Echomarketing Co.,Ltd. Stock Forecast
Echomarketing Co.,Ltd. stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 31, 2024)
The Echomarketing Co.,Ltd. stock price gained 3.18% on the last trading day (Friday, 31st May 2024), rising from ₩13,190.00 to ₩13,610.00. During the last trading day the stock fluctuated 6.26% from a day low at ₩13,090.00 to a day high of ₩13,910.00. The price has risen in 6 of the last 10 days and is up by 4.53% 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, 149 thousand more shares were traded than the day before. In total, 213 thousand shares were bought and sold for approximately ₩2.90 billion.
The stock lies in the middle of a very 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 19.03% during the next 3 months and, with a 90% probability hold a price between ₩15,192.88 and ₩19,087.33 at the end of this 3-month period.
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230360.KQ Signals & Forecast
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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Echomarketing Co.,Ltd. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ₩13,726.57. On a fall, the stock will find some support from the short-term average at ₩13,208.57. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, April 18, 2024, and so far it has fallen -8.29%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Echomarketing Co.,Ltd. stock
Echomarketing Co.,Ltd. finds support from accumulated volume at ₩13,000.00 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 ₩820.00 between high and low, or 6.26%. For the last week, the stock has had daily average volatility of 3.67%.
Our recommended stop-loss: ₩12,822.87 (-5.78%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 31 days ago.)
Trading Expectations (230360.KQ) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Echomarketing Co.,Ltd. to open at ₩13,536.67, and during the day (based on 14 day Average True Range), to move between ₩13,090.03 and ₩14,129.97, which gives a possible trading interval of +/-₩519.97 (+/-3.82%) up or down from last closing price. If Echomarketing Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 7.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩13,000.00 (4.48%) than the resistance at ₩14,470.00 (6.32%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Echomarketing Co.,Ltd. stock A Buy?
Echomarketing 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.542 Hold/Accumulate Upgraded
Predicted Opening Price for Echomarketing Co.,Ltd. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| ₩13,536.67 ( 0.539%) | ₩13,610.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 230360.KQ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14,356.67 | 5.49 % | |
| R2 | 14,043.43 | 3.18 % | ||
| R1 | 13,849.91 | 1.76 % | ||
| Current price: | 13,610.00 | |||
| Support | S1 | 13,223.43 | -2.84 % | |
| S2 | 13,029.91 | -4.26 % | ||
| S3 | 12,716.67 | -6.56 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14,600.00 | 7.27 % | |
| R2 | 14,570.00 | 7.05 % | ||
| R1 | 14,470.00 | 6.32 % | ||
| Current price | 13,610.00 | |||
| Support | S1 | 13,000.00 | -4.48% | |
| S2 | 12,950.00 | -4.85% | ||
| S3 | 12,490.00 | -8.23% |
230360 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Dec 27, 2023 | ₩90.00 | 0.90% |
| 2 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | ₩220.00 | 2.14% |
| 3 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩90.00 | 0.619% |
| 4 | Dec 28, 2016 | Dec 28, 2016 | Dec 28, 2016 | ₩210.00 | 3.86% |
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