ST Pharm Co.,Ltd. Stock Forecast
ST Pharm Co.,Ltd. stock upgraded to Hold/Accumulate.
(Updated on Jun 25, 2024)
The ST Pharm Co.,Ltd. stock price fell by -0.343% on the last day (Tuesday, 25th Jun 2024) from ₩87,400.00 to ₩87,100.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 4.46% from a day low at ₩85,200.00 to a day high of ₩89,000.00. The price has fallen in 8 of the last 10 days and is down by -16.89% for this period. 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 -140 thousand shares and in total, 178 thousand shares were bought and sold for approximately ₩15.51 billion.
Given the current short-term trend, the stock is expected to rise 14.02% during the next 3 months and, with a 90% probability hold a price between ₩99,315.37 and ₩128,122.60 at the end of this 3-month period.
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237690.KQ Signals & Forecast
There are few to no technical positive signals at the moment. The ST Pharm Co.,Ltd. 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 ₩91,028.57 and ₩94,928.57. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 07, 2024, and so far it has fallen -20.53%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for ST Pharm Co.,Ltd. stock
ST Pharm Co.,Ltd. finds support from accumulated volume at ₩83,300.00 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 ₩3,800.00 between high and low, or 4.46%. For the last week, the stock has had daily average volatility of 5.32%.
Our recommended stop-loss: ₩81,682.38 (-6.22%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 54 days ago.)
Trading Expectations (237690.KQ) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect ST Pharm Co.,Ltd. to open at ₩87,100.00, and during the day (based on 14 day Average True Range), to move between ₩81,571.03 and ₩92,628.97, which gives a possible trading interval of +/-₩5,528.97 (+/-6.35%) up or down from last closing price. If ST Pharm Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 12.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩83,300.00 (4.36%) than the resistance at ₩92,800.00 (6.54%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ST Pharm Co.,Ltd. stock A Buy?
ST Pharm Co.,Ltd. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: -0.897 Hold/Accumulate Upgraded
Predicted Opening Price for ST Pharm Co.,Ltd. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ₩87,100.00 ( 0%) | ₩87,100.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 237690.KQ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 90,900.00 | 4.36% |
| R2 | 89,448.40 | 2.70% |
| R1 | 88,551.60 | 1.67% |
| Price | 87,100.00 | |
| S1 | 85,648.40 | -1.67% |
| S2 | 84,751.60 | -2.70% |
| S3 | 83,300.00 | -4.36% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 94,300.00 | 8.27% |
| R2 | 93,400.00 | 7.23% |
| R1 | 92,800.00 | 6.54% |
| Price | 87,100.00 | |
| S1 | 83,300.00 | -4.36% |
| S2 | 81,200.00 | -6.77% |
| S3 | 78,700.00 | -9.64% |
237690 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Dec 27, 2023 | ₩500.00 | 0.792% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩500.00 | 0.566% |
| 3 | Dec 28, 2016 | Dec 28, 2016 | Dec 28, 2016 | ₩500.00 | 1.08% |
FAQ
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