Ecopro BM. Co., Ltd. Stock Forecast
Red day on Tuesday for Ecopro BM. Co., Ltd. stock after losing 0.209%
(Updated on Apr 30, 2024)
The Ecopro BM. Co., Ltd. stock price fell by -0.209% on the last day (Tuesday, 30th Apr 2024) from ₩239,000.00 to ₩238,500.00. During the last trading day the stock fluctuated 3.80% from a day low at ₩237,000.00 to a day high of ₩246,000.00. The price has been going up and down for this period, and there has been a 8.16% gain for the last 2 weeks. Volume has increased on the last day by 60 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 404 thousand shares were bought and sold for approximately ₩96.43 billion.
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 Ecopro BM. Co., Ltd. stock with a 90% probability to be traded between ₩215,410.43 and ₩293,149.28 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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247540.KQ Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 10.93%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ecopro BM. 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 ₩252,114.29. On a fall, the stock will find some support from the short-term average at ₩238,071.43. 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. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Ecopro BM. Co., Ltd. stock
Ecopro BM. Co., Ltd. finds support from accumulated volume at ₩230,500.00 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 ₩9,000.00 between high and low, or 3.80%. For the last week, the stock has had daily average volatility of 3.75%.
Our recommended stop-loss: ₩231,392.70 (-2.98%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (247540.KQ) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Ecopro BM. Co., Ltd. to open at ₩240,500.00, and during the day (based on 14 day Average True Range), to move between ₩227,061.88 and ₩249,938.12, which gives a possible trading interval of +/-₩11,438.12 (+/-4.80%) up or down from last closing price. If Ecopro BM. Co., Ltd. takes out the full calculated possible swing range there will be an estimated 9.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩243,500.00 (2.10%) than the support at ₩230,500.00 (3.35%), 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 Ecopro BM. Co., Ltd. stock A Buy?
Ecopro BM. 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.
Current score: 0.162 Hold/Accumulate Unchanged
Predicted Opening Price for Ecopro BM. Co., Ltd. of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| ₩240,500.00 ( 0.84%) | ₩238,500.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 247540.KQ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 249,500.00 | 4.61 % | |
| R2 | 246,062.00 | 3.17 % | ||
| R1 | 243,938.00 | 2.28 % | ||
| Current price: | 238,500.00 | |||
| Support | S1 | 237,062.00 | -0.603 % | |
| S2 | 234,938.00 | -1.49 % | ||
| S3 | 231,500.00 | -2.94 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 266,500.00 | 11.74 % | |
| R2 | 256,000.00 | 7.34 % | ||
| R1 | 243,500.00 | 2.10 % | ||
| Current price | 238,500.00 | |||
| Support | S1 | 230,500.00 | -3.35% | |
| S2 | 229,000.00 | -3.98% | ||
| S3 | 228,000.00 | -4.40% |
247540 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Dec 27, 2023 | ₩450.00 | 0.155% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩450.00 | 0.488% |
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