Advanced Process Systems Corporation Stock Forecast
Weaker technical forecast for Advanced Process Systems Corporation as stock downgraded to Sell Candidate.
(Updated on Jun 25, 2024)
The Advanced Process Systems Corporation stock price fell by -0.583% on the last day (Tuesday, 25th Jun 2024) from ₩25,750.00 to ₩25,600.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 4.22% from a day low at ₩24,900.00 to a day high of ₩25,950.00. The price has fallen in 6 of the last 10 days and is down by -8.57% for this period. 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 -16 thousand shares and in total, 213 thousand shares were bought and sold for approximately ₩5.46 billion.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₩23,338.26 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 6.97% during the next 3 months and, with a 90% probability hold a price between ₩24,965.41 and ₩39,197.92 at the end of this 3-month period.
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265520.KQ Signals & Forecast
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 Advanced Process Systems Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₩27,150.00 and ₩27,972.86. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 02, 2024, and so far it has fallen -27.38%. 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 Advanced Process Systems Corporation stock
Advanced Process Systems Corporation finds support from accumulated volume at ₩25,350.00 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 ₩1,050.00 between high and low, or 4.22%. For the last week, the stock has had daily average volatility of 3.80%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (265520.KQ) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Advanced Process Systems Corporation to open at ₩25,483.33, and during the day (based on 14 day Average True Range), to move between ₩24,278.63 and ₩26,921.37, which gives a possible trading interval of +/-₩1,321.37 (+/-5.16%) up or down from last closing price. If Advanced Process Systems Corporation takes out the full calculated possible swing range there will be an estimated 10.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩25,350.00 (0.98%) than the resistance at ₩27,000.00 (5.47%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Advanced Process Systems Corporation stock A Buy?
The Advanced Process Systems Corporation stock holds several negative signals and despite the positive trend, we believe Advanced Process Systems Corporation will perform weakly in the next couple of days or weeks. Therefore, we 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: -4.165 Sell Candidate Downgraded
Predicted Opening Price for Advanced Process Systems Corporation of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ₩25,483.33 ( 0.456%) | ₩25,600.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 265520.KQ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 26,533.33 | 3.65% |
| R2 | 26,132.23 | 2.08% |
| R1 | 25,884.43 | 1.11% |
| Price | 25,600.00 | |
| S1 | 25,082.23 | -2.02% |
| S2 | 24,834.43 | -2.99% |
| S3 | 24,433.33 | -4.56% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 30,150.00 | 17.77% |
| R2 | 27,850.00 | 8.79% |
| R1 | 27,000.00 | 5.47% |
| Price | 25,600.00 | |
| S1 | 25,350.00 | -0.98% |
| S2 | 23,900.00 | -6.64% |
| S3 | 23,550.00 | -8.01% |
265520 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Dec 27, 2023 | ₩270.00 | 1.20% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩270.00 | 1.46% |
FAQ
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