Advanced Nano Products Co., Ltd. Stock Forecast
Red day on Tuesday for Advanced Nano Products Co., Ltd. stock after losing 2.24%
(Updated on Jun 25, 2024)
The Advanced Nano Products Co., Ltd. stock price fell by -2.24% on the last day (Tuesday, 25th Jun 2024) from ₩120,600.00 to ₩117,900.00. During the last trading day the stock fluctuated 4.75% from a day low at ₩117,900.00 to a day high of ₩123,500.00. The price has fallen in 8 of the last 10 days and is down by -16.68% for this period. 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 -49 thousand shares and in total, 114 thousand shares were bought and sold for approximately ₩13.47 billion.
Given the current short-term trend, the stock is expected to rise 18.39% during the next 3 months and, with a 90% probability hold a price between ₩139,580.75 and ₩180,901.02 at the end of this 3-month period.
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121600.KQ Signals & Forecast
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. The Advanced Nano Products Co., Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ₩122,285.71 and ₩118,672.73. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 11, 2024, and so far it has fallen -16.68%. 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 ₩116,100.00 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 ₩5,600.00 between high and low, or 4.75%. For the last week, the stock has had daily average volatility of 4.03%.
Our recommended stop-loss: ₩112,444.60 (-4.63%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (121600.KQ) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Advanced Nano Products Co., Ltd. to open at ₩119,766.67, and during the day (based on 14 day Average True Range), to move between ₩111,153.19 and ₩124,646.81, which gives a possible trading interval of +/-₩6,746.81 (+/-5.72%) 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 11.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩116,100.00 (1.53%) than the resistance at ₩135,800.00 (15.18%), 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 negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.875 Hold/Accumulate Unchanged
Predicted Opening Price for Advanced Nano Products Co., Ltd. of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
₩119,766.67 ( 1.58%) | ₩117,900.00 |
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 | 125,366.67 | 6.33% |
R2 | 123,227.47 | 4.52% |
R1 | 121,905.87 | 3.40% |
Price | 117,900.00 | |
S1 | 117,627.47 | -0.231% |
S2 | 116,305.87 | -1.35% |
S3 | 114,166.67 | -3.17% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 141,500.00 | 20.02% |
R2 | 138,600.00 | 17.56% |
R1 | 135,800.00 | 15.18% |
Price | 117,900.00 | |
S1 | 116,100.00 | -1.53% |
S2 | 109,400.00 | -7.21% |
S3 | 105,700.00 | -10.35% |
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% |
FAQ
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