Lotte Chilsung Beverage Co., Ltd. Stock Forecast

Lotte Chilsung Beverage Co., Ltd. stock downgraded from Buy Candidate to Hold/Accumulate after Monday trading session.
(Updated on Jun 10, 2024)

005300.KS Signals & Forecast

The Lotte Chilsung Beverage 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 ₩129,471.43 and ₩128,042.86. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 12, 2024, and so far it has risen 8.19%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Tuesday, April 30, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Lotte Chilsung Beverage Co., Ltd. stock

Lotte Chilsung Beverage Co., Ltd. finds support from accumulated volume at ₩128,100.00 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 ₩9,300.00 between high and low, or 7.32%. For the last week the stock has had daily average volatility of 2.35%.

Our recommended stop-loss: ₩129,689.16 (-3.72%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 43 days ago.)

Trading Expectations (005300.KS) For The Upcoming Trading Day Of Tuesday 11th

For the upcoming trading day on Tuesday, 11th we expect Lotte Chilsung Beverage Co., Ltd. to open at ₩132,733.33, and during the day (based on 14 day Average True Range), to move between ₩132,081.34 and ₩137,318.66, which gives a possible trading interval of +/-₩2,618.66 (+/-1.94%) up or down from last closing price. If Lotte Chilsung Beverage Co., Ltd. takes out the full calculated possible swing range there will be an estimated 3.89% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ ₩128,100.00, some ₩6,600.00 (4.90%) from the current price of ₩134,700.00, our system finds the risk reward attractive.

Is Lotte Chilsung Beverage Co., Ltd. stock A Buy?

Lotte Chilsung Beverage Co., Ltd. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Lotte Chilsung Beverage Co., Ltd. of Tuesday, June 11, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.