Soulbrain Co., Ltd. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Stronger technical forecast for Soulbrain Co., Ltd. stock price after Friday trading.
(Updated on May 17, 2024)
The Soulbrain Co., Ltd. stock price gained 2.01% on the last trading day (Friday, 17th May 2024), rising from ₩298,000.00 to ₩304,000.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.45% from a day low at ₩304,000.00 to a day high of ₩314,500.00. The price has been going up and down for this period, and there has been a 0.66% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 32 thousand more shares were traded than the day before. In total, 46 thousand shares were bought and sold for approximately ₩13.88 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 11.19% during the next 3 months and, with a 90% probability hold a price between ₩324,031.29 and ₩365,922.25 at the end of this 3-month period.
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357780.KQ Signals & Forecast
The Soulbrain Co., Ltd. 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 ₩303,857.14 and ₩301,957.14. A breakdown below any of these levels will issue sell signals. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -3.49%. Further fall is indicated until a new bottom pivot has been found.
A sell signal from a double top formation was found on Tuesday, May 07, 2024 and based on theory for this formation the price should fall by -14.27% to ₩260,605.26 within 19 trading days since signal was issued (Monday, May 20, 2024).
Support, Risk & Stop-loss for Soulbrain Co., Ltd. stock
Soulbrain Co., Ltd. finds support from accumulated volume at ₩298,500.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock 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 ₩10,500.00 between high and low, or 3.45%. For the last week, the stock has had daily average volatility of 3.67%.
Our recommended stop-loss: ₩289,566.27 (-4.75%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (357780.KQ) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Soulbrain Co., Ltd. to open at ₩307,500.00, and during the day (based on 14 day Average True Range), to move between ₩292,532.76 and ₩315,467.24, which gives a possible trading interval of +/-₩11,467.24 (+/-3.77%) up or down from last closing price. If Soulbrain Co., Ltd. takes out the full calculated possible swing range there will be an estimated 7.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩298,500.00 (1.81%) than the resistance at ₩312,000.00 (2.63%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Soulbrain Co., Ltd. stock A Buy?
Soulbrain Co., Ltd. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Buy candidate.
Current score: 5.083 Strong Buy Candidate Upgraded
Predicted Opening Price for Soulbrain Co., Ltd. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ₩307,500.00 ( 1.15%) | ₩304,000.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 357780.KQ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 318,000.00 | 4.61 % | |
| R2 | 313,989.00 | 3.29 % | ||
| R1 | 311,511.00 | 2.47 % | ||
| Current price: | 304,000.00 | |||
| Support | S1 | 303,489.00 | -0.168 % | |
| S2 | 301,011.00 | -0.98 % | ||
| S3 | 297,000.00 | -2.30 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 313,500.00 | 3.13 % | |
| R2 | 312,500.00 | 2.80 % | ||
| R1 | 312,000.00 | 2.63 % | ||
| Current price | 304,000.00 | |||
| Support | S1 | 298,500.00 | -1.81% | |
| S2 | 295,000.00 | -2.96% | ||
| S3 | 288,000.00 | -5.26% |
357780 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Dec 27, 2023 | ₩2,000.00 | 0.660% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩2,000.00 | 0.90% |
FAQ
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