KUMHO Engineering & Construction Co., Stock Forecast
KUMHO Engineering & Construction Co., stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 17, 2024)
The KUMHO Engineering & Construction Co., stock price fell by -0.711% on the last day (Friday, 17th May 2024) from ₩4,220.00 to ₩4,190.00. During the last trading day the stock fluctuated 1.19% from a day low at ₩4,185.00 to a day high of ₩4,235.00. The price has been going up and down for this period, and there has been a -1.18% loss for the last 2 weeks. Volume has increased on the last day by 1 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, 15 thousand shares were bought and sold for approximately ₩63.12 million.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at ₩4,229.70 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -19.76% during the next 3 months and, with a 90% probability hold a price between ₩3,034.84 and ₩3,394.09 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
002990.KS Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 1.33%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The KUMHO Engineering & Construction Co., 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 ₩4,246.43 and ₩4,281.57. A break-up above any of these levels will issue buy signals. 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 KUMHO Engineering & Construction Co., stock
KUMHO Engineering & Construction Co., finds support from accumulated volume at ₩4,160.00 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 ₩50.00 between high and low, or 1.19%. For the last week the stock has had daily average volatility of 1.26%.
Our recommended stop-loss: ₩3,976.31 (-5.10%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (002990.KS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect KUMHO Engineering & Construction Co., Ltd. to open at ₩4,203.33, and during the day (based on 14 day Average True Range), to move between ₩4,122.29 and ₩4,257.71, which gives a possible trading interval of +/-₩67.71 (+/-1.62%) up or down from last closing price. If KUMHO Engineering & Construction Co., Ltd. takes out the full calculated possible swing range there will be an estimated 3.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩4,160.00 (0.72%) than the resistance at ₩4,390.00 (4.77%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is KUMHO Engineering & Construction Co., Ltd. stock A Buy?
KUMHO Engineering & Construction Co., holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.860 Hold/Accumulate Upgraded
Predicted Opening Price for KUMHO Engineering & Construction Co., Ltd. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ₩4,203.33 ( 0.318%) | ₩4,190.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002990.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,253.33 | 1.51 % | |
| R2 | 4,234.23 | 1.06 % | ||
| R1 | 4,222.43 | 0.774 % | ||
| Current price: | 4,190.00 | |||
| Support | S1 | 4,184.23 | -0.138 % | |
| S2 | 4,172.43 | -0.419 % | ||
| S3 | 4,153.33 | -0.88 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,710.00 | 12.41 % | |
| R2 | 4,615.00 | 10.14 % | ||
| R1 | 4,390.00 | 4.77 % | ||
| Current price | 4,190.00 | |||
| Support | S1 | 4,160.00 | -0.716% | |
| S2 | 4,140.00 | -1.19% | ||
| S3 | 4,135.00 | -1.31% |
002990 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩500.00 | 6.84% |
| 2 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩800.00 | 6.90% |
| 3 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩500.00 | 5.51% |
| 4 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩500.00 | 4.41% |
| 5 | Dec 27, 2018 | Dec 27, 2018 | Dec 27, 2018 | ₩500.00 | 4.13% |
FAQ
Click here for our free guide on how to buy KUMHO Engineering & Construction Co., Ltd. Stock.
