Voronoi, Inc. Stock Forecast
Stronger technical forecast for Voronoi, Inc. stock price after Friday trading.
(Updated on Jun 28, 2024)
The Voronoi, Inc. stock price fell by -1.11% on the last day (Friday, 28th Jun 2024) from ₩49,400.00 to ₩48,850.00. During the last trading day the stock fluctuated 4.70% from a day low at ₩47,850.00 to a day high of ₩50,100.00. The price has risen in 6 of the last 10 days and is up by 15.08% over the past 2 weeks. Volume has increased on the last day by 17 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, 107 thousand shares were bought and sold for approximately ₩5.22 billion.
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 24.76% during the next 3 months and, with a 90% probability hold a price between ₩56,524.22 and ₩65,462.62 at the end of this 3-month period.
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310210.KQ Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, June 21, 2024, and so far it has fallen -2.88%. 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 Voronoi, 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 ₩48,757.14 and ₩44,904.00. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Voronoi, Inc. stock
Voronoi, Inc. finds support from accumulated volume at ₩47,500.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₩2,250.00 between high and low, or 4.70%. For the last week, the stock has had daily average volatility of 5.75%.
Our recommended stop-loss: ₩47,104.01 (-3.57%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (310210.KQ) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Voronoi, Inc. to open at ₩48,933.33, and during the day (based on 14 day Average True Range), to move between ₩45,845.67 and ₩51,854.33, which gives a possible trading interval of +/-₩3,004.33 (+/-6.15%) up or down from last closing price. If Voronoi, Inc. takes out the full calculated possible swing range there will be an estimated 12.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩48,900.00 (0.10%) than the support at ₩47,500.00 (2.76%), 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 Voronoi, Inc. 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 Voronoi, Inc. 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: 1.221 Buy Candidate Upgraded
Predicted Opening Price for Voronoi, Inc. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ₩48,933.33 ( 0.171%) | ₩48,850.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 310210.KQ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 51,183.33 | 4.78% |
| R2 | 50,323.83 | 3.02% |
| R1 | 49,792.83 | 1.93% |
| Price | 48,850.00 | |
| S1 | 48,073.83 | -1.59% |
| S2 | 47,542.83 | -2.68% |
| S3 | 46,683.33 | -4.44% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 50,300.00 | 2.97% |
| R2 | 49,350.00 | 1.02% |
| R1 | 48,900.00 | 0.102% |
| Price | 48,850.00 | |
| S1 | 47,500.00 | -2.76% |
| S2 | 46,300.00 | -5.22% |
| S3 | 41,000.00 | -16.07% |
FAQ
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