Advanced Nano Products Co., Ltd. Stock Forecast
Red day on Thursday for Advanced Nano Products Co., Ltd. stock after losing 1.21%
(Updated on Jun 20, 2024)
The Advanced Nano Products Co., Ltd. stock price fell by -1.21% on the last day (Thursday, 20th Jun 2024) from ₩123,900.00 to ₩122,400.00. During the last trading day the stock fluctuated 3.84% from a day low at ₩122,300.00 to a day high of ₩127,000.00. The price has fallen in 6 of the last 10 days but is still up by 3.47% over the past 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 -76 thousand shares and in total, 125 thousand shares were bought and sold for approximately ₩15.26 billion.
The stock has broken the wide and strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at ₩127,126.32. A reaction back to this level may hold a second chance to get out before further falls.
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121600.KQ Signals & Forecast
The Advanced Nano Products Co., Ltd. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₩128,357.14. On a fall, the stock will find some support from the long-term average at approximately ₩118,552.63. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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, June 11, 2024, and so far it has fallen -13.50%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Advanced Nano Products Co., Ltd. stock
Advanced Nano Products Co., Ltd. finds support from accumulated volume at ₩118,300.00 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 ₩4,700.00 between high and low, or 3.84%. For the last week the stock has had daily average volatility of 5.10%.
Our recommended stop-loss: ₩116,219.02 (-5.05%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (121600.KQ) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Advanced Nano Products Co., Ltd. to open at ₩123,900.00, and during the day (based on 14 day Average True Range), to move between ₩115,236.30 and ₩129,563.70, which gives a possible trading interval of +/-₩7,163.70 (+/-5.85%) up or down from last closing price. If Advanced Nano Products Co., Ltd. takes out the full calculated possible swing range there will be an estimated 11.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩118,300.00 (3.35%) than the resistance at ₩135,800.00 (10.95%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Advanced Nano Products Co., Ltd. stock A Buy?
Advanced Nano Products Co., Ltd. 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: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Advanced Nano Products Co., Ltd. of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| ₩123,900.00 ( 1.23%) | ₩122,400.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 121600.KQ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 128,600.00 | 5.07% |
| R2 | 126,804.60 | 3.60% |
| R1 | 125,695.40 | 2.69% |
| Price | 122,400.00 | |
| S1 | 122,104.60 | -0.241% |
| S2 | 120,995.40 | -1.15% |
| S3 | 119,200.00 | -2.61% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 141,500.00 | 15.60% |
| R2 | 138,600.00 | 13.24% |
| R1 | 135,800.00 | 10.95% |
| Price | 122,400.00 | |
| S1 | 118,300.00 | -3.35% |
| S2 | 116,100.00 | -5.15% |
| S3 | 105,700.00 | -13.64% |
121600 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Dec 27, 2023 | ₩250.00 | 0.204% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩250.00 | 0.316% |
| 3 | Dec 28, 2016 | Dec 28, 2016 | Dec 28, 2016 | ₩100.00 | 0.658% |
| 4 | Dec 29, 2015 | Dec 29, 2015 | Dec 29, 2015 | ₩150.00 | 0.628% |
| 5 | Dec 29, 2014 | Dec 29, 2014 | Dec 29, 2014 | ₩150.00 | 1.50% |
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