Asia Holdings Co., Ltd. Stock Forecast
Green day on Tuesday for Asia Holdings Co., Ltd. stock after gaining 2.54%
(Updated on Jul 02, 2024)
The Asia Holdings Co., Ltd. stock price gained 2.54% on the last trading day (Tuesday, 2nd Jul 2024), rising from ₩256,000.00 to ₩262,500.00. During the last trading day the stock fluctuated 4.37% from a day low at ₩252,000.00 to a day high of ₩263,000.00. The price has fallen in 6 of the last 10 days but is still up by 4.17% 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, 2 thousand more shares were traded than the day before. In total, 3 thousand shares were bought and sold for approximately ₩836.33 million.
The stock lies in the middle of a 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 4.94% during the next 3 months and, with a 90% probability hold a price between ₩256,135.51 and ₩296,998.66 at the end of this 3-month period.
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002030.KS Signals & Forecast
Mostly positive signals in the chart today. The Asia Holdings 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 ₩257,857.14 and ₩255,200.00. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 05, 2024, and so far it has risen 9.38%. 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 Asia Holdings Co., Ltd. stock
Asia Holdings Co., Ltd. finds support from accumulated volume at ₩252,000.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ₩11,000.00 (4.37%) between high and low. For the last week, the stock has had daily average volatility of 3.40%.
Our recommended stop-loss: ₩253,207.50 (-3.54%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 31 days ago.)
Trading Expectations (002030.KS) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Asia Holdings Co., Ltd. to open at ₩259,166.67, and during the day (based on 14 day Average True Range), to move between ₩254,633.08 and ₩270,366.92, which gives a possible trading interval of +/-₩7,866.92 (+/-3.00%) up or down from last closing price. If Asia Holdings Co., Ltd. takes out the full calculated possible swing range there will be an estimated 5.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩264,500.00 (0.76%) than the support at ₩252,000.00 (4.00%), 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 Asia Holdings Co., Ltd. stock A Buy?
Asia Holdings Co., Ltd. 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.
Current score: 7.857 Strong Buy Candidate Unchanged
Predicted Opening Price for Asia Holdings Co., Ltd. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| ₩259,166.67 ( 1.27%) | ₩262,500.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002030.KS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 270,166.67 | 2.92% |
| R2 | 265,964.67 | 1.32% |
| R1 | 263,368.67 | 0.331% |
| Price | 262,500.00 | |
| S1 | 254,964.67 | -2.87% |
| S2 | 252,368.67 | -3.86% |
| S3 | 248,166.67 | -5.46% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 276,000.00 | 5.14% |
| R2 | 266,500.00 | 1.52% |
| R1 | 264,500.00 | 0.762% |
| Price | 262,500.00 | |
| S1 | 252,000.00 | -4.00% |
| S2 | 242,500.00 | -7.62% |
| S3 | 240,000.00 | -8.57% |
002030 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Nov 15, 2024 | ₩3,250.00 | 1.24% |
| 2 | Oct 30, 2023 | Oct 30, 2023 | Nov 15, 2023 | ₩500.00 | 0.297% |
| 3 | Jul 24, 2023 | Jul 24, 2023 | Jul 24, 2023 | ₩600.00 | 0.388% |
| 4 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩3,250.00 | 2.49% |
| 5 | Oct 28, 2022 | Oct 28, 2022 | Oct 28, 2022 | ₩500.00 | 0.461% |
FAQ
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