TS Corporation Stock Forecast
Red day on Tuesday for TS Corporation stock after losing 1.76%
(Updated on Jun 04, 2024)
The TS Corporation stock price fell by -1.76% on the last day (Tuesday, 4th Jun 2024) from ₩3,125.00 to ₩3,070.00. During the last trading day the stock fluctuated 2.44% from a day low at ₩3,070.00 to a day high of ₩3,145.00. The price has been going up and down for this period, and there has been a -3% loss for the last 2 weeks. Volume has increased on the last day by 85 thousand 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, 390 thousand shares were bought and sold for approximately ₩1.20 billion.
The stock lies in the middle of a 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 -3.75% during the next 3 months and, with a 90% probability hold a price between ₩2,831.52 and ₩3,070.91 at the end of this 3-month period.
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001790.KS Signals & Forecast
There are few to no technical positive signals at the moment. The TS Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₩3,108.57 and ₩3,120.86. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -4.51%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for TS Corporation stock
TS Corporation finds support from accumulated volume at ₩3,040.00 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 ₩75.00 between high and low, or 2.44%. For the last week the stock has had daily average volatility of 3.78%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (001790.KS) For The Upcoming Trading Day Of Wednesday 5th
For the upcoming trading day on Wednesday, 5th we expect TS Corporation to open at ₩3,095.00, and during the day (based on 14 day Average True Range), to move between ₩2,991.28 and ₩3,148.72, which gives a possible trading interval of +/-₩78.72 (+/-2.56%) up or down from last closing price. If TS Corporation takes out the full calculated possible swing range there will be an estimated 5.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩3,040.00 (0.98%) than the resistance at ₩3,120.00 (1.63%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is TS Corporation stock A Buy?
TS Corporation holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.656 Sell Candidate Unchanged
Predicted Opening Price for TS Corporation of Wednesday, June 5, 2024
| Fair opening price June 5, 2024 | Current price |
|---|---|
| ₩3,095.00 ( 0.81%) | ₩3,070.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 001790.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,170.00 | 3.26 % | |
| R2 | 3,141.35 | 2.32 % | ||
| R1 | 3,123.65 | 1.75 % | ||
| Current price: | 3,070.00 | |||
| Support | S1 | 3,066.35 | -0.119 % | |
| S2 | 3,048.65 | -0.695 % | ||
| S3 | 3,020.00 | -1.63 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,205.00 | 4.40 % | |
| R2 | 3,165.00 | 3.09 % | ||
| R1 | 3,120.00 | 1.63 % | ||
| Current price | 3,070.00 | |||
| Support | S1 | 3,040.00 | -0.98% | |
| S2 | 3,030.00 | -1.30% | ||
| S3 | 3,010.00 | -1.95% |
001790 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 03, 2024 | ₩120.00 | 3.73% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩120.00 | 4.49% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩110.00 | 3.65% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩90.00 | 3.95% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩67.50 | 3.46% |
FAQ
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