Netmarble Corporation Stock Forecast
Netmarble Corporation stock price up 3.14% on Friday
(Updated on May 17, 2024)
The Netmarble Corporation stock price gained 3.14% on the last trading day (Friday, 17th May 2024), rising from ₩63,700.00 to ₩65,700.00. During the last trading day the stock fluctuated 4.98% from a day low at ₩64,300.00 to a day high of ₩67,500.00. The price has risen in 7 of the last 10 days and is up by 17.53% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 189 thousand more shares were traded than the day before. In total, 399 thousand shares were bought and sold for approximately ₩26.21 billion.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.55% during the next 3 months and, with a 90% probability hold a price between ₩50,674.95 and ₩66,771.31 at the end of this 3-month period.
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251270.KS Signals & Forecast
The Netmarble Corporation 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 ₩64,614.29 and ₩59,474.29. 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). Volume is rising along with the price. This is considered to be a good technical signal. 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 Friday, May 10, 2024, and so far it has fallen -5.33%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Netmarble Corporation stock
Netmarble Corporation finds support from accumulated volume at ₩65,100.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₩3,200.00 between high and low, or 4.98%. For the last week, the stock has had daily average volatility of 5.82%.
Our recommended stop-loss: ₩62,135.08 (-5.43%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (251270.KS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Netmarble Corporation to open at ₩65,833.33, and during the day (based on 14 day Average True Range), to move between ₩62,462.93 and ₩68,937.07, which gives a possible trading interval of +/-₩3,237.07 (+/-4.93%) up or down from last closing price. If Netmarble Corporation takes out the full calculated possible swing range there will be an estimated 9.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩65,100.00 (0.91%) than the resistance at ₩66,800.00 (1.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Netmarble Corporation stock A Buy?
Netmarble Corporation 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: 0.681 Hold/Accumulate Unchanged
Predicted Opening Price for Netmarble Corporation of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
₩65,833.33 ( 0.203%) | ₩65,700.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 251270.KS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 69,033.33 | 5.07 % | |
R2 | 67,810.93 | 3.21 % | ||
R1 | 67,055.73 | 2.06 % | ||
Current price: | 65,700.00 | |||
Support | S1 | 64,610.93 | -1.66 % | |
S2 | 63,855.73 | -2.81 % | ||
S3 | 62,633.33 | -4.67 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 69,400.00 | 5.63 % | ||
R1 | 66,800.00 | 1.67 % | ||
Current price | 65,700.00 | |||
Support | S1 | 65,100.00 | -0.91% | |
S2 | 64,800.00 | -1.37% | ||
S3 | 60,700.00 | -7.61% |
251270 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩528.00 | 0.444% |
2 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩767.00 | 0.609% |
3 | Dec 27, 2017 | Dec 27, 2017 | Dec 27, 2017 | ₩360.00 | 0.190% |
FAQ
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