Chokwang Leather조광피혁
004700 · KOSPI · ₩004700 · 조광피혁
Technical gauge
After the close on Oct 28, 2026Short term
Bearish
0 bullish, 0 neutral, 9 bearish
Medium term
Bearish
1 bullish, 1 neutral, 6 bearish
What the indicators say
Chokwang Leather closed at 63,600 won, below its 5-day (65,140 won), 20-day (66,270 won), 60-day (65,325 won) and 200-day (66,029 won) moving averages, while sitting slightly above its 120-day average of 63,944 won. Momentum is weak: RSI(14) is 40.9, MACD histogram is -361.3, ADX is 15.4 with minus DI (12.9) above plus DI (11.0), and the price is under the Ichimoku cloud, with the short-term gauge reading 9 bearish signals against 0 bullish. The closest support is 63,400 won and resistance is 64,900 won, with volume running at 3.5 times its 20-day average while OBV trends down.
Written by AI from the indicator values above. Not advice.
Technical indicators describe past price and volume patterns. They are not predictions or recommendations.
Squeeze! setup
1D timeframe- Planned entry
- ₩62,900
- Trailing STOP
- ₩67,000
- TPs
- ₩60,800₩58,800₩55,700₩52,600₩46,450
- DCA
- ₩63,900₩65,000₩66,000
Recent events
- Oct 26Ready to SHORT 🔽 · Chokwang Leather · Entry: 62,900 · 1D
- Oct 19Ready to LONG 🔼 · Chokwang Leather · Entry: 67,800 · 1D
Squeeze = Bollinger Bands (20, 2) inside Keltner Channels (20, 1.5) for 6+ bars; confirmed on a close beyond the squeeze range with momentum that way within 3 bars of the release. Stop 2 ATR, moved to the entry after TP2; targets 1 / 2 / 3.5 / 5 / 8 ATR; DCA 0.5 / 1 / 1.5 ATR. Paper-trading setup, not advice.
Chart
2026-10-28O 65,300H 66,300L 63,600C 63,600
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Indicators
- Moving averagesPrice above 0 of 5 averages5d ₩65,140 · 20d ₩66,270 · 60d ₩65,325 · 120d ₩63,944 · 200d ₩66,029Price above its averages is commonly read as an uptrend, below as a downtrend; the 200-day line is widely watched for the long-term trend.
- RSI (14)Downward momentum40.9Measures the speed of recent gains vs losses. Above 70 is often called overbought, below 30 oversold; extremes can last in strong trends.
- MACD (12, 26, 9)Below its signal line-258 · signal 104 · histogram -361The gap between 12- and 26-day exponential averages. Crossing its signal line is read as momentum turning; above zero, the short-term average is above the long.
- Bollinger Bands (20, 2)Near the lower band₩64,170 – ₩66,270 – ₩68,370 · width 6.3%Bands two standard deviations around the 20-day average. A squeeze (very narrow bands) means unusually quiet trading, which often comes before a bigger move either way.
- Volume vs 20-day averageHeavy trading3.55×Trading volume compared with its 20-day average. Moves on heavy volume are usually given more weight.
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Estimates from short-selling data. Levels are not predictions or trading recommendations.
Share lending and returned shares
Shares lent out (mostly to short sellers), new loans and shares returned each day. A return is either the lender calling the shares back (a recall) or the borrower handing them back, often after buying back a short. The published figures don't say which.
- Shares on loan
- 19.3K
- 0.3% of listed shares
- Loans, 5-day change
- +2.8%
- Loans, 20-day change
- +2.8%
- Returned, last 5 days
- 1.8K
- New loans, last 5 days
- 2.3K
- Short balance vs loans
- 0%
- How much of the lent stock is sold short. The higher it is, the more buying back a wave of recalls forces.
Unusual return days (last 60 days)
| Day | Returned | Of the loans | Vs usual |
|---|---|---|---|
| Aug 4 | 13.1K | 36% | 8.2× |
| Jul 31 | 18.2K | 37.5% | 30× |
Unusual = at least 3× the 20-day average, at least 2% of the shares on loan and 10,000 shares.
As of Oct 28. Published figures, one trading day behind. They describe lending, not where the price goes; not a recommendation.
Lending data: Financial Services Commission, Korea (Public Data Portal).
Retail margin & forced selling
Margin loans
₩30T
−7.3% in 5 days · 8th percentile of the last year
Forced selling
₩11B
0.4× the 20-day average
Forced-sale share
1.0%
Unpaid settlements
₩1T
Retail stock borrowing ₩21B
Calm under 30, normal to 50, elevated to 70, high above. From today's forced-sale amount vs its 20-day average, the forced-sale share of receivables, where margin loans sit in their 1-year range, and whether they are being cut fast.
Estimates from public margin-lending statistics. Not a prediction or a recommendation.
Technical indicators describe past price and volume patterns. They are not predictions or recommendations.
Also known as: Chokwang Leather / 조광피혁 / 004700 / KRX:004700
Source: KRX statistical information