LS ELECTRIC Co., Ltd. Stock Forecast
LS ELECTRIC Co., Ltd. stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on May 09, 2024)
The LS ELECTRIC Co., Ltd. stock price gained 3.82% on the last trading day (Thursday, 9th May 2024), rising from ₩164,900.00 to ₩171,200.00. It has now gained 3 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 6.55% from a day low at ₩163,300.00 to a day high of ₩174,000.00. The price has risen in 7 of the last 10 days and is up by 11.75% 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, 375 thousand more shares were traded than the day before. In total, 858 thousand shares were bought and sold for approximately ₩146.95 billion.
The stock lies in the middle of a very wide and strong 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 180.04% during the next 3 months and, with a 90% probability hold a price between ₩393,925.29 and ₩523,575.57 at the end of this 3-month period.
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010120.KS Signals & Forecast
The LS ELECTRIC 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 ₩168,300.00 and ₩130,902.86. A breakdown below any of these levels will issue sell signals. 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 -3.06%. 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).
Support, Risk & Stop-loss for LS ELECTRIC Co., Ltd. stock
LS ELECTRIC Co., Ltd. finds support from accumulated volume at ₩167,000.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 ₩10,700.00 between high and low, or 6.55%. For the last week, the stock has had daily average volatility of 5.85%.
Our recommended stop-loss: ₩163,260.90 (-4.64%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (010120.KS) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect LS ELECTRIC Co., Ltd. to open at ₩169,500.00, and during the day (based on 14 day Average True Range), to move between ₩159,283.66 and ₩183,116.34, which gives a possible trading interval of +/-₩11,916.34 (+/-6.96%) up or down from last closing price. If LS ELECTRIC Co., Ltd. takes out the full calculated possible swing range there will be an estimated 13.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩173,300.00 (1.23%) than the support at ₩167,000.00 (2.45%), 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 LS ELECTRIC 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 LS ELECTRIC Co., Ltd. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.111 Buy Candidate Upgraded
Predicted Opening Price for LS ELECTRIC Co., Ltd. of Friday, May 10, 2024
Fair opening price May 10, 2024 | Current price |
---|---|
₩169,500.00 ( 0.99%) | ₩171,200.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 010120.KS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 180,200.00 | 5.26 % | |
R2 | 176,112.60 | 2.87 % | ||
R1 | 173,587.40 | 1.39 % | ||
Current price: | 171,200.00 | |||
Support | S1 | 165,412.60 | -3.38 % | |
S2 | 162,887.40 | -4.86 % | ||
S3 | 158,800.00 | -7.24 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 176,600.00 | 3.15 % | ||
R1 | 173,300.00 | 1.23 % | ||
Current price | 171,200.00 | |||
Support | S1 | 167,000.00 | -2.45% | |
S2 | 163,900.00 | -4.26% | ||
S3 | 139,700.00 | -18.40% |
010120 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 27, 2023 | Dec 27, 2023 | Apr 08, 2024 | ₩1,100.00 | 0.89% |
2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩1,100.00 | 1.90% |
3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩1,000.00 | 1.79% |
4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩1,100.00 | 1.80% |
5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩1,200.00 | 2.23% |
FAQ
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