Samyang Packaging Corporation Stock Forecast
Samyang Packaging Corporation stock price down 0.389% on Wednesday
(Updated on Jun 19, 2024)
The Samyang Packaging Corporation stock price fell by -0.389% on the last day (Wednesday, 19th Jun 2024) from ₩18,000.00 to ₩17,930.00. During the last trading day the stock fluctuated 2.43% from a day low at ₩17,660.00 to a day high of ₩18,090.00. The price has risen in 6 of the last 10 days and is up by 1.36% over the past 2 weeks. Volume has increased on the last day by 4 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 26 thousand shares were bought and sold for approximately ₩462.47 million.
The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at ₩18,063.91 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Samyang Packaging Corporation stock with a 90% probability to be traded between ₩17,140.86 and ₩18,346.43 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.
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272550.KS Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen -0.665%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The Samyang Packaging 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 ₩17,878.57 and ₩17,650.57. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Samyang Packaging Corporation stock
Samyang Packaging Corporation finds support from accumulated volume at ₩17,840.00 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 ₩430.00 between high and low, or 2.43%. For the last week the stock has had daily average volatility of 1.89%.
Our recommended stop-loss: ₩17,346.78 (-3.25%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 36 days ago.)
Trading Expectations (272550.KS) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Samyang Packaging Corporation to open at ₩17,893.33, and during the day (based on 14 day Average True Range), to move between ₩17,616.68 and ₩18,243.32, which gives a possible trading interval of +/-₩313.32 (+/-1.75%) up or down from last closing price. If Samyang Packaging Corporation takes out the full calculated possible swing range there will be an estimated 3.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩17,940.00 (0.06%) than the support at ₩17,840.00 (0.50%), 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 Samyang Packaging Corporation stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Samyang Packaging Corporation stock to perform well in the short-term period.
Current score: 1.198 Buy Candidate Unchanged
Predicted Opening Price for Samyang Packaging Corporation of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| ₩17,893.33 ( 0.204%) | ₩17,930.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 272550.KS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 18,323.33 | 2.19% |
| R2 | 18,159.07 | 1.28% |
| R1 | 18,057.59 | 0.712% |
| Price | 17,930.00 | |
| S1 | 17,729.07 | -1.12% |
| S2 | 17,627.59 | -1.69% |
| S3 | 17,463.33 | -2.60% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 18,000.00 | 0.390% |
| R2 | 17,990.00 | 0.335% |
| R1 | 17,940.00 | 0.0558% |
| Price | 17,930.00 | |
| S1 | 17,840.00 | -0.502% |
| S2 | 17,700.00 | -1.28% |
| S3 | 16,710.00 | -6.80% |
272550 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 03, 2024 | ₩750.00 | 4.24% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩750.00 | 4.03% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩1,000.00 | 3.99% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩1,000.00 | 4.72% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩750.00 | 4.79% |
FAQ
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