JW Lifescience Corporation Stock Forecast
Green day on Friday for JW Lifescience Corporation
(Updated on May 31, 2024)
The JW Lifescience Corporation stock price gained 0.416% on the last trading day (Friday, 31st May 2024), rising from ₩12,020.00 to ₩12,070.00. During the last trading day the stock fluctuated 1.17% from a day low at ₩11,990.00 to a day high of ₩12,130.00. The price has fallen in 7 of the last 10 days and is down by -3.05% for this period. Volume fell on the last day by -8 thousand shares and in total, 9 thousand shares were bought and sold for approximately ₩103.78 million. 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 is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect JW Lifescience Corporation stock with a 90% probability to be traded between ₩11,448.35 and ₩12,323.30 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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234080.KS Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 0.416%. Further rise is indicated until a new top pivot has been found. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The JW Lifescience Corporation 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 ₩12,202.86 and ₩12,318.00. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for JW Lifescience Corporation stock
JW Lifescience Corporation finds support from accumulated volume at ₩12,020.00 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 ₩140.00 between high and low, or 1.17%. For the last week the stock has had daily average volatility of 1.99%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (234080.KS) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect JW Lifescience Corporation to open at ₩12,063.33, and during the day (based on 14 day Average True Range), to move between ₩11,866.76 and ₩12,273.24, which gives a possible trading interval of +/-₩203.24 (+/-1.68%) up or down from last closing price. If JW Lifescience Corporation takes out the full calculated possible swing range there will be an estimated 3.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩12,020.00 (0.41%) than the resistance at ₩12,580.00 (4.23%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is JW Lifescience Corporation stock A Buy?
JW Lifescience Corporation holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.480 Sell Candidate Unchanged
Predicted Opening Price for JW Lifescience Corporation of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| ₩12,063.33 ( 0.0552%) | ₩12,070.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 234080.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12,203.33 | 1.10 % | |
| R2 | 12,149.85 | 0.662 % | ||
| R1 | 12,116.81 | 0.388 % | ||
| Current price: | 12,070.00 | |||
| Support | S1 | 12,009.85 | -0.498 % | |
| S2 | 11,976.81 | -0.772 % | ||
| S3 | 11,923.33 | -1.22 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12,620.00 | 4.56 % | |
| R2 | 12,600.00 | 4.39 % | ||
| R1 | 12,580.00 | 4.23 % | ||
| Current price | 12,070.00 | |||
| Support | S1 | 12,020.00 | -0.414% | |
| S2 | 11,950.00 | -0.99% | ||
| S3 | 11,800.00 | -2.24% |
234080 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 01, 2024 | ₩500.00 | 3.96% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩500.00 | 4.05% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩500.00 | 3.56% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩500.00 | 2.45% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩500.00 | 2.51% |
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