GS Engineering & Construction Corp Stock Forecast

Stronger technical forecast for GS Engineering & Construction Corp stock price after Monday trading.
(Updated on May 20, 2024)

006360.KS Signals & Forecast

The GS Engineering & Construction Corp stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₩15,765.71. On a fall, the stock will find some support from the long-term average at approximately ₩15,241.14. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. 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 Tuesday, April 30, 2024, and so far it has fallen -5.04%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for GS Engineering & Construction Corp stock

GS Engineering & Construction Corp finds support from accumulated volume at ₩15,640.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 ₩340.00 between high and low, or 2.19%. For the last week, the stock has had daily average volatility of 2.42%.

Our recommended stop-loss: ₩15,061.56 (-3.76%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 20 days ago.)

Trading Expectations (006360.KS) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect GS Engineering & Construction Corporation to open at ₩15,663.33, and during the day (based on 14 day Average True Range), to move between ₩15,264.63 and ₩16,035.37, which gives a possible trading interval of +/-₩385.37 (+/-2.46%) up or down from last closing price. If GS Engineering & Construction Corporation takes out the full calculated possible swing range there will be an estimated 4.92% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₩15,640.00 (0.06%) than the resistance at ₩15,740.00 (0.58%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is GS Engineering & Construction Corporation stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for GS Engineering & Construction 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 Buy candidate.

Current score: 2.297 Buy Candidate Upgraded

Predicted Opening Price for GS Engineering & Construction Corporation of Tuesday, May 21, 2024

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