NH Investment & Securities Co., Ltd. Stock Forecast
NH Investment & Securities Co., Ltd. stock upgraded to Buy Candidate.
(Updated on May 10, 2024)
The NH Investment & Securities Co., Ltd. stock price gained 2.17% on the last trading day (Friday, 10th May 2024), rising from ₩12,430.00 to ₩12,700.00. During the last trading day the stock fluctuated 3.56% from a day low at ₩12,350.00 to a day high of ₩12,790.00. The price has risen in 8 of the last 10 days and is up by 8.36% 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, 154 thousand more shares were traded than the day before. In total, 796 thousand shares were bought and sold for approximately ₩10.11 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 2.62% during the next 3 months and, with a 90% probability hold a price between ₩11,372.63 and ₩13,626.75 at the end of this 3-month period.
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005940.KS Signals & Forecast
Mostly positive signals in the chart today. The NH Investment & Securities 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 ₩12,500.00 and ₩11,928.00. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 15.56%. Further rise is indicated until a new top pivot has been found. 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.
Support, Risk & Stop-loss for NH Investment & Securities Co., Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at ₩11,790.00 and ₩11,550.00. 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, NH Investment & Securities Co., Ltd. finds support just below today's level at ₩11,790.00. If this is broken, then the next support from accumulated volume will be at ₩11,550.00 and ₩11,280.00.
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 ₩440.00 between high and low, or 3.56%. For the last week, the stock has had daily average volatility of 2.14%.
Our recommended stop-loss: ₩12,172.29 (-4.16%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (005940.KS) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect NH Investment & Securities Co., Ltd. to open at ₩12,613.33, and during the day (based on 14 day Average True Range), to move between ₩12,407.24 and ₩12,992.76, which gives a possible trading interval of +/-₩292.76 (+/-2.31%) up or down from last closing price. If NH Investment & Securities Co., Ltd. takes out the full calculated possible swing range there will be an estimated 4.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩12,840.00 (1.10%) than the support at ₩11,790.00 (7.17%), 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 NH Investment & Securities 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 NH Investment & Securities 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: 4.726 Buy Candidate Upgraded
Predicted Opening Price for NH Investment & Securities Co., Ltd. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| ₩12,613.33 ( 0.682%) | ₩12,700.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 005940.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13,053.33 | 2.78 % | |
| R2 | 12,885.25 | 1.46 % | ||
| R1 | 12,781.41 | 0.641 % | ||
| Current price: | 12,700.00 | |||
| Support | S1 | 12,445.25 | -2.01 % | |
| S2 | 12,341.41 | -2.82 % | ||
| S3 | 12,173.33 | -4.15 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13,060.00 | 2.83 % | |
| R2 | 12,930.00 | 1.81 % | ||
| R1 | 12,840.00 | 1.10 % | ||
| Current price | 12,700.00 | |||
| Support | S1 | 11,790.00 | -7.17% | |
| S2 | 11,550.00 | -9.06% | ||
| S3 | 11,280.00 | -11.18% |
005940 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Apr 01, 2024 | ₩800.00 | 7.09% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩700.00 | 7.80% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩1,050.00 | 8.30% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩700.00 | 6.28% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩500.00 | 3.86% |
FAQ
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