Miwon Specialty Chemical Co., Ltd. Stock Forecast
Miwon Specialty Chemical Co., Ltd. stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on Jun 28, 2024)
The Miwon Specialty Chemical Co., Ltd. stock price gained 3.92% on the last trading day (Friday, 28th Jun 2024), rising from ₩145,500.00 to ₩151,200.00. During the last trading day the stock fluctuated 4.35% from a day low at ₩144,900.00 to a day high of ₩151,200.00. The price has been going up and down for this period, and there has been a 0.93% gain for the last 2 weeks. Volume fell on the last day by -29 shares and in total, 271 shares were bought and sold for approximately ₩40.98 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 8.21% during the next 3 months and, with a 90% probability hold a price between ₩157,681.73 and ₩183,264.81 at the end of this 3-month period.
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268280.KS Signals & Forecast
The Miwon Specialty Chemical Co., Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ₩147,928.57 and ₩150,542.86. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 3.92%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Miwon Specialty Chemical Co., Ltd. stock
Miwon Specialty Chemical Co., Ltd. finds support from accumulated volume at ₩150,300.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ₩6,300.00 (4.35%) between high and low. For the last week, the stock has had daily average volatility of 1.73%.
Our recommended stop-loss: ₩143,627.53 (-5.01%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (268280.KS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Miwon Specialty Chemical Co., Ltd. to open at ₩149,100.00, and during the day (based on 14 day Average True Range), to move between ₩147,709.46 and ₩154,690.54, which gives a possible trading interval of +/-₩3,490.54 (+/-2.31%) up or down from last closing price. If Miwon Specialty Chemical Co., Ltd. takes out the full calculated possible swing range there will be an estimated 4.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩152,000.00 (0.53%) than the support at ₩150,300.00 (0.60%), 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 Miwon Specialty Chemical Co., Ltd. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Miwon Specialty Chemical Co., Ltd. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.479 Buy Candidate Upgraded
Predicted Opening Price for Miwon Specialty Chemical Co., Ltd. of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
₩149,100.00 ( 1.39%) | ₩151,200.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 268280.KS
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 155,400.00 | 2.78% |
R2 | 152,993.40 | 1.19% |
R1 | 151,506.60 | 0.203% |
Price | 151,200.00 | |
S1 | 146,693.40 | -2.98% |
S2 | 145,206.60 | -3.96% |
S3 | 142,800.00 | -5.56% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 164,000.00 | 8.47% |
R2 | 160,200.00 | 5.95% |
R1 | 152,000.00 | 0.529% |
Price | 151,200.00 | |
S1 | 150,300.00 | -0.595% |
S2 | 149,500.00 | -1.12% |
S3 | 148,000.00 | -2.12% |
268280 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 27, 2024 | Jun 27, 2024 | Jul 29, 2024 | ₩700.00 | 0.463% |
2 | Dec 27, 2023 | Dec 27, 2023 | Apr 08, 2024 | ₩1,400.00 | 0.98% |
3 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | ₩700.00 | 0.450% |
4 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩1,400.00 | 0.91% |
5 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | ₩900.00 | 0.450% |
FAQ
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