Tonymoly Co., Ltd Stock Forecast
Evaluation of Tonymoly Co., Ltd stock downgraded after the last trading session.
(Updated on May 03, 2024)
The Tonymoly Co., Ltd stock price gained 1.50% on the last trading day (Friday, 3rd May 2024), rising from ₩8,670.00 to ₩8,800.00. It has now gained 3 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 9.56% from a day low at ₩8,370.00 to a day high of ₩9,170.00. The price has been going up and down for this period, and there has been a 10.97% gain for the last 2 weeks. Volume fell on the last day by -956 thousand shares and in total, 887 thousand shares were bought and sold for approximately ₩7.81 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock has broken the wide and strong 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 ₩8,065.83, a level that may pose a second chance to hit a runner. According to fan-theory ₩9,327.52 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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214420.KS Signals & Forecast
The Tonymoly Co., Ltd 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 ₩8,135.71 and ₩6,961.43. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 62.96%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
A buy signal from a double bottom formation was found on Thursday, March 14, 2024 with a target of ₩6,067.27. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for Tonymoly Co., Ltd stock
Tonymoly Co., Ltd finds support from accumulated volume at ₩8,670.00 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 ₩800.00 between high and low, or 9.56%. For the last week, the stock has had daily average volatility of 9.19%.
Our recommended stop-loss: ₩8,534.24 (-3.02%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 34 days ago.)
Trading Expectations (214420.KS) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Tonymoly Co., Ltd to open at ₩8,780.00, and during the day (based on 14 day Average True Range), to move between ₩8,228.15 and ₩9,371.85, which gives a possible trading interval of +/-₩571.85 (+/-6.50%) up or down from last closing price. If Tonymoly Co., Ltd takes out the full calculated possible swing range there will be an estimated 13.00% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₩8,670.00, some ₩130.00 (1.48%) from the current price of ₩8,800.00, our system finds the risk reward attractive.
Is Tonymoly Co., Ltd stock A Buy?
Tonymoly 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
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 Tonymoly Co., Ltd of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| ₩8,780.00 ( 0.227%) | ₩8,800.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 214420.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9,580.00 | 8.86 % | |
| R2 | 9,274.40 | 5.39 % | ||
| R1 | 9,085.60 | 3.25 % | ||
| Current price: | 8,800.00 | |||
| Support | S1 | 8,474.40 | -3.70 % | |
| S2 | 8,285.60 | -5.85 % | ||
| S3 | 7,980.00 | -9.32 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 8,800.00 | |||
| Support | S1 | 8,670.00 | -1.48% | |
| S2 | 8,600.00 | -2.27% | ||
| S3 | 7,220.00 | -17.95% |
214420 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2018 | Dec 27, 2018 | Dec 27, 2018 | ₩92.50 | 0.82% |
| 2 | Dec 27, 2017 | Dec 27, 2017 | Dec 27, 2017 | ₩46.25 | 0.264% |
| 3 | Dec 28, 2016 | Dec 28, 2016 | Dec 28, 2016 | ₩212.75 | 0.94% |
| 4 | Dec 29, 2015 | Dec 29, 2015 | Dec 29, 2015 | ₩185.00 | 0.730% |
FAQ
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