Kangnam Jevisco Co., Ltd Stock Forecast
Green day on Thursday for Kangnam Jevisco Co., Ltd stock after gaining 2.26%
(Updated on May 09, 2024)
The Kangnam Jevisco Co., Ltd stock price gained 2.26% on the last trading day (Thursday, 9th May 2024), rising from ₩26,600.00 to ₩27,200.00. During the last trading day the stock fluctuated 3.79% from a day low at ₩26,400.00 to a day high of ₩27,400.00. The price has fallen in 6 of the last 10 days and is down by -1.98% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 8 thousand more shares were traded than the day before. In total, 14 thousand shares were bought and sold for approximately ₩374.82 million.
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 ₩26,474.95 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 32.50% during the next 3 months and, with a 90% probability hold a price between ₩35,078.50 and ₩40,688.51 at the end of this 3-month period.
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000860.KS Signals & Forecast
The Kangnam Jevisco 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 ₩27,292.86. On a fall, the stock will find some support from the long-term average at approximately ₩26,280.00. 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 is rising along with the price. This is considered to be a good technical 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 Friday, April 26, 2024, and so far it has fallen -8.72%. 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).
Support, Risk & Stop-loss for Kangnam Jevisco Co., Ltd stock
Kangnam Jevisco Co., Ltd finds support from accumulated volume at ₩27,000.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock 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 ₩1,000.00 between high and low, or 3.79%. For the last week, the stock has had daily average volatility of 2.92%.
Our recommended stop-loss: ₩25,611.52 (-5.84%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (000860.KS) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Kangnam Jevisco Co., Ltd to open at ₩27,000.00, and during the day (based on 14 day Average True Range), to move between ₩26,237.71 and ₩28,162.29, which gives a possible trading interval of +/-₩962.29 (+/-3.54%) up or down from last closing price. If Kangnam Jevisco Co., Ltd takes out the full calculated possible swing range there will be an estimated 7.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩27,400.00 (0.74%) than the support at ₩27,000.00 (0.74%), 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 Kangnam Jevisco 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 Kangnam Jevisco Co., Ltd stock to perform well in the short-term.
Current score: 3.913 Buy Candidate Unchanged
Predicted Opening Price for Kangnam Jevisco Co., Ltd of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| ₩27,000.00 ( 0.735%) | ₩27,200.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000860.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28,000.00 | 2.94 % | |
| R2 | 27,618.00 | 1.54 % | ||
| R1 | 27,382.00 | 0.669 % | ||
| Current price: | 27,200.00 | |||
| Support | S1 | 26,618.00 | -2.14 % | |
| S2 | 26,382.00 | -3.01 % | ||
| S3 | 26,000.00 | -4.41 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 29,800.00 | 9.56 % | |
| R2 | 27,700.00 | 1.84 % | ||
| R1 | 27,400.00 | 0.735 % | ||
| Current price | 27,200.00 | |||
| Support | S1 | 27,000.00 | -0.735% | |
| S2 | 22,500.00 | -17.28% | ||
| S3 | 22,050.00 | -18.93% |
000860 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 29, 2024 | ₩500.00 | 1.78% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩500.00 | 2.38% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩500.00 | 1.97% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩500.00 | 2.35% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩500.00 | 2.45% |
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