Lotte Non - Life Insurance Co., Ltd. Stock Forecast
Lotte Non - Life Insurance Co., Ltd. stock price ended at ₩3,385.00 on Thursday, after losing 0.441%.
(Updated on May 23, 2024)
The Lotte Non - Life Insurance Co., Ltd. stock price fell by -0.441% on the last day (Thursday, 23rd May 2024) from ₩3,400.00 to ₩3,385.00. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 1.79% from a day low at ₩3,355.00 to a day high of ₩3,415.00. The price has fallen in 7 of the last 10 days and is down by -1.6% 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 -203 thousand shares and in total, 322 thousand shares were bought and sold for approximately ₩1.09 billion.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₩3,312.85 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 26.16% during the next 3 months and, with a 90% probability hold a price between ₩4,179.65 and ₩5,211.38 at the end of this 3-month period.
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000400.KS Signals & Forecast
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 ₩3,434.29. On a fall, the stock will find some support from the long-term average at approximately ₩3,325.29. 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. 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, April 23, 2024, and so far it has fallen -12.08%. 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 Lotte Non - Life Insurance Co., Ltd. stock
Lotte Non - Life Insurance Co., Ltd. finds support from accumulated volume at ₩3,245.00 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 ₩60.00 between high and low, or 1.79%. For the last week, the stock has had daily average volatility of 3.01%.
Our recommended stop-loss: ₩3,177.84 (-6.12%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 47 days ago.)
Trading Expectations (000400.KS) For The Upcoming Trading Day Of Friday 24th
For the upcoming trading day on Friday, 24th we expect Lotte Non - Life Insurance Co., Ltd. to open at ₩3,385.00, and during the day (based on 14 day Average True Range), to move between ₩3,242.14 and ₩3,527.86, which gives a possible trading interval of +/-₩142.86 (+/-4.22%) 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 8.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩3,245.00 (4.14%) than the resistance at ₩3,745.00 (10.64%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Lotte Non - Life Insurance Co., Ltd. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Lotte Non - Life Insurance Co., Ltd. stock to perform well in the short-term.
Current score: 3.259 Buy Candidate Unchanged
Predicted Opening Price for Lotte Non - Life Insurance Co., Ltd. of Friday, May 24, 2024
| Fair opening price May 24, 2024 | Current price |
|---|---|
| ₩3,385.00 ( 0%) | ₩3,385.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000400.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,445.00 | 1.77 % | |
| R2 | 3,422.08 | 1.10 % | ||
| R1 | 3,407.92 | 0.677 % | ||
| Current price: | 3,385.00 | |||
| Support | S1 | 3,362.08 | -0.677 % | |
| S2 | 3,347.92 | -1.10 % | ||
| S3 | 3,325.00 | -1.77 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,850.00 | 13.74 % | |
| R2 | 3,795.00 | 12.11 % | ||
| R1 | 3,745.00 | 10.64 % | ||
| Current price | 3,385.00 | |||
| Support | S1 | 3,245.00 | -4.14% | |
| S2 | 3,195.00 | -5.61% | ||
| S3 | 3,035.00 | -10.34% |
000400 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2017 | Dec 27, 2017 | Dec 27, 2017 | ₩20.00 | 0.687% |
| 2 | Dec 28, 2016 | Dec 28, 2016 | Dec 28, 2016 | ₩10.00 | 0.415% |
| 3 | Mar 30, 2010 | Mar 30, 2010 | Mar 30, 2010 | ₩38.05 | 0.648% |
| 4 | Mar 28, 2008 | Mar 28, 2008 | Mar 28, 2008 | ₩38.05 | 0.332% |
| 5 | Mar 29, 2007 | Mar 29, 2007 | Mar 29, 2007 | ₩38.05 | 2.71% |
FAQ
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