CS Holdings Co., Ltd. Stock Forecast
CS Holdings Co., Ltd. stock price down 1.33% on Monday
(Updated on May 20, 2024)
The CS Holdings Co., Ltd. stock price fell by -1.33% on the last day (Monday, 20th May 2024) from ₩67,600.00 to ₩66,700.00. During the last trading day the stock fluctuated 1.80% from a day low at ₩66,600.00 to a day high of ₩67,800.00. The price has risen in 5 of the last 10 days and is up by 1.83% over the past 2 weeks. Volume has increased on the last day by 62 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 thousand shares were bought and sold for approximately ₩67.43 million.
The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at ₩67,597.78 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect CS Holdings Co., Ltd. stock with a 90% probability to be traded between ₩61,837.74 and ₩67,469.21 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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000590.KS Signals & Forecast
The CS Holdings Co., Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ₩66,700.00 and ₩65,462.86. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -1.33%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Friday, March 29, 2024 in the short-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
The stock had a Golden Star Signal on Friday, March 29, 2024 in the short-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 CS Holdings Co., Ltd. stock
CS Holdings Co., Ltd. finds support from accumulated volume at ₩66,000.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ₩1,200.00 (1.80%) between high and low. For the last week, the stock has had daily average volatility of 1.14%.
Our recommended stop-loss: ₩64,646.11 (-3.08%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (000590.KS) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect CS Holdings Co., Ltd. to open at ₩67,033.33, and during the day (based on 14 day Average True Range), to move between ₩65,903.27 and ₩67,496.73, which gives a possible trading interval of +/-₩796.73 (+/-1.19%) up or down from last closing price. If CS Holdings Co., Ltd. takes out the full calculated possible swing range there will be an estimated 2.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩66,900.00 (0.30%) than the support at ₩66,000.00 (1.05%), 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 CS Holdings Co., Ltd. stock A Buy?
CS Holdings Co., Ltd. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.953 Hold/Accumulate Unchanged
Predicted Opening Price for CS Holdings Co., Ltd. of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| ₩67,033.33 ( 0.500%) | ₩66,700.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000590.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 68,233.33 | 2.30 % | |
| R2 | 67,774.93 | 1.61 % | ||
| R1 | 67,491.73 | 1.19 % | ||
| Current price: | 66,700.00 | |||
| Support | S1 | 66,574.93 | -0.188 % | |
| S2 | 66,291.73 | -0.612 % | ||
| S3 | 65,833.33 | -1.30 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 67,600.00 | 1.35 % | |
| R2 | 67,100.00 | 0.600 % | ||
| R1 | 66,900.00 | 0.300 % | ||
| Current price | 66,700.00 | |||
| Support | S1 | 66,000.00 | -1.05% | |
| S2 | 65,900.00 | -1.20% | ||
| S3 | 65,500.00 | -1.80% |
000590 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 22, 2024 | ₩500.00 | 0.785% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩500.00 | 0.83% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩500.00 | 0.781% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩500.00 | 0.83% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩500.00 | 0.86% |
FAQ
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