Jeisys Medical Inc. Stock Forecast
Stronger technical forecast for Jeisys Medical Inc. stock price after Thursday trading.
(Updated on Jul 04, 2024)
The Jeisys Medical Inc. stock price gained 0.0776% on the last trading day (Thursday, 4th Jul 2024), rising from ₩12,880.00 to ₩12,890.00. During the last trading day the stock fluctuated 0.0776% from a day low at ₩12,890.00 to a day high of ₩12,900.00. The price has been going up and down for this period, and there has been a 0.23% gain for the last 2 weeks. Volume fell on the last day by -146 thousand shares and in total, 252 thousand shares were bought and sold for approximately ₩3.25 billion. 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 strong 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 13.45% during the next 3 months and, with a 90% probability hold a price between ₩13,422.57 and ₩15,103.96 at the end of this 3-month period.
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287410.KQ Signals & Forecast
A sell signal was issued from a pivot top point on Monday, July 01, 2024, and so far it has fallen 0%. 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). Some positive signals were issued as well, and these may have some influence on the near short-term development. The Jeisys Medical Inc. 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 ₩12,877.14 and ₩12,396.90. A breakdown below any of these levels will issue sell signals. 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.
Support, Risk & Stop-loss for Jeisys Medical Inc. stock
Jeisys Medical Inc. finds support from accumulated volume at ₩12,800.00 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 ₩10.00 between high and low, or 0.0776%. For the last week, the stock has had daily average volatility of 0.171%.
The Jeisys Medical Inc. stock is extremely overbought on RSI14 (91). This increases the short-term risk substantially.
Our recommended stop-loss: ₩12,544.55 (-2.68%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 91 and this increases the risk substantially. There is a sell signal from a pivot top found 19 days ago.)
Trading Expectations (287410.KQ) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Jeisys Medical Inc. to open at ₩12,893.33, and during the day (based on 14 day Average True Range), to move between ₩12,668.36 and ₩13,111.64, which gives a possible trading interval of +/-₩221.64 (+/-1.72%) up or down from last closing price. If Jeisys Medical Inc. takes out the full calculated possible swing range there will be an estimated 3.44% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₩12,800.00, some ₩90.00 (0.70%) from the current price of ₩12,890.00, our system finds the risk reward attractive.
Is Jeisys Medical Inc. stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.107 Buy Candidate Upgraded
Predicted Opening Price for Jeisys Medical Inc. of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| ₩12,893.33 ( 0.0259%) | ₩12,890.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 287410.KQ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 12,903.33 | 0.103% |
| R2 | 12,899.51 | 0.0738% |
| R1 | 12,897.15 | 0.0555% |
| Price | 12,890.00 | |
| S1 | 12,889.51 | -0.0038% |
| S2 | 12,887.15 | -0.0221% |
| S3 | 12,883.33 | -0.0517% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 12,890.00 | |
| S1 | 12,800.00 | -0.698% |
| S2 | 12,790.00 | -0.776% |
| S3 | 12,760.00 | -1.01% |
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