Samyang Corporation Stock Forecast
Green day on Monday for Samyang Corporation
(Updated on May 20, 2024)
The Samyang Corporation stock price gained 0.670% on the last trading day (Monday, 20th May 2024), rising from ₩29,850.00 to ₩30,050.00. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.166% from a day low at ₩30,050.00 to a day high of ₩30,100.00. The price has risen in 6 of the last 10 days and is up by 2.04% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 534 more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately ₩52.35 million.
The stock has broken the weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at ₩29,929.47, a level that may pose a second chance to hit a runner. According to fan-theory ₩31,413.53 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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145995.KS Signals & Forecast
Mostly positive signals in the chart today. The Samyang Corporation 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 ₩29,500.00 and ₩28,748.57. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 8.09%. 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.
Support, Risk & Stop-loss for Samyang Corporation stock
Samyang Corporation finds support from accumulated volume at ₩28,800.00 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 ₩50.00 between high and low, or 0.166%. For the last week the stock has had daily average volatility of 0.95%.
Our recommended stop-loss: ₩29,016.28 (-3.44%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 35 days ago.)
Trading Expectations (145995.KS) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Samyang Corporation to open at ₩30,066.67, and during the day (based on 14 day Average True Range), to move between ₩29,726.21 and ₩30,373.79, which gives a possible trading interval of +/-₩323.79 (+/-1.08%) up or down from last closing price. If Samyang Corporation takes out the full calculated possible swing range there will be an estimated 2.16% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₩28,800.00, some ₩1,250.00 (4.16%) from the current price of ₩30,050.00, our system finds the risk reward attractive.
Is Samyang Corporation stock A Buy?
Several short-term signals, along with a general good trend, are positive and the stock has broken the rising trend up, which indicates an even stronger rate of rising. We can conclude that the current level may hold a buying opportunity as there is a fair chance for Samyang Corporation stock to perform well in the short-term period. Due to a possible false trend-break listing stock as pure buy candidate is held back.
Current score: 4.071 Buy Candidate Unchanged
Predicted Opening Price for Samyang Corporation of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| ₩30,066.67 ( 0.0555%) | ₩30,050.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 145995.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 30,116.67 | 0.222 % | |
| R2 | 30,097.57 | 0.158 % | ||
| R1 | 30,085.77 | 0.119 % | ||
| Current price: | 30,050.00 | |||
| Support | S1 | 30,047.57 | -0.0081 % | |
| S2 | 30,035.77 | -0.0474 % | ||
| S3 | 30,016.67 | -0.111 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 30,050.00 | |||
| Support | S1 | 28,800.00 | -4.16% | |
| S2 | 28,500.00 | -5.16% | ||
| S3 | 28,450.00 | -5.32% |
145995 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 05, 2024 | ₩1,300.00 | 4.61% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩1,300.00 | 4.36% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩1,300.00 | 3.21% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩1,300.00 | 2.86% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩1,050.00 | 2.85% |
FAQ
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