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AI Analysis of 009580.KS
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Moorim P&P Co., Ltd. stock price down 0.314% on Friday
(Updated on Jun 14, 2024)

Buy or Hold candidate since May 24, 2024 Gain 2.26% PDF

The Moorim P&P Co., Ltd. stock price fell by -0.314% on the last day (Friday, 14th Jun 2024) from ₩3,180.00 to ₩3,170.00. During the last trading day the stock fluctuated 1.27% from a day low at ₩3,160.00 to a day high of ₩3,200.00. The price has risen in 6 of the last 10 days and is up by 2.26% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -8 thousand shares and in total, 39 thousand shares were bought and sold for approximately ₩124.67 million.

The stock lies in the middle of a narrow 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 2.99% during the next 3 months and, with a 90% probability hold a price between ₩3,171.27 and ₩3,317.66 at the end of this 3-month period.

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009580.KS Signals & Forecast

The Moorim P&P 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 ₩3,166.43 and ₩3,116.00. 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 Wednesday, June 12, 2024, and so far it has fallen -1.09%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Monday, April 22, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, May 27, 2024.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Monday, April 22, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, May 27, 2024.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Monday, April 22, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, May 27, 2024.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Moorim P&P Co., Ltd. stock

Moorim P&P Co., Ltd. finds support from accumulated volume at ₩3,115.00 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 ₩40.00 between high and low, or 1.27%. For the last week the stock has had daily average volatility of 1.40%.

Our recommended stop-loss: ₩3,040.25 (-4.09%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 38 days ago.)

Trading Expectations (009580.KS) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect Moorim P&P Co., Ltd. to open at ₩3,176.67, and during the day (based on 14 day Average True Range), to move between ₩3,122.61 and ₩3,217.39, which gives a possible trading interval of +/-₩47.39 (+/-1.49%) up or down from last closing price. If Moorim P&P Co., Ltd. takes out the full calculated possible swing range there will be an estimated 2.99% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₩3,175.00 (0.16%) than the support at ₩3,115.00 (1.74%), 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 Moorim P&P Co., Ltd. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Moorim P&P Co., Ltd. stock to perform well in the short-term.

Current score: 2.860 Buy Candidate Unchanged

Predicted Opening Price for Moorim P&P Co., Ltd. of Monday, June 17, 2024

Fair opening price June 17, 2024 Current price
₩3,176.67 ( 0.210%) ₩3,170.00

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

Trading levels for 009580.KS

Fibonacci Support & Resistance Levels

Level Price
R3 3,216.67 1.47%
R2 3,201.39 0.99%
R1 3,191.95 0.692%
Price 3,170.00
S1 3,161.39 -0.272%
S2 3,151.95 -0.570%
S3 3,136.67 -1.05%

Accumulated Volume Support & Resistance Levels

Level Price
R3 3,205.00 1.10%
R2 3,195.00 0.789%
R1 3,175.00 0.158%
Price 3,170.00
S1 3,115.00 -1.74%
S2 3,100.00 -2.21%
S3 3,080.00 -2.84%

009580 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Dec 27, 2023 Dec 27, 2023 Apr 08, 2024 ₩150.00 4.83%
2 Dec 28, 2022 Dec 28, 2022 Dec 28, 2022 ₩150.00 3.38%
3 Dec 29, 2021 Dec 29, 2021 Dec 29, 2021 ₩125.00 2.91%
4 Dec 29, 2020 Dec 29, 2020 Dec 29, 2020 ₩125.00 3.51%
5 Dec 27, 2019 Dec 27, 2019 Dec 27, 2019 ₩175.00 4.07%

FAQ

What is the symbol for Moorim P&P Co., Ltd. Stock and on which exchange is it traded?
The symbol for Moorim P&P Co., Ltd. is 009580.KS and it is traded on the KSE (Korea Exchange).

Should I buy or sell Moorim P&P Co., Ltd. Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Moorim P&P Co., Ltd. stock to perform well in the short-term.

How to buy Moorim P&P Co., Ltd. Stock?
Moorim P&P Co., Ltd. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Moorim P&P Co., Ltd. Stock.

What's the current price of Moorim P&P Co., Ltd. Stock?
As of the end of day on the Jun 14, 2024, the price of an Moorim P&P Co., Ltd. (009580.KS) share was ₩3,170.00.

What is the 52-week high and low for Moorim P&P Co., Ltd. Stock?
The 52-week high for Moorim P&P Co., Ltd. Stock is ₩3,835.00 and the 52-week low is ₩2,975.00.

What is the market capitalization of Moorim P&P Co., Ltd. Stock?
As of the Jun 14, 2024, the market capitalization of Moorim P&P Co., Ltd. is 198.317B.

When is the next earnings date for Moorim P&P Co., Ltd.?
The upcoming earnings date for Moorim P&P Co., Ltd. is Aug 09, 2024.
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