | 46,949.40 | -2.19 % | ||
| S3 | 46,300.00 | -3.54 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 59,100.00 | 23.13 % | |
| R2 | 56,200.00 | 17.08 % | ||
| R1 | 55,000.00 | 14.58 % | ||
| Current price | 48,000.00 | |||
| Support | S1 | 47,500.00 | -1.04% | |
| S2 | 47,000.00 | -2.08% | ||
| S3 | 45,950.00 | -4.27% |
112040 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Dec 27, 2023 | ₩750.00 | 1.21% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩750.00 | 2.29% |
| 3 | Dec 28, 2016 | Dec 28, 2016 | Dec 28, 2016 | ₩600.00 | 5.31% |
| 4 | Dec 28, 2011 | Dec 28, 2011 | Dec 28, 2011 | ₩371.00 | 2.05% |
| 5 | Sep 29, 2011 | Sep 29, 2011 | Sep 29, 2011 | ₩620.00 | 4.28% |
FAQ
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