LOTTE Fine Chemical Co., Ltd. Stock Forecast
LOTTE Fine Chemical Co., Ltd. stock price ended at ₩44,850.00 on Friday, after losing 0.99%.
(Updated on Jun 21, 2024)
The LOTTE Fine Chemical Co., Ltd. stock price fell by -0.99% on the last day (Friday, 21st Jun 2024) from ₩45,300.00 to ₩44,850.00. During the last trading day the stock fluctuated 1.68% from a day low at ₩44,550.00 to a day high of ₩45,300.00. The price has fallen in 8 of the last 10 days and is down by -5.28% for this period. 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 -2 thousand shares and in total, 51 thousand shares were bought and sold for approximately ₩2.30 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 3.15% during the next 3 months and, with a 90% probability hold a price between ₩43,939.99 and ₩51,843.07 at the end of this 3-month period.
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004000.KS Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has risen 0.448%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The LOTTE Fine Chemical Co., Ltd. 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 ₩45,578.57 and ₩46,620.00. A break-up above any of these levels will issue buy signals. 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
On the downside, the stock finds support just below today's level from accumulated volume at ₩41,950.00 and ₩41,700.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, LOTTE Fine Chemical Co., Ltd. finds support just below today's level at ₩41,950.00. If this is broken, then the next support from accumulated volume will be at ₩41,700.00 and ₩41,550.00.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₩750.00 between high and low, or 1.68%. For the last week, the stock has had daily average volatility of 2.30%.
Our recommended stop-loss: ₩41,960.73 (-6.44%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 18 days ago.)
Trading Expectations (004000.KS) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect LOTTE Fine Chemical Co., Ltd. to open at ₩44,900.00, and during the day (based on 14 day Average True Range), to move between ₩43,650.72 and ₩46,049.28, which gives a possible trading interval of +/-₩1,199.28 (+/-2.67%) 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 5.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩45,050.00 (0.45%) than the support at ₩41,950.00 (6.47%), 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?
LOTTE Fine Chemical Co., Ltd. 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.
Current score: -0.218 Hold/Accumulate Unchanged
Predicted Opening Price for LOTTE Fine Chemical Co., Ltd. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| ₩44,900.00 ( 0.111%) | ₩44,850.00 |
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 | 45,650.00 | 1.78% |
| R2 | 45,363.50 | 1.14% |
| R1 | 45,186.50 | 0.750% |
| Price | 44,850.00 | |
| S1 | 44,613.50 | -0.527% |
| S2 | 44,436.50 | -0.92% |
| S3 | 44,150.00 | -1.56% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 48,450.00 | 8.03% |
| R2 | 47,050.00 | 4.91% |
| R1 | 45,050.00 | 0.446% |
| Price | 44,850.00 | |
| S1 | 41,950.00 | -6.47% |
| S2 | 41,700.00 | -7.02% |
| S3 | 41,550.00 | -7.36% |
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% |
FAQ
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