Lotte Chilsung Beverage Co., Ltd. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Stronger technical forecast for Lotte Chilsung Beverage Co., Ltd. stock price after Monday trading.
(Updated on May 20, 2024)
The Lotte Chilsung Beverage Co., Ltd. stock price gained 0.444% on the last trading day (Monday, 20th May 2024), rising from ₩67,600.00 to ₩67,900.00. During the last trading day the stock fluctuated 1.04% from a day low at ₩67,500.00 to a day high of ₩68,200.00. The price has risen in 6 of the last 10 days and is up by 0.59% over the past 2 weeks. Volume fell on the last day by -11 shares and in total, 603 shares were bought and sold for approximately ₩40.94 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock has broken the narrow and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. ₩67,890.98 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach ₩69,272.19 sometime during the next 3 months.
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005305.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 ₩67,700.00 and ₩67,642.86. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Thursday, May 16, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Monday, September 11, 2023 in the long-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.
Golden Star 12 Months
The stock had a Golden Star Signal on Monday, September 11, 2023 in the long-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 ₩67,600.00 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 ₩700.00 between high and low, or 1.04%. For the last week the stock has had daily average volatility of 1.01%.
Our recommended stop-loss: ₩65,632.14 (-3.34%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 20 days ago.)
Trading Expectations (005305.KS) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Lotte Chilsung Beverage Co., Ltd. to open at ₩67,866.67, and during the day (based on 14 day Average True Range), to move between ₩67,159.63 and ₩68,640.37, which gives a possible trading interval of +/-₩740.37 (+/-1.09%) 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 2.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩68,000.00 (0.15%) than the support at ₩67,600.00 (0.44%), 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 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.498 Hold/Accumulate Upgraded
Predicted Opening Price for Lotte Chilsung Beverage Co., Ltd. of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| ₩67,866.67 ( 0.0491%) | ₩67,900.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 005305.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 68,566.67 | 0.98 % | |
| R2 | 68,299.27 | 0.588 % | ||
| R1 | 68,134.07 | 0.345 % | ||
| Current price: | 67,900.00 | |||
| Support | S1 | 67,599.27 | -0.443 % | |
| S2 | 67,434.07 | -0.686 % | ||
| S3 | 67,166.67 | -1.08 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 68,500.00 | 0.88 % | |
| R2 | 68,100.00 | 0.295 % | ||
| R1 | 68,000.00 | 0.147 % | ||
| Current price | 67,900.00 | |||
| Support | S1 | 67,600.00 | -0.442% | |
| S2 | 67,500.00 | -0.589% | ||
| S3 | 67,300.00 | -0.88% |
005305 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 22, 2024 | ₩3,305.00 | 4.88% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩3,305.00 | 4.43% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩3,005.00 | 4.26% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩2,705.00 | 4.48% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩2,705.00 | 3.77% |
FAQ
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