Yuanta Securities Korea Co., Ltd. Stock Forecast
Stronger technical forecast for Yuanta Securities Korea Co., Ltd. stock price after Friday trading.
(Updated on May 10, 2024)
The Yuanta Securities Korea Co., Ltd. stock price gained 1.82% on the last trading day (Friday, 10th May 2024), rising from ₩2,740.00 to ₩2,790.00. During the last trading day the stock fluctuated 2.18% from a day low at ₩2,755.00 to a day high of ₩2,815.00. The price has fallen in 5 of the last 10 days but is still up by 2.57% 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, 42 thousand more shares were traded than the day before. In total, 168 thousand shares were bought and sold for approximately ₩467.99 million.
The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at ₩2,798.96 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Yuanta Securities Korea Co., Ltd. stock with a 90% probability to be traded between ₩2,579.07 and ₩2,768.74 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners. 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.
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003470.KS Signals & Forecast
The Yuanta Securities Korea 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 ₩2,765.00 and ₩2,706.14. A breakdown below any of these levels will issue sell signals. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, May 08, 2024, and so far it has fallen -0.357%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Yuanta Securities Korea Co., Ltd. stock
Yuanta Securities Korea Co., Ltd. finds support from accumulated volume at ₩2,780.00 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 ₩60.00 (2.18%) between high and low. For the last week, the stock has had daily average volatility of 2.01%.
Our recommended stop-loss: ₩2,684.30 (-3.79%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (003470.KS) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Yuanta Securities Korea Co., Ltd. to open at ₩2,786.67, and during the day (based on 14 day Average True Range), to move between ₩2,738.88 and ₩2,841.12, which gives a possible trading interval of +/-₩51.12 (+/-1.83%) up or down from last closing price. If Yuanta Securities Korea Co., Ltd. takes out the full calculated possible swing range there will be an estimated 3.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩2,800.00 (0.36%) than the support at ₩2,780.00 (0.36%), 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 Yuanta Securities Korea Co., Ltd. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Yuanta Securities Korea Co., Ltd. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.479 Buy Candidate Upgraded
Predicted Opening Price for Yuanta Securities Korea Co., Ltd. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| ₩2,786.67 ( 0.119%) | ₩2,790.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 003470.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,846.67 | 2.03 % | |
| R2 | 2,823.75 | 1.21 % | ||
| R1 | 2,809.59 | 0.702 % | ||
| Current price: | 2,790.00 | |||
| Support | S1 | 2,763.75 | -0.94 % | |
| S2 | 2,749.59 | -1.45 % | ||
| S3 | 2,726.67 | -2.27 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,880.00 | 3.23 % | |
| R2 | 2,830.00 | 1.43 % | ||
| R1 | 2,800.00 | 0.358 % | ||
| Current price | 2,790.00 | |||
| Support | S1 | 2,780.00 | -0.358% | |
| S2 | 2,690.00 | -3.58% | ||
| S3 | 2,685.00 | -3.76% |
003470 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 22, 2024 | ₩110.00 | 4.07% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩110.00 | 4.53% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩180.00 | 4.49% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩125.00 | 4.21% |
| 5 | Mar 28, 2013 | Mar 28, 2013 | Mar 28, 2013 | ₩50.00 | 1.25% |
FAQ
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