Lotte Non - Life Insurance Co., Ltd. Stock Forecast

Green day on Friday for Lotte Non - Life Insurance Co., Ltd. stock after gaining 0.447%
(Updated on May 03, 2024)

000400.KS Signals & Forecast

A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -12.47%. 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). Some positive signals were issued as well, and these may have some influence on the near short-term development. The Lotte Non - Life Insurance Co., Ltd. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₩3,540.71. On a fall, the stock will find some support from the long-term average at approximately ₩3,137.86. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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.

Support, Risk & Stop-loss for Lotte Non - Life Insurance Co., Ltd. stock

Lotte Non - Life Insurance Co., Ltd. finds support from accumulated volume at ₩3,360.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₩105.00 between high and low, or 3.16%. For the last week, the stock has had daily average volatility of 3.62%.

Our recommended stop-loss: ₩3,187.35 (-5.42%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 7 days ago.)

Trading Expectations (000400.KS) For The Upcoming Trading Day Of Tuesday 7th

For the upcoming trading day on Tuesday, 7th we expect Lotte Non - Life Insurance Co., Ltd. to open at ₩3,371.67, and during the day (based on 14 day Average True Range), to move between ₩3,164.35 and ₩3,575.65, which gives a possible trading interval of +/-₩205.65 (+/-6.10%) up or down from last closing price. If Lotte Non - Life Insurance Co., Ltd. takes out the full calculated possible swing range there will be an estimated 12.20% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₩3,375.00 (0.15%) than the support at ₩3,360.00 (0.30%), 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 Lotte Non - Life Insurance Co., Ltd. stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

Current score: 1.143 Buy Candidate Unchanged

Predicted Opening Price for Lotte Non - Life Insurance Co., Ltd. of Tuesday, May 7, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.