MegaStudyEdu Co. Ltd Stock Forecast
MegaStudyEdu Co. Ltd stock price up more than 5.41% on Friday
(Updated on May 31, 2024)
The MegaStudyEdu Co. Ltd stock price gained 5.41% on the last trading day (Friday, 31st May 2024), rising from ₩57,300.00 to ₩60,400.00. During the last trading day the stock fluctuated 7.08% from a day low at ₩56,500.00 to a day high of ₩60,500.00. The price has been going up and down for this period, and there has been a 2.03% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 60 thousand more shares were traded than the day before. In total, 89 thousand shares were bought and sold for approximately ₩5.39 billion.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect MegaStudyEdu Co. Ltd stock with a 90% probability to be traded between ₩51,305.98 and ₩61,707.79 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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215200.KQ Signals & Forecast
Mostly positive signals in the chart today. The MegaStudyEdu Co. Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ₩58,071.43 and ₩58,814.29. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 10, 2024, and so far it has risen 8.05%. 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 MegaStudyEdu Co. Ltd stock
MegaStudyEdu Co. Ltd finds support from accumulated volume at ₩58,200.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 ₩4,000.00 between high and low, or 7.08%. For the last week, the stock has had daily average volatility of 3.10%.
Our recommended stop-loss: ₩57,540.67 (-4.73%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 26 days ago.)
Trading Expectations (215200.KQ) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect MegaStudyEdu Co. Ltd to open at ₩59,133.33, and during the day (based on 14 day Average True Range), to move between ₩58,499.81 and ₩62,300.19, which gives a possible trading interval of +/-₩1,900.19 (+/-3.15%) up or down from last closing price. If MegaStudyEdu Co. Ltd takes out the full calculated possible swing range there will be an estimated 6.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩60,600.00 (0.33%) than the support at ₩58,200.00 (3.64%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is MegaStudyEdu Co. Ltd stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for MegaStudyEdu Co. Ltd stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.327 Buy Candidate Upgraded
Predicted Opening Price for MegaStudyEdu Co. Ltd of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| ₩59,133.33 ( 2.10%) | ₩60,400.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 215200.KQ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 63,133.33 | 4.53 % | |
| R2 | 61,605.33 | 2.00 % | ||
| R1 | 60,661.33 | 0.433 % | ||
| Current price: | 60,400.00 | |||
| Support | S1 | 57,605.33 | -4.63 % | |
| S2 | 56,661.33 | -6.19 % | ||
| S3 | 55,133.33 | -8.72 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 63,300.00 | 4.80 % | |
| R2 | 61,600.00 | 1.99 % | ||
| R1 | 60,600.00 | 0.331 % | ||
| Current price | 60,400.00 | |||
| Support | S1 | 58,200.00 | -3.64% | |
| S2 | 56,400.00 | -6.62% | ||
| S3 | 53,600.00 | -11.26% |
215200 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Dec 27, 2023 | ₩2,100.00 | 3.44% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩2,100.00 | 2.60% |
| 3 | Dec 28, 2016 | Dec 28, 2016 | Dec 28, 2016 | ₩1,000.00 | 11.04% |
| 4 | Dec 29, 2015 | Dec 29, 2015 | Dec 29, 2015 | ₩1,200.00 | 9.92% |
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