Aluko Co., Ltd. Stock Forecast
On Monday, Aluko Co., Ltd. stock price gained an impressive 5.47%
(Updated on May 20, 2024)
The Aluko Co., Ltd. stock price gained 5.47% on the last trading day (Monday, 20th May 2024), rising from ₩3,290.00 to ₩3,470.00. During the last trading day the stock fluctuated 5.29% from a day low at ₩3,310.00 to a day high of ₩3,485.00. The price has been going up and down for this period, and there has been a 4.52% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 million more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately ₩12.18 billion.
The stock lies in the middle of a 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 -3.91% during the next 3 months and, with a 90% probability hold a price between ₩3,031.38 and ₩3,730.29 at the end of this 3-month period.
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001780.KS Signals & Forecast
Mostly positive signals in the chart today. The Aluko 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 ₩3,344.29 and ₩3,340.43. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 11, 2024, and so far it has risen 7.76%. 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 Aluko Co., Ltd. stock
Aluko Co., Ltd. finds support from accumulated volume at ₩3,400.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved ₩175.00 between high and low, or 5.29%. For the last week the stock has had daily average volatility of 2.72%.
Our recommended stop-loss: ₩3,346.47 (-3.56%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 36 days ago.)
Trading Expectations (001780.KS) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Aluko Co., Ltd. to open at ₩3,421.67, and during the day (based on 14 day Average True Range), to move between ₩3,354.27 and ₩3,585.73, which gives a possible trading interval of +/-₩115.73 (+/-3.34%) up or down from last closing price. If Aluko Co., Ltd. takes out the full calculated possible swing range there will be an estimated 6.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩3,400.00 (2.02%) than the resistance at ₩3,660.00 (5.48%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Aluko Co., Ltd. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 4.539 Buy Candidate Upgraded
Predicted Opening Price for Aluko Co., Ltd. of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| ₩3,421.67 ( 1.39%) | ₩3,470.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 001780.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,596.67 | 3.65 % | |
| R2 | 3,529.82 | 1.72 % | ||
| R1 | 3,488.52 | 0.534 % | ||
| Current price: | 3,470.00 | |||
| Support | S1 | 3,354.82 | -3.32 % | |
| S2 | 3,313.52 | -4.51 % | ||
| S3 | 3,246.67 | -6.44 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,830.00 | 10.37 % | |
| R2 | 3,690.00 | 6.34 % | ||
| R1 | 3,660.00 | 5.48 % | ||
| Current price | 3,470.00 | |||
| Support | S1 | 3,400.00 | -2.02% | |
| S2 | 3,360.00 | -3.17% | ||
| S3 | 3,320.00 | -4.32% |
001780 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2018 | Dec 27, 2018 | Dec 27, 2018 | ₩25.00 | 0.91% |
| 2 | Dec 27, 2017 | Dec 27, 2017 | Dec 27, 2017 | ₩50.00 | 1.46% |
| 3 | Dec 28, 2016 | Dec 28, 2016 | Dec 28, 2016 | ₩50.00 | 0.93% |
| 4 | Dec 29, 2015 | Dec 29, 2015 | Dec 29, 2015 | ₩50.00 | 0.709% |
| 5 | Dec 29, 2010 | Dec 29, 2010 | Dec 29, 2010 | ₩50.00 | 0.99% |
FAQ
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