Cosmax, Inc. Stock Forecast
Cosmax, Inc. stock price up 4.53% on Friday
(Updated on May 10, 2024)
The Cosmax, Inc. stock price gained 4.53% on the last trading day (Friday, 10th May 2024), rising from ₩143,400.00 to ₩149,900.00. During the last trading day the stock fluctuated 6.64% from a day low at ₩141,600.00 to a day high of ₩151,000.00. The price has risen in 7 of the last 10 days and is up by 14.78% 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, 59 thousand more shares were traded than the day before. In total, 222 thousand shares were bought and sold for approximately ₩33.23 billion.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at ₩153,764.92 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 31.42% during the next 3 months and, with a 90% probability hold a price between ₩162,775.23 and ₩202,082.48 at the end of this 3-month period.
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192820.KS Signals & Forecast
The Cosmax, Inc. 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 ₩141,257.14 and ₩129,228.57. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 48.71%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Cosmax, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at ₩130,000.00 and ₩129,000.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Cosmax, Inc. finds support just below today's level at ₩130,000.00. If this is broken, then the next support from accumulated volume will be at ₩129,000.00 and ₩128,700.00.
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 ₩9,400.00 between high and low, or 6.64%. For the last week, the stock has had daily average volatility of 3.80%.
Our recommended stop-loss: ₩144,563.56 (-3.56%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 37 days ago.)
Trading Expectations (192820.KS) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Cosmax, Inc. to open at ₩147,500.00, and during the day (based on 14 day Average True Range), to move between ₩143,915.07 and ₩155,884.93, which gives a possible trading interval of +/-₩5,984.93 (+/-3.99%) up or down from last closing price. If Cosmax, Inc. takes out the full calculated possible swing range there will be an estimated 7.99% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₩130,000.00, some ₩19,900.00 (13.28%) from the current price of ₩149,900.00, our system finds the risk reward attractive.
Earnings coming up
Cosmax, Inc. will release earnings BMO on Friday, May 10, 2024.The consensus among the analysts for the expected earnings (EPS) is $1,797.17. We will update the financials statements for Cosmax, Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.56% in the first trading day after earnings release.
Is Cosmax, Inc. stock A Buy?
Cosmax, Inc. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 7.773 Strong Buy Candidate Unchanged
Predicted Opening Price for Cosmax, Inc. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| ₩147,500.00 ( 1.60%) | ₩149,900.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 192820.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 156,900.00 | 4.67 % | |
| R2 | 153,309.20 | 2.27 % | ||
| R1 | 151,090.80 | 0.794 % | ||
| Current price: | 149,900.00 | |||
| Support | S1 | 143,909.20 | -4.00 % | |
| S2 | 141,690.80 | -5.48 % | ||
| S3 | 138,100.00 | -7.87 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 149,900.00 | |||
| Support | S1 | 130,000.00 | -13.28% | |
| S2 | 129,000.00 | -13.94% | ||
| S3 | 128,700.00 | -14.14% |
192820 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 01, 2024 | ₩500.00 | 0.385% |
| 2 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩550.00 | 0.619% |
| 3 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩884.31 | 1.12% |
| 4 | Dec 27, 2018 | Dec 27, 2018 | Dec 27, 2018 | ₩589.54 | 0.461% |
| 5 | Dec 27, 2017 | Dec 27, 2017 | Dec 27, 2017 | ₩294.77 | 0.253% |
FAQ
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