Classys Inc. Stock Forecast
Classys Inc. stock price ended at ₩54,600.00 on Friday, after gaining 2.63%.
(Updated on Jun 21, 2024)
The Classys Inc. stock price gained 2.63% on the last trading day (Friday, 21st Jun 2024), rising from ₩53,200.00 to ₩54,600.00. During the last trading day the stock fluctuated 4.80% from a day low at ₩52,100.00 to a day high of ₩54,600.00. The price has risen in 7 of the last 10 days and is up by 17.93% 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, 25 thousand more shares were traded than the day before. In total, 216 thousand shares were bought and sold for approximately ₩11.79 billion.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 13.03% during the next 3 months and, with a 90% probability hold a price between ₩56,195.49 and ₩63,692.19 at the end of this 3-month period.
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214150.KQ Signals & Forecast
The Classys 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 ₩53,200.00 and ₩50,172.50. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 2.63%. 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 Classys Inc. stock
Classys Inc. finds support from accumulated volume at ₩54,300.00 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 ₩2,500.00 between high and low, or 4.80%. For the last week the stock has had daily average volatility of 5.76%.
Our recommended stop-loss: ₩51,961.38 (-4.83%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (214150.KQ) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Classys Inc. to open at ₩53,766.67, and during the day (based on 14 day Average True Range), to move between ₩51,848.92 and ₩57,351.08, which gives a possible trading interval of +/-₩2,751.08 (+/-5.04%) up or down from last closing price. If Classys Inc. takes out the full calculated possible swing range there will be an estimated 10.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩54,300.00 (0.55%) than the resistance at ₩55,300.00 (1.28%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Classys Inc. stock A Buy?
Classys Inc. 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 Classys Inc. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| ₩53,766.67 ( 1.53%) | ₩54,600.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 214150.KQ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 56,266.67 | 3.05% |
| R2 | 55,311.67 | 1.30% |
| R1 | 54,721.67 | 0.223% |
| Price | 54,600.00 | |
| S1 | 52,811.67 | -3.28% |
| S2 | 52,221.67 | -4.36% |
| S3 | 51,266.67 | -6.11% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 55,300.00 | 1.28% |
| Price | 54,600.00 | |
| S1 | 54,300.00 | -0.549% |
| S2 | 53,800.00 | -1.47% |
| S3 | 47,650.00 | -12.73% |
214150 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Dec 27, 2023 | ₩116.00 | 0.309% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩116.00 | 0.612% |
FAQ
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