LS ELECTRIC Co., Ltd. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
High volatility in LS ELECTRIC Co., Ltd. stock price on Monday which ended trading at ₩211,500.00
(Updated on May 20, 2024)
The LS ELECTRIC Co., Ltd. stock price gained 10.16% on the last trading day (Monday, 20th May 2024), rising from ₩192,000.00 to ₩211,500.00. During the last trading day the stock fluctuated 15.98% from a day low at ₩194,000.00 to a day high of ₩225,000.00. The price has risen in 6 of the last 10 days and is up by 26.27% 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, 875 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately ₩397.05 billion.
The stock has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at ₩209,619.60, a level that may pose a second chance to hit a runner. According to fan-theory ₩238,129.40 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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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 ₩184,785.71 and ₩147,125.71. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 03, 2024, and so far it has risen 32.35%. Further rise is indicated until a new top pivot has been found. 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. 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
On the downside, the stock finds support just below today's level from accumulated volume at ₩173,300.00 and ₩167,000.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, LS ELECTRIC Co., Ltd. finds support just below today's level at ₩173,300.00. If this is broken, then the next support from accumulated volume will be at ₩167,000.00 and ₩163,900.00.
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 ₩31,000.00 between high and low, or 15.98%. For the last week, the stock has had daily average volatility of 11.15%.
Our recommended stop-loss: ₩204,097.50 (-3.50%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (010120.KS) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect LS ELECTRIC Co., Ltd. to open at ₩210,166.67, and during the day (based on 14 day Average True Range), to move between ₩196,861.88 and ₩226,138.12, which gives a possible trading interval of +/-₩14,638.12 (+/-6.92%) 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 13.84% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₩173,300.00, some ₩38,200.00 (18.06%) from the current price of ₩211,500.00, our system finds the risk reward attractive.
Is LS ELECTRIC Co., Ltd. stock A Buy?
LS ELECTRIC Co., Ltd. holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 8.656 Strong Buy Candidate Upgraded
Predicted Opening Price for LS ELECTRIC Co., Ltd. of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| ₩210,166.67 ( 0.630%) | ₩211,500.00 |
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 | 241,166.67 | 14.03 % | |
| R2 | 229,324.67 | 8.43 % | ||
| R1 | 222,008.67 | 4.97 % | ||
| Current price: | 211,500.00 | |||
| Support | S1 | 198,324.67 | -6.23 % | |
| S2 | 191,008.67 | -9.69 % | ||
| S3 | 179,166.67 | -15.29 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 211,500.00 | |||
| Support | S1 | 173,300.00 | -18.06% | |
| S2 | 167,000.00 | -21.04% | ||
| S3 | 163,900.00 | -22.51% |
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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