NDFOS Co., Ltd. Stock Forecast
Red day on Friday for NDFOS Co., Ltd. stock after losing 1.07%
(Updated on May 24, 2024)
The NDFOS Co., Ltd. stock price fell by -1.07% on the last day (Friday, 24th May 2024) from ₩4,200.00 to ₩4,155.00. During the last trading day the stock fluctuated 2.31% from a day low at ₩4,105.00 to a day high of ₩4,200.00. The price has fallen in 6 of the last 10 days but is still up by 1.71% 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 -1 thousand shares and in total, 21 thousand shares were bought and sold for approximately ₩85.47 million.
The stock lies in the middle of a 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 13.83% during the next 3 months and, with a 90% probability hold a price between ₩4,374.22 and ₩5,164.14 at the end of this 3-month period.
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238090.KQ Signals & Forecast
The NDFOS Co., Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ₩4,147.86 and ₩4,123.57. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -2.81%. Further fall is indicated until a new bottom pivot has been found. 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 NDFOS Co., Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at ₩3,850.00 and ₩3,785.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, NDFOS Co., Ltd. finds support just below today's level at ₩3,850.00. If this is broken, then the next support from accumulated volume will be at ₩3,785.00 and ₩3,520.00.
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 ₩95.00 between high and low, or 2.31%. For the last week the stock has had daily average volatility of 4.50%.
Our recommended stop-loss: ₩3,972.79 (-4.39%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 29 days ago.)
Trading Expectations (238090.KQ) For The Upcoming Trading Day Of Monday 27th
For the upcoming trading day on Monday, 27th we expect NDFOS Co., Ltd. to open at ₩4,153.33, and during the day (based on 14 day Average True Range), to move between ₩3,990.51 and ₩4,319.49, which gives a possible trading interval of +/-₩164.49 (+/-3.96%) up or down from last closing price. If NDFOS Co., Ltd. takes out the full calculated possible swing range there will be an estimated 7.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩4,170.00 (0.36%) than the support at ₩3,850.00 (7.34%), 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 NDFOS Co., Ltd. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for NDFOS Co., Ltd. stock to perform well in the short-term.
Current score: 3.150 Buy Candidate Unchanged
Predicted Opening Price for NDFOS Co., Ltd. of Monday, May 27, 2024
| Fair opening price May 27, 2024 | Current price |
|---|---|
| ₩4,153.33 ( 0.0401%) | ₩4,155.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 238090.KQ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,248.33 | 2.25 % | |
| R2 | 4,212.04 | 1.37 % | ||
| R1 | 4,189.62 | 0.83 % | ||
| Current price: | 4,155.00 | |||
| Support | S1 | 4,117.04 | -0.91 % | |
| S2 | 4,094.62 | -1.45 % | ||
| S3 | 4,058.33 | -2.33 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,235.00 | 1.93 % | |
| R2 | 4,205.00 | 1.20 % | ||
| R1 | 4,170.00 | 0.361 % | ||
| Current price | 4,155.00 | |||
| Support | S1 | 3,850.00 | -7.34% | |
| S2 | 3,785.00 | -8.90% | ||
| S3 | 3,520.00 | -15.28% |
238090 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2018 | Dec 27, 2018 | Dec 27, 2018 | ₩65.00 | 0.471% |
| 2 | Dec 28, 2016 | Dec 28, 2016 | Dec 28, 2016 | ₩400.00 | 2.97% |
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