SK Chemicals Co.,Ltd Stock Forecast
SK Chemicals Co.,Ltd stock price down 0% on Thursday
(Updated on May 23, 2024)
No changes to the price of SK Chemicals Co.,Ltd stock on the last trading day (Thursday, 23rd May 2024). During the last trading day the stock fluctuated 1.70% from a day low at ₩26,450.00 to a day high of ₩26,900.00. The price has fallen in 5 of the last 10 days and is down by -2.2% for this period.
The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at ₩27,055.99 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -9.47% during the next 3 months and, with a 90% probability hold a price between ₩22,564.53 and ₩24,493.56 at the end of this 3-month period. 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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28513K.KS Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 2.89%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The SK Chemicals Co.,Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ₩26,971.43 and ₩26,935.71. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for SK Chemicals Co.,Ltd stock
SK Chemicals Co.,Ltd finds support from accumulated volume at ₩26,350.00 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 ₩450.00 between high and low, or 1.70%. For the last week the stock has had daily average volatility of 1.16%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (28513K.KS) For The Upcoming Trading Day Of Friday 24th
For the upcoming trading day on Friday, 24th we expect SK Chemicals Co.,Ltd to open at ₩26,683.33, and during the day (based on 14 day Average True Range), to move between ₩26,275.94 and ₩27,124.06, which gives a possible trading interval of +/-₩424.06 (+/-1.59%) up or down from last closing price. If SK Chemicals Co.,Ltd takes out the full calculated possible swing range there will be an estimated 3.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩26,350.00 (1.31%) than the resistance at ₩28,150.00 (5.43%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is SK Chemicals Co.,Ltd stock A Buy?
SK Chemicals Co.,Ltd holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.088 Sell Candidate Unchanged
Predicted Opening Price for SK Chemicals Co.,Ltd of Friday, May 24, 2024
| Fair opening price May 24, 2024 | Current price |
|---|---|
| ₩26,683.33 ( 0.0624%) | ₩26,700.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 28513K.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27,133.33 | 1.62 % | |
| R2 | 26,961.43 | 0.98 % | ||
| R1 | 26,855.23 | 0.581 % | ||
| Current price: | 26,700.00 | |||
| Support | S1 | 26,511.43 | -0.706 % | |
| S2 | 26,405.23 | -1.10 % | ||
| S3 | 26,233.33 | -1.75 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 29,150.00 | 9.18 % | |
| R2 | 28,500.00 | 6.74 % | ||
| R1 | 28,150.00 | 5.43 % | ||
| Current price | 26,700.00 | |||
| Support | S1 | 26,350.00 | -1.31% | |
| S2 | 26,000.00 | -2.62% | ||
| S3 | 25,950.00 | -2.81% |
28513K Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 29, 2024 | ₩1,150.00 | 4.28% |
| 2 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | ₩400.00 | 1.22% |
| 3 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩1,150.00 | 2.94% |
| 4 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | ₩400.00 | 0.80% |
| 5 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩3,050.00 | 3.40% |
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