LS Corp. Stock Forecast
LS Corp. stock upgraded from Hold/Accumulate to Strong Buy Candidate after Friday trading session.
(Updated on May 17, 2024)
The LS Corp. stock price gained 3.41% on the last trading day (Friday, 17th May 2024), rising from ₩161,500.00 to ₩167,000.00. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 9.72% from a day low at ₩159,500.00 to a day high of ₩175,000.00. The price has risen in 7 of the last 10 days and is up by 20.93% 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, 406 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately ₩204.49 billion.
The stock has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at ₩149,662.71, a level that may pose a second chance to hit a runner. According to fan-theory ₩169,106.78 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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006260.KS Signals & Forecast
Mostly positive signals in the chart today. The LS Corp. 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 ₩151,800.00 and ₩126,397.14. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 03, 2024, and so far it has risen 28.86%. 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 LS Corp. stock
On the downside, the stock finds support just below today's level from accumulated volume at ₩150,300.00 and ₩138,300.00. 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, LS Corp. finds support just below today's level at ₩150,300.00. If this is broken, then the next support from accumulated volume will be at ₩138,300.00 and ₩126,700.00.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₩15,500.00 between high and low, or 9.72%. For the last week, the stock has had daily average volatility of 8.20%.
The LS Corp. stock is extremely overbought on RSI14 (80). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stop-loss: ₩161,322.00 (-3.40%) (This stock has high daily movements and this gives high risk. The RSI14 is 80 and this increases the risk substantially. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (006260.KS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect LS Corp. to open at ₩167,166.67, and during the day (based on 14 day Average True Range), to move between ₩156,943.24 and ₩177,056.76, which gives a possible trading interval of +/-₩10,056.76 (+/-6.02%) up or down from last closing price. If LS Corp. takes out the full calculated possible swing range there will be an estimated 12.04% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₩150,300.00, some ₩16,700.00 (10.00%) from the current price of ₩167,000.00, our system finds the risk reward attractive.
Is LS Corp. stock A Buy?
Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for LS Corp. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.
Current score: 7.406 Strong Buy Candidate Upgraded
Predicted Opening Price for LS Corp. of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
₩167,166.67 ( 0.0998%) | ₩167,000.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 006260.KS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 182,666.67 | 9.38 % | |
R2 | 176,745.67 | 5.84 % | ||
R1 | 173,087.67 | 3.65 % | ||
Current price: | 167,000.00 | |||
Support | S1 | 161,245.67 | -3.45 % | |
S2 | 157,587.67 | -5.64 % | ||
S3 | 151,666.67 | -9.18 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 167,000.00 | |||
Support | S1 | 150,300.00 | -10.00% | |
S2 | 138,300.00 | -17.19% | ||
S3 | 126,700.00 | -24.13% |
006260 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 27, 2023 | Dec 27, 2023 | Apr 08, 2024 | ₩1,550.00 | 1.40% |
2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩1,550.00 | 2.15% |
3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩1,450.00 | 2.69% |
4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩1,450.00 | 2.01% |
5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩1,450.00 | 3.05% |
FAQ
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