Heungkuk Fire&Marine Insurance Co., Ltd. Stock Forecast
Evaluation of Heungkuk Fire&Marine Insurance Co., Ltd. stock downgraded after the last trading session.
(Updated on May 03, 2024)
The Heungkuk Fire&Marine Insurance Co., Ltd. stock price fell by -4.50% on the last day (Friday, 3rd May 2024) from ₩4,330.00 to ₩4,135.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 4.73% from a day low at ₩4,125.00 to a day high of ₩4,320.00. The price has fallen in 6 of the last 10 days but is still up by 8.96% over the past 2 weeks. 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 -35 thousand shares and in total, 208 thousand shares were bought and sold for approximately ₩859.32 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -21.44% during the next 3 months and, with a 90% probability hold a price between ₩2,733.33 and ₩3,871.10 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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000540.KS Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 10.86%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Heungkuk Fire&Marine Insurance Co., Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ₩4,264.29 and ₩4,172.14. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Thursday, October 05, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Thursday, October 05, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Heungkuk Fire&Marine Insurance Co., Ltd. stock
Heungkuk Fire&Marine Insurance Co., Ltd. finds support from accumulated volume at ₩4,115.00 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 ₩195.00 between high and low, or 4.73%. For the last week, the stock has had daily average volatility of 4.61%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (000540.KS) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Heungkuk Fire&Marine Insurance Co., Ltd. to open at ₩4,193.33, and during the day (based on 14 day Average True Range), to move between ₩3,931.60 and ₩4,338.40, which gives a possible trading interval of +/-₩203.40 (+/-4.92%) up or down from last closing price. If Heungkuk Fire&Marine Insurance Co., Ltd. takes out the full calculated possible swing range there will be an estimated 9.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩4,115.00 (0.48%) than the resistance at ₩4,305.00 (4.11%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Heungkuk Fire&Marine Insurance Co., Ltd. stock A Buy?
Heungkuk Fire&Marine Insurance Co., Ltd. holds several negative signals and we believe that 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 Buy to a Sell candidate.
Current score: -2.289 Sell Candidate Downgraded
Predicted Opening Price for Heungkuk Fire&Marine Insurance Co., Ltd. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| ₩4,193.33 ( 1.41%) | ₩4,135.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000540.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,388.33 | 6.13 % | |
| R2 | 4,313.84 | 4.33 % | ||
| R1 | 4,267.82 | 3.21 % | ||
| Current price: | 4,135.00 | |||
| Support | S1 | 4,118.84 | -0.391 % | |
| S2 | 4,072.82 | -1.50 % | ||
| S3 | 3,998.33 | -3.31 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,455.00 | 7.74 % | |
| R2 | 4,450.00 | 7.62 % | ||
| R1 | 4,305.00 | 4.11 % | ||
| Current price | 4,135.00 | |||
| Support | S1 | 4,115.00 | -0.484% | |
| S2 | 4,065.00 | -1.69% | ||
| S3 | 3,810.00 | -7.86% |
000540 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2000 | Mar 30, 2000 | Mar 30, 2000 | ₩591.02 | 6.46% |
FAQ
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