Korea Zinc Company, Ltd. Stock Forecast
Red day on Friday for Korea Zinc Company, Ltd. stock after losing 0.389%
(Updated on May 17, 2024)
The Korea Zinc Company, Ltd. stock price fell by -0.389% on the last day (Friday, 17th May 2024) from ₩514,000.00 to ₩512,000.00. During the last trading day the stock fluctuated 3.19% from a day low at ₩502,000.00 to a day high of ₩518,000.00. The price has risen in 6 of the last 10 days and is up by 10.46% 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 -39 thousand shares and in total, 60 thousand shares were bought and sold for approximately ₩30.69 billion.
The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at ₩514,630.19 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 7.79% during the next 3 months and, with a 90% probability hold a price between ₩496,568.69 and ₩554,706.80 at the end of this 3-month period.
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010130.KS Signals & Forecast
The Korea Zinc Company, 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 ₩499,142.86 and ₩470,157.14. 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 16, 2024, and so far it has fallen -0.389%. 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 Thursday, December 21, 2023 in the long-term chart.
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.
Golden Star 12 Months
The stock had a Golden Star Signal on Thursday, December 21, 2023 in the long-term chart.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 Korea Zinc Company, Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at ₩472,000.00 and ₩460,000.00. 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, Korea Zinc Company, Ltd. finds support just below today's level at ₩472,000.00. If this is broken, then the next support from accumulated volume will be at ₩460,000.00 and ₩456,000.00.
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 ₩16,000.00 between high and low, or 3.19%. For the last week, the stock has had daily average volatility of 2.72%.
The Korea Zinc Company, Ltd. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: ₩493,834.96 (-3.55%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 80 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (010130.KS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Korea Zinc Company, Ltd. to open at ₩510,666.67, and during the day (based on 14 day Average True Range), to move between ₩499,785.16 and ₩524,214.84, which gives a possible trading interval of +/-₩12,214.84 (+/-2.39%) up or down from last closing price. If Korea Zinc Company, Ltd. takes out the full calculated possible swing range there will be an estimated 4.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩514,000.00 (0.39%) than the support at ₩472,000.00 (7.81%), 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 Korea Zinc Company, Ltd. stock A Buy?
Korea Zinc Company, 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.
Current score: 0.574 Hold/Accumulate Unchanged
Predicted Opening Price for Korea Zinc Company, Ltd. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ₩510,666.67 ( 0.260%) | ₩512,000.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 010130.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 526,666.67 | 2.86 % | |
| R2 | 520,554.67 | 1.67 % | ||
| R1 | 516,778.67 | 0.93 % | ||
| Current price: | 512,000.00 | |||
| Support | S1 | 504,554.67 | -1.45 % | |
| S2 | 500,778.67 | -2.19 % | ||
| S3 | 494,666.67 | -3.39 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 514,000.00 | 0.391 % | ||
| Current price | 512,000.00 | |||
| Support | S1 | 472,000.00 | -7.81% | |
| S2 | 460,000.00 | -10.16% | ||
| S3 | 456,000.00 | -10.94% |
010130 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Mar 01, 2024 | ₩5,000.00 | 1.12% |
| 2 | Jun 29, 2023 | Jun 29, 2023 | Aug 24, 2023 | ₩10,000.00 | 2.09% |
| 3 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩20,000.00 | 3.48% |
| 4 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩20,000.00 | 3.82% |
| 5 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩15,000.00 | 3.72% |
FAQ
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