TY Holdings Co., Ltd Stock Forecast
TY Holdings Co., Ltd stock downgraded from Buy Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Jun 26, 2024)
The TY Holdings Co., Ltd stock price gained 0.295% on the last trading day (Wednesday, 26th Jun 2024), rising from ₩3,395.00 to ₩3,405.00. During the last trading day the stock fluctuated 1.04% from a day low at ₩3,380.00 to a day high of ₩3,415.00. The price has been going up and down for this period, and there has been a 0.59% gain for the last 2 weeks. Volume fell on the last day by -6 thousand shares and in total, 33 thousand shares were bought and sold for approximately ₩111.52 million. 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 is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at ₩3,377.94 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect TY Holdings Co., Ltd stock with a 90% probability to be traded between ₩3,341.53 and ₩3,846.95 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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363280.KS Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 12, 2024, and so far it has risen 0.591%. 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 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The TY Holdings Co., Ltd stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ₩3,594.14. On a fall, the stock will find some support from the short-term average at ₩3,400.71. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for TY Holdings Co., Ltd stock
TY Holdings Co., Ltd finds support from accumulated volume at ₩3,395.00 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 ₩35.00 between high and low, or 1.04%. For the last week, the stock has had daily average volatility of 1.60%.
TY Holdings Co., Ltd is oversold on RSI14 (18). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: ₩3,202.77 (-5.94%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 18 which reduces the risk some. There is a buy signal from a pivot bottom found 37 days ago.)
Trading Expectations (363280.KS) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect TY Holdings Co., Ltd to open at ₩3,400.00, and during the day (based on 14 day Average True Range), to move between ₩3,319.43 and ₩3,490.57, which gives a possible trading interval of +/-₩85.57 (+/-2.51%) up or down from last closing price. If TY Holdings Co., Ltd takes out the full calculated possible swing range there will be an estimated 5.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩3,410.00 (0.15%) than the support at ₩3,395.00 (0.29%), 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 TY Holdings Co., Ltd stock A Buy?
TY Holdings Co., Ltd holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.534 Hold/Accumulate Downgraded
Predicted Opening Price for TY Holdings Co., Ltd of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| ₩3,400.00 ( 0.147%) | ₩3,405.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 363280.KS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,435.00 | 0.88% |
| R2 | 3,421.63 | 0.488% |
| R1 | 3,413.37 | 0.246% |
| Price | 3,405.00 | |
| S1 | 3,386.63 | -0.540% |
| S2 | 3,378.37 | -0.782% |
| S3 | 3,365.00 | -1.17% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,595.00 | 5.58% |
| R2 | 3,540.00 | 3.96% |
| R1 | 3,410.00 | 0.147% |
| Price | 3,405.00 | |
| S1 | 3,395.00 | -0.294% |
| S2 | 3,385.00 | -0.587% |
| S3 | 3,360.00 | -1.32% |
363280 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 22, 2024 | ₩150.00 | 4.15% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩151.48 | 1.43% |
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