LOTTE Fine Chemical Co., Ltd. Stock Forecast
LOTTE Fine Chemical Co., Ltd. stock upgraded to Buy Candidate.
(Updated on Jun 14, 2024)
The LOTTE Fine Chemical Co., Ltd. stock price fell by -0.215% on the last day (Friday, 14th Jun 2024) from ₩46,500.00 to ₩46,400.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.16% from a day low at ₩46,200.00 to a day high of ₩47,200.00. The price has fallen in 8 of the last 10 days but is still up by 1.53% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -28 thousand shares and in total, 62 thousand shares were bought and sold for approximately ₩2.88 billion.
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 2.55% during the next 3 months and, with a 90% probability hold a price between ₩43,378.72 and ₩51,349.18 at the end of this 3-month period.
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004000.KS Signals & Forecast
The LOTTE Fine Chemical Co., Ltd. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₩46,914.29. On a fall, the stock will find some support from the long-term average at approximately ₩46,350.00. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell 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 Monday, May 27, 2024, and so far it has fallen -6.83%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for LOTTE Fine Chemical Co., Ltd. stock
LOTTE Fine Chemical Co., Ltd. finds support from accumulated volume at ₩45,550.00 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 ₩1,000.00 (2.16%) between high and low. For the last week, the stock has had daily average volatility of 2.76%.
Our recommended stop-loss: ₩43,597.44 (-6.04%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 36 days ago.)
Trading Expectations (004000.KS) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect LOTTE Fine Chemical Co., Ltd. to open at ₩46,600.00, and during the day (based on 14 day Average True Range), to move between ₩45,118.45 and ₩47,681.55, which gives a possible trading interval of +/-₩1,281.55 (+/-2.76%) up or down from last closing price. If LOTTE Fine Chemical Co., Ltd. takes out the full calculated possible swing range there will be an estimated 5.52% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩47,050.00 (1.40%) than the support at ₩45,550.00 (1.83%), 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 LOTTE Fine Chemical Co., Ltd. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for LOTTE Fine Chemical Co., Ltd. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.074 Buy Candidate Upgraded
Predicted Opening Price for LOTTE Fine Chemical Co., Ltd. of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| ₩46,600.00 ( 0.431%) | ₩46,400.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 004000.KS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 47,600.00 | 2.59% |
| R2 | 47,218.00 | 1.76% |
| R1 | 46,982.00 | 1.25% |
| Price | 46,400.00 | |
| S1 | 46,218.00 | -0.392% |
| S2 | 45,982.00 | -0.90% |
| S3 | 45,600.00 | -1.72% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 48,200.00 | 3.88% |
| R2 | 47,200.00 | 1.72% |
| R1 | 47,050.00 | 1.40% |
| Price | 46,400.00 | |
| S1 | 45,550.00 | -1.83% |
| S2 | 45,050.00 | -2.91% |
| S3 | 41,700.00 | -10.13% |
004000 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 22, 2024 | ₩3,500.00 | 8.12% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩3,500.00 | 6.03% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩2,300.00 | 3.01% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩1,500.00 | 2.81% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩1,700.00 | 3.78% |
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