Kyung Dong Navien Co., Ltd. Stock Forecast
Evaluation of Kyung Dong Navien Co., Ltd. stock downgraded after the last trading session.
(Updated on May 17, 2024)
The Kyung Dong Navien Co., Ltd. stock price fell by -2.66% on the last day (Friday, 17th May 2024) from ₩50,800.00 to ₩49,450.00. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 4.73% from a day low at ₩48,600.00 to a day high of ₩50,900.00. The price has fallen in 7 of the last 10 days and is down by -17.31% for this period. Volume has increased on the last day by 66 thousand 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, 124 thousand shares were bought and sold for approximately ₩6.12 billion.
Given the current short-term trend, the stock is expected to rise 2.58% during the next 3 months and, with a 90% probability hold a price between ₩50,726.84 and ₩61,762.86 at the end of this 3-month period.
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009450.KS Signals & Forecast
There are few to no technical positive signals at the moment. The Kyung Dong Navien Co., Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₩52,678.57 and ₩54,915.71. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 26, 2024, and so far it has fallen -17.45%. Further fall is indicated until a new bottom pivot has been found. 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 Kyung Dong Navien Co., Ltd. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 ₩2,300.00 between high and low, or 4.73%. For the last week, the stock has had daily average volatility of 5.16%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (009450.KS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Kyung Dong Navien Co., Ltd. to open at ₩49,650.00, and during the day (based on 14 day Average True Range), to move between ₩46,934.58 and ₩51,965.42, which gives a possible trading interval of +/-₩2,515.42 (+/-5.09%) up or down from last closing price. If Kyung Dong Navien Co., Ltd. takes out the full calculated possible swing range there will be an estimated 10.17% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ ₩56,300.00, some ₩6,850.00 (13.85%) from the current price of ₩49,450.00, our system finds the risk reward not very attractive.
Is Kyung Dong Navien Co., Ltd. stock A Buy?
The Kyung Dong Navien Co., Ltd. stock holds several negative signals and despite the positive trend, we believe Kyung Dong Navien Co., Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.484 Sell Candidate Downgraded
Predicted Opening Price for Kyung Dong Navien Co., Ltd. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ₩49,650.00 ( 0.404%) | ₩49,450.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 009450.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 51,950.00 | 5.06 % | |
| R2 | 51,071.40 | 3.28 % | ||
| R1 | 50,528.60 | 2.18 % | ||
| Current price: | 49,450.00 | |||
| Support | S1 | 48,771.40 | -1.37 % | |
| S2 | 48,228.60 | -2.47 % | ||
| S3 | 47,350.00 | -4.25 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 58,500.00 | 18.30 % | |
| R2 | 57,600.00 | 16.48 % | ||
| R1 | 56,300.00 | 13.85 % | ||
| Current price | 49,450.00 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
009450 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 08, 2024 | ₩500.00 | 0.91% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩500.00 | 1.47% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩450.00 | 0.83% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩350.00 | 0.672% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩300.00 | 0.635% |
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