LS Networks Corporation Limited Stock Forecast
LS Networks Corporation Limited stock upgraded to Strong Buy Candidate.
(Updated on May 03, 2024)
The LS Networks Corporation Limited stock price fell by -1.40% on the last day (Friday, 3rd May 2024) from ₩4,640.00 to ₩4,575.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.52% from a day low at ₩4,565.00 to a day high of ₩4,680.00. The price has fallen in 6 of the last 10 days but is still up by 5.29% 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 -324 thousand shares and in total, 541 thousand shares were bought and sold for approximately ₩2.47 billion.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.42% during the next 3 months and, with a 90% probability hold a price between ₩4,444.12 and ₩6,121.56 at the end of this 3-month period.
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000680.KS Signals & Forecast
The LS Networks Corporation Limited 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 ₩4,603.57. On a fall, the stock will find some support from the long-term average at approximately ₩4,564.29. 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. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 10.11%. 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. 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 LS Networks Corporation Limited stock
LS Networks Corporation Limited finds support from accumulated volume at ₩4,430.00 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 ₩115.00 between high and low, or 2.52%. For the last week, the stock has had daily average volatility of 7.27%.
Our recommended stop-loss: ₩4,377.24 (-4.32%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (000680.KS) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect LS Networks Corporation Limited to open at ₩4,606.67, and during the day (based on 14 day Average True Range), to move between ₩4,331.65 and ₩4,818.35, which gives a possible trading interval of +/-₩243.35 (+/-5.32%) up or down from last closing price. If LS Networks Corporation Limited takes out the full calculated possible swing range there will be an estimated 10.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩4,430.00 (3.17%) than the resistance at ₩4,865.00 (6.34%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is LS Networks Corporation Limited stock A Buy?
LS Networks Corporation Limited holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.387 Strong Buy Candidate Upgraded
Predicted Opening Price for LS Networks Corporation Limited of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| ₩4,606.67 ( 0.692%) | ₩4,575.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000680.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,721.67 | 3.21 % | |
| R2 | 4,677.74 | 2.25 % | ||
| R1 | 4,650.60 | 1.65 % | ||
| Current price: | 4,575.00 | |||
| Support | S1 | 4,562.74 | -0.268 % | |
| S2 | 4,535.60 | -0.86 % | ||
| S3 | 4,491.67 | -1.82 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5,640.00 | 23.28 % | |
| R2 | 5,230.00 | 14.32 % | ||
| R1 | 4,865.00 | 6.34 % | ||
| Current price | 4,575.00 | |||
| Support | S1 | 4,430.00 | -3.17% | |
| S2 | 4,340.00 | -5.14% | ||
| S3 | 4,300.00 | -6.01% |
000680 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 29, 2014 | Dec 29, 2014 | Dec 29, 2014 | ₩10.00 | 0.246% |
| 2 | Dec 27, 2013 | Dec 27, 2013 | Dec 27, 2013 | ₩10.00 | 0.207% |
| 3 | Dec 27, 2012 | Dec 27, 2012 | Dec 27, 2012 | ₩50.00 | 1.17% |
| 4 | Dec 28, 2011 | Dec 28, 2011 | Dec 28, 2011 | ₩50.00 | 1.17% |
| 5 | Dec 29, 2010 | Dec 29, 2010 | Dec 29, 2010 | ₩49.87 | 0.83% |
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