OliX Pharmaceuticals,Inc Stock Forecast
OliX Pharmaceuticals,Inc stock price down 2.11% on Thursday
(Updated on May 02, 2024)
The OliX Pharmaceuticals,Inc stock price fell by -2.11% on the last day (Thursday, 2nd May 2024) from ₩15,670.00 to ₩15,340.00. During the last trading day the stock fluctuated 2.48% from a day low at ₩15,300.00 to a day high of ₩15,680.00. The price has risen in 6 of the last 10 days and is up by 10.04% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -3 thousand shares and in total, 34 thousand shares were bought and sold for approximately ₩521.30 million.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect OliX Pharmaceuticals,Inc stock with a 90% probability to be traded between ₩14,114.50 and ₩18,342.81 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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226950.KQ Signals & Forecast
There are mixed signals in the stock today. The OliX Pharmaceuticals,Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₩15,515.71 and ₩15,588.57. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 10.04%. 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).
Support, Risk & Stop-loss for OliX Pharmaceuticals,Inc stock
OliX Pharmaceuticals,Inc finds support from accumulated volume at ₩15,220.00 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 ₩380.00 between high and low, or 2.48%. For the last week, the stock has had daily average volatility of 4.42%.
Our recommended stop-loss: ₩14,750.94 (-3.84%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (226950.KQ) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect OliX Pharmaceuticals,Inc to open at ₩15,440.00, and during the day (based on 14 day Average True Range), to move between ₩14,561.27 and ₩16,118.73, which gives a possible trading interval of +/-₩778.73 (+/-5.08%) up or down from last closing price. If OliX Pharmaceuticals,Inc takes out the full calculated possible swing range there will be an estimated 10.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩15,220.00 (0.78%) than the resistance at ₩16,650.00 (8.54%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is OliX Pharmaceuticals,Inc stock A Buy?
OliX Pharmaceuticals,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: 0.022 Hold/Accumulate Unchanged
Predicted Opening Price for OliX Pharmaceuticals,Inc of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| ₩15,440.00 ( 0.652%) | ₩15,340.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 226950.KQ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15,820.00 | 3.13 % | |
| R2 | 15,674.84 | 2.18 % | ||
| R1 | 15,585.16 | 1.60 % | ||
| Current price: | 15,340.00 | |||
| Support | S1 | 15,294.84 | -0.294 % | |
| S2 | 15,205.16 | -0.88 % | ||
| S3 | 15,060.00 | -1.83 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17,540.00 | 14.34 % | |
| R2 | 16,810.00 | 9.58 % | ||
| R1 | 16,650.00 | 8.54 % | ||
| Current price | 15,340.00 | |||
| Support | S1 | 15,220.00 | -0.782% | |
| S2 | 15,210.00 | -0.85% | ||
| S3 | 14,410.00 | -6.06% |
226950 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 15, 2022 | Mar 15, 2022 | Mar 15, 2022 | ₩0.285 | 0% |
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