Hotel Shilla Co.,Ltd Stock Forecast
Hotel Shilla Co.,Ltd stock downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 10, 2024)
No changes to the price of Hotel Shilla Co.,Ltd stock on the last trading day (Friday, 10th May 2024). During the last trading day the stock fluctuated 1.35% from a day low at ₩59,300.00 to a day high of ₩60,100.00. The price has risen in 6 of the last 10 days and is up by 3.47% over the past 2 weeks.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.17% during the next 3 months and, with a 90% probability hold a price between ₩53,404.82 and ₩60,044.29 at the end of this 3-month period.
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008770.KS Signals & Forecast
The Hotel Shilla 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 ₩58,928.57 and ₩58,797.14. 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). 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 09, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for Hotel Shilla Co.,Ltd stock
Hotel Shilla Co.,Ltd finds support from accumulated volume at ₩59,400.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ₩800.00 (1.35%) between high and low. For the last week, the stock has had daily average volatility of 1.53%.
Our recommended stop-loss: ₩57,370.96 (-3.74%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (008770.KS) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Hotel Shilla Co.,Ltd to open at ₩59,666.67, and during the day (based on 14 day Average True Range), to move between ₩58,339.67 and ₩60,860.33, which gives a possible trading interval of +/-₩1,260.33 (+/-2.11%) up or down from last closing price. If Hotel Shilla Co.,Ltd takes out the full calculated possible swing range there will be an estimated 4.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩59,800.00 (0.34%) than the support at ₩59,400.00 (0.34%), 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 Hotel Shilla Co.,Ltd stock A Buy?
Hotel Shilla 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: -0.330 Hold/Accumulate Downgraded
Predicted Opening Price for Hotel Shilla Co.,Ltd of Monday, May 13, 2024
Fair opening price May 13, 2024 | Current price |
---|---|
₩59,666.67 ( 0.112%) | ₩59,600.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 008770.KS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 60,466.67 | 1.45 % | |
R2 | 60,161.07 | 0.94 % | ||
R1 | 59,972.27 | 0.625 % | ||
Current price: | 59,600.00 | |||
Support | S1 | 59,361.07 | -0.401 % | |
S2 | 59,172.27 | -0.718 % | ||
S3 | 58,866.67 | -1.23 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 62,900.00 | 5.54 % | |
R2 | 60,100.00 | 0.84 % | ||
R1 | 59,800.00 | 0.336 % | ||
Current price | 59,600.00 | |||
Support | S1 | 59,400.00 | -0.336% | |
S2 | 58,000.00 | -2.68% | ||
S3 | 57,500.00 | -3.52% |
008770 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 27, 2023 | Dec 27, 2023 | Apr 15, 2024 | ₩200.00 | 0.349% |
2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩200.00 | 0.236% |
3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩200.00 | 0.255% |
4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩200.00 | 0.246% |
5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩350.00 | 0.401% |
FAQ
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