Ildong Pharmaceutical Co., Ltd. Stock Forecast
Evaluation of Ildong Pharmaceutical Co., Ltd. stock downgraded after the last trading session.
(Updated on Jun 28, 2024)
No changes to the price of Ildong Pharmaceutical Co., Ltd. stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 1.31% from a day low at ₩12,940.00 to a day high of ₩13,110.00. The price has fallen in 6 of the last 10 days and is down by -5.25% for this period.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₩12,692.19 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -15.50% during the next 3 months and, with a 90% probability hold a price between ₩10,724.71 and ₩12,038.82 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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249420.KS Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 0.697%. 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). The volume rose on the last day while price remained unchanged. This may be an early warning and 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 Ildong Pharmaceutical 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 ₩14,131.43. On a fall, the stock will find some support from the short-term average at ₩12,968.57. 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.
Support, Risk & Stop-loss for Ildong Pharmaceutical Co., Ltd. stock
Ildong Pharmaceutical Co., Ltd. finds support from accumulated volume at ₩12,910.00 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 ₩170.00 between high and low, or 1.31%. For the last week, the stock has had daily average volatility of 1.11%.
Ildong Pharmaceutical Co., Ltd. is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (249420.KS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Ildong Pharmaceutical Co., Ltd. to open at ₩13,016.67, and during the day (based on 14 day Average True Range), to move between ₩12,737.76 and ₩13,262.24, which gives a possible trading interval of +/-₩262.24 (+/-2.02%) up or down from last closing price. If Ildong Pharmaceutical Co., Ltd. takes out the full calculated possible swing range there will be an estimated 4.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩12,910.00 (0.69%) than the resistance at ₩13,640.00 (4.92%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ildong Pharmaceutical Co., Ltd. stock A Buy?
Ildong Pharmaceutical Co., Ltd. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.617 Sell Candidate Downgraded
Predicted Opening Price for Ildong Pharmaceutical Co., Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ₩13,016.67 ( 0.128%) | ₩13,000.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 249420.KS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13,186.67 | 1.44% |
| R2 | 13,121.73 | 0.94% |
| R1 | 13,081.61 | 0.628% |
| Price | 13,000.00 | |
| S1 | 12,951.73 | -0.371% |
| S2 | 12,911.61 | -0.680% |
| S3 | 12,846.67 | -1.18% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 15,380.00 | 18.31% |
| R2 | 13,720.00 | 5.54% |
| R1 | 13,640.00 | 4.92% |
| Price | 13,000.00 | |
| S1 | 12,910.00 | -0.692% |
| S2 | 0 | - |
| S3 | 0 | - |
249420 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩95.24 | 0.601% |
| 2 | Dec 27, 2018 | Dec 27, 2018 | Dec 27, 2018 | ₩380.95 | 1.96% |
| 3 | Dec 27, 2017 | Dec 27, 2017 | Dec 27, 2017 | ₩362.81 | 1.75% |
| 4 | Dec 28, 2016 | Dec 28, 2016 | Dec 28, 2016 | ₩224.88 | 1.47% |
FAQ
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