NH Investment & Securities Co., Ltd. Stock Forecast
NH Investment & Securities Co., Ltd. stock downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 31, 2024)
The NH Investment & Securities Co., Ltd. stock price fell by -0.163% on the last day (Friday, 31st May 2024) from ₩12,300.00 to ₩12,280.00. During the last trading day the stock fluctuated 1.71% from a day low at ₩12,250.00 to a day high of ₩12,460.00. The price has fallen in 8 of the last 10 days and is down by -5.03% for this period. Volume has increased on the last day by 1 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately ₩19.97 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 2.22% during the next 3 months and, with a 90% probability hold a price between ₩11,381.09 and ₩13,605.13 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
005940.KS Signals & Forecast
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 ₩12,278.57 and ₩12,106.29. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 0.738%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for NH Investment & Securities Co., Ltd. stock
NH Investment & Securities Co., Ltd. finds support from accumulated volume at ₩12,050.00 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 ₩210.00 between high and low, or 1.71%. For the last week the stock has had daily average volatility of 1.81%.
Our recommended stop-loss: ₩11,639.92 (-5.21%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (005940.KS) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect NH Investment & Securities Co., Ltd. to open at ₩12,330.00, and during the day (based on 14 day Average True Range), to move between ₩12,033.84 and ₩12,526.16, which gives a possible trading interval of +/-₩246.16 (+/-2.00%) 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 4.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩12,050.00 (1.87%) than the resistance at ₩12,840.00 (4.56%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is NH Investment & Securities Co., Ltd. stock A Buy?
NH Investment & Securities 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: 0.389 Hold/Accumulate Downgraded
Predicted Opening Price for NH Investment & Securities Co., Ltd. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| ₩12,330.00 ( 0.407%) | ₩12,280.00 |
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 | 12,540.00 | 2.12 % | |
| R2 | 12,459.78 | 1.46 % | ||
| R1 | 12,410.22 | 1.06 % | ||
| Current price: | 12,280.00 | |||
| Support | S1 | 12,249.78 | -0.246 % | |
| S2 | 12,200.22 | -0.650 % | ||
| S3 | 12,120.00 | -1.30 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13,060.00 | 6.35 % | |
| R2 | 12,930.00 | 5.29 % | ||
| R1 | 12,840.00 | 4.56 % | ||
| Current price | 12,280.00 | |||
| Support | S1 | 12,050.00 | -1.87% | |
| S2 | 11,790.00 | -3.99% | ||
| S3 | 11,280.00 | -8.14% |
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
Click here for our free guide on how to buy NH Investment & Securities Co., Ltd. Stock.
