Crown Confectionery Co., Ltd. Stock Forecast
Crown Confectionery Co., Ltd. stock price ended at ₩10,770.00 on Friday, after gaining 1.70%.
(Updated on May 17, 2024)
The Crown Confectionery Co., Ltd. stock price gained 1.70% on the last trading day (Friday, 17th May 2024), rising from ₩10,590.00 to ₩10,770.00. During the last trading day the stock fluctuated 4.51% from a day low at ₩10,640.00 to a day high of ₩11,120.00. The price has risen in 6 of the last 10 days and is up by 2.18% 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, 10 thousand more shares were traded than the day before. In total, 16 thousand shares were bought and sold for approximately ₩171.44 million.
Given the current horizontal trend, you can expect Crown Confectionery Co., Ltd. stock with a 90% probability to be traded between ₩10,112.18 and ₩10,584.97 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. 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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26490K.KS Signals & Forecast
The Crown Confectionery 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 ₩10,597.14 and ₩10,503.14. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 4.16%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Crown Confectionery Co., Ltd. stock
Crown Confectionery Co., Ltd. finds support from accumulated volume at ₩10,590.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 ₩480.00 between high and low, or 4.51%. For the last week the stock has had daily average volatility of 1.98%.
Our recommended stop-loss: ₩10,211.33 (-5.19%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (26490K.KS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Crown Confectionery Co., Ltd. to open at ₩10,843.33, and during the day (based on 14 day Average True Range), to move between ₩10,596.26 and ₩10,943.74, which gives a possible trading interval of +/-₩173.74 (+/-1.61%) up or down from last closing price. If Crown Confectionery Co., Ltd. takes out the full calculated possible swing range there will be an estimated 3.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩10,840.00 (0.65%) than the support at ₩10,590.00 (1.67%), 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 Crown Confectionery Co., Ltd. stock A Buy?
Crown Confectionery 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: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Crown Confectionery Co., Ltd. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ₩10,843.33 ( 0.681%) | ₩10,770.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 26490K.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11,323.33 | 5.14 % | |
| R2 | 11,139.97 | 3.44 % | ||
| R1 | 11,026.69 | 2.38 % | ||
| Current price: | 10,770.00 | |||
| Support | S1 | 10,659.97 | -1.02 % | |
| S2 | 10,546.69 | -2.07 % | ||
| S3 | 10,363.33 | -3.78 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 10,840.00 | 0.650 % | ||
| Current price | 10,770.00 | |||
| Support | S1 | 10,590.00 | -1.67% | |
| S2 | 10,570.00 | -1.86% | ||
| S3 | 10,520.00 | -2.32% |
26490K Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 29, 2024 | ₩252.00 | 2.38% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩252.00 | 2.29% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩252.00 | 1.94% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩252.00 | 2.45% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩252.00 | 3.23% |
FAQ
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