Psk Inc. Stock Forecast
On Thursday, Psk Inc. stock price gained an impressive 6.48%
(Updated on Jul 04, 2024)
The Psk Inc. stock price gained 6.48% on the last trading day (Thursday, 4th Jul 2024), rising from ₩35,500.00 to ₩37,800.00. During the last trading day the stock fluctuated 7.58% from a day low at ₩35,600.00 to a day high of ₩38,300.00. The price has fallen in 6 of the last 10 days but is still up by 5.88% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 321 thousand more shares were traded than the day before. In total, 561 thousand shares were bought and sold for approximately ₩21.21 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 17.97% during the next 3 months and, with a 90% probability hold a price between ₩41,194.56 and ₩45,559.77 at the end of this 3-month period.
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319660.KQ Signals & Forecast
Mostly positive signals in the chart today. The Psk 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 ₩35,792.86 and ₩33,606.90. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 13.00%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Psk Inc. stock
Psk Inc. finds support from accumulated volume at ₩36,100.00 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 ₩2,700.00 between high and low, or 7.58%. For the last week, the stock has had daily average volatility of 5.60%.
Our recommended stop-loss: ₩36,424.08 (-3.64%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (319660.KQ) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Psk Inc. to open at ₩37,233.33, and during the day (based on 14 day Average True Range), to move between ₩36,055.18 and ₩39,544.82, which gives a possible trading interval of +/-₩1,744.82 (+/-4.62%) up or down from last closing price. If Psk Inc. takes out the full calculated possible swing range there will be an estimated 9.23% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₩36,100.00, some ₩1,700.00 (4.50%) from the current price of ₩37,800.00, our system finds the risk reward attractive.
Is Psk 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 Psk Inc. stock to perform well in the short-term.
Current score: 4.889 Buy Candidate Unchanged
Predicted Opening Price for Psk Inc. of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| ₩37,233.33 ( 1.50%) | ₩37,800.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 319660.KQ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 39,933.33 | 5.64% |
| R2 | 38,901.93 | 2.92% |
| R1 | 38,264.73 | 1.23% |
| Price | 37,800.00 | |
| S1 | 36,201.93 | -4.23% |
| S2 | 35,564.73 | -5.91% |
| S3 | 34,533.33 | -8.64% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 37,800.00 | |
| S1 | 36,100.00 | -4.50% |
| S2 | 33,500.00 | -11.38% |
| S3 | 33,350.00 | -11.77% |
319660 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 12, 2024 | ₩400.00 | 1.28% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Apr 07, 2023 | ₩400.00 | 1.90% |
FAQ
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