Shinsung E&G Co., Ltd. Stock Forecast
Shinsung E&G Co., Ltd. stock price up 0.662% on Friday
(Updated on May 17, 2024)
The Shinsung E&G Co., Ltd. stock price gained 0.662% on the last trading day (Friday, 17th May 2024), rising from ₩2,265.00 to ₩2,280.00. It has now gained 4 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 4.73% from a day low at ₩2,220.00 to a day high of ₩2,325.00. The price has risen in 7 of the last 10 days and is up by 5.8% 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, 945 thousand more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately ₩9.87 billion.
The stock lies in the middle of a wide 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 6.27% during the next 3 months and, with a 90% probability hold a price between ₩2,253.68 and ₩2,708.74 at the end of this 3-month period.
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011930.KS Signals & Forecast
Mostly positive signals in the chart today. The Shinsung E&G Co., Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ₩2,208.57 and ₩2,220.71. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 9.62%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Shinsung E&G Co., Ltd. stock
Shinsung E&G Co., Ltd. finds support from accumulated volume at ₩2,250.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ₩105.00 (4.73%) between high and low. For the last week, the stock has had daily average volatility of 4.48%.
Our recommended stop-loss: ₩2,168.03 (-4.91%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (011930.KS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Shinsung E&G Co., Ltd. to open at ₩2,275.00, and during the day (based on 14 day Average True Range), to move between ₩2,188.29 and ₩2,371.71, which gives a possible trading interval of +/-₩91.71 (+/-4.02%) up or down from last closing price. If Shinsung E&G Co., Ltd. takes out the full calculated possible swing range there will be an estimated 8.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩2,250.00 (1.32%) than the resistance at ₩2,330.00 (2.19%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Shinsung E&G 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 Shinsung E&G Co., Ltd. stock to perform well in the short-term.
Current score: 3.314 Buy Candidate Unchanged
Predicted Opening Price for Shinsung E&G Co., Ltd. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ₩2,275.00 ( 0.219%) | ₩2,280.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 011930.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,380.00 | 4.39 % | |
| R2 | 2,339.89 | 2.63 % | ||
| R1 | 2,315.11 | 1.54 % | ||
| Current price: | 2,280.00 | |||
| Support | S1 | 2,234.89 | -1.98 % | |
| S2 | 2,210.11 | -3.07 % | ||
| S3 | 2,170.00 | -4.82 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,470.00 | 8.33 % | |
| R2 | 2,460.00 | 7.89 % | ||
| R1 | 2,330.00 | 2.19 % | ||
| Current price | 2,280.00 | |||
| Support | S1 | 2,250.00 | -1.32% | |
| S2 | 2,215.00 | -2.85% | ||
| S3 | 2,160.00 | -5.26% |
011930 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 29, 2010 | Dec 29, 2010 | Dec 29, 2010 | ₩20.19 | 0.316% |
| 2 | Dec 29, 2008 | Dec 29, 2008 | Dec 29, 2008 | ₩17.29 | 0.437% |
| 3 | Dec 27, 2007 | Dec 27, 2007 | Dec 27, 2007 | ₩17.29 | 0.485% |
| 4 | Dec 27, 2006 | Dec 27, 2006 | Dec 27, 2006 | ₩41.49 | 1.66% |
| 5 | Dec 28, 2005 | Dec 28, 2005 | Dec 28, 2005 | ₩41.49 | 1.40% |
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