Ictk Co Ltd Stock Forecast
Ictk Co Ltd stock price fell more than -5.17% Tuesday closing at ₩9,180.00
(Updated on Jul 02, 2024)
The Ictk Co Ltd stock price fell by -5.17% on the last day (Tuesday, 2nd Jul 2024) from ₩9,680.00 to ₩9,180.00. During the last trading day the stock fluctuated 7.57% from a day low at ₩9,110.00 to a day high of ₩9,800.00. The price has fallen in 7 of the last 10 days and is down by -22.01% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -178 thousand shares and in total, 263 thousand shares were bought and sold for approximately ₩2.42 billion.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at ₩9,303.62 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -51.26% during the next 3 months and, with a 90% probability hold a price between ₩3,812.48 and ₩4,534.29 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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456010.KQ Signals & Forecast
There are few to no technical positive signals at the moment. The Ictk Co Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₩9,862.86 and ₩13,307.41. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, July 01, 2024, and so far it has fallen -5.17%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Ictk Co Ltd stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved ₩690.00 between high and low, or 7.57%. For the last week, the stock has had daily average volatility of 6.05%.
Ictk Co Ltd is oversold on RSI14 (12). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (456010.KQ) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Ictk Co Ltd to open at ₩9,363.33, and during the day (based on 14 day Average True Range), to move between ₩8,301.60 and ₩10,058.40, which gives a possible trading interval of +/-₩878.40 (+/-9.57%) up or down from last closing price. If Ictk Co Ltd takes out the full calculated possible swing range there will be an estimated 19.14% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ ₩11,210.00, some ₩2,030.00 (22.11%) from the current price of ₩9,180.00, our system finds the risk reward not very attractive.
Is Ictk Co Ltd stock A Buy?
Ictk Co Ltd holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.323 Sell Candidate Downgraded
Predicted Opening Price for Ictk Co Ltd of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| ₩9,363.33 ( 2.00%) | ₩9,180.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 456010.KQ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10,053.33 | 9.51% |
| R2 | 9,789.75 | 6.64% |
| R1 | 9,626.91 | 4.87% |
| Price | 9,180.00 | |
| S1 | 9,099.75 | -0.87% |
| S2 | 8,936.91 | -2.65% |
| S3 | 8,673.33 | -5.52% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11,430.00 | 24.51% |
| R2 | 11,420.00 | 24.40% |
| R1 | 11,210.00 | 22.11% |
| Price | 9,180.00 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
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