Eugene Investment & Securities Co.,Ltd. Stock Forecast
High volatility in Eugene Investment & Securities Co.,Ltd. stock price on Tuesday which ended trading at ₩5,890.00
(Updated on Jun 25, 2024)
The Eugene Investment & Securities Co.,Ltd. stock price gained 11.98% on the last trading day (Tuesday, 25th Jun 2024), rising from ₩5,260.00 to ₩5,890.00. During the last trading day the stock fluctuated 27.92% from a day low at ₩5,050.00 to a day high of ₩6,460.00. The price has risen in 5 of the last 10 days and is up by 36.66% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 16 million more shares were traded than the day before. In total, 18 million shares were bought and sold for approximately ₩103.99 billion.
The stock has broken the wide and weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at ₩4,919.65, a level that may pose a second chance to hit a runner.
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001200.KS Signals & Forecast
The Eugene Investment & Securities 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 ₩4,947.14 and ₩4,373.86. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, May 14, 2024, and so far it has risen 44.72%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Eugene Investment & Securities Co.,Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at ₩5,410.00 and ₩5,260.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Eugene Investment & Securities Co.,Ltd. finds support just below today's level at ₩5,410.00. If this is broken, then the next support from accumulated volume will be at ₩5,260.00 and ₩4,575.00.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₩1,410.00 between high and low, or 27.92%. For the last week, the stock has had daily average volatility of 14.50%.
The Eugene Investment & Securities Co.,Ltd. stock is extremely overbought on RSI14 (84). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stop-loss: ₩5,694.45 (-3.32%) (This stock has high daily movements and this gives high risk. The RSI14 is 84 and this increases the risk substantially. There is a buy signal from a pivot bottom found 43 days ago.)
Trading Expectations (001200.KS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Eugene Investment & Securities Co.,Ltd. to open at ₩5,800.00, and during the day (based on 14 day Average True Range), to move between ₩5,554.13 and ₩6,225.87, which gives a possible trading interval of +/-₩335.87 (+/-5.70%) up or down from last closing price. If Eugene Investment & Securities Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 11.40% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₩5,410.00, some ₩480.00 (8.15%) from the current price of ₩5,890.00, our system finds the risk reward attractive.
Is Eugene Investment & Securities Co.,Ltd. stock A Buy?
Eugene Investment & Securities 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. 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 Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Eugene Investment & Securities Co.,Ltd. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ₩5,800.00 ( 1.53%) | ₩5,890.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 001200.KS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7,210.00 | 22.41% |
| R2 | 6,671.38 | 13.27% |
| R1 | 6,338.62 | 7.62% |
| Price | 5,890.00 | |
| S1 | 5,261.38 | -10.67% |
| S2 | 4,928.62 | -16.32% |
| S3 | 4,390.00 | -25.47% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 5,890.00 | |
| S1 | 5,410.00 | -8.15% |
| S2 | 5,260.00 | -10.70% |
| S3 | 4,575.00 | -22.33% |
001200 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Apr 01, 2024 | ₩60.00 | 1.43% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩60.00 | 2.51% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩140.00 | 3.88% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩120.00 | 3.16% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩70.00 | 3.02% |
FAQ
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