Kyeryong Construction Industrial Co., Stock Forecast
Red day on Wednesday for Kyeryong Construction Industrial Co.,
(Updated on Jun 26, 2024)
The Kyeryong Construction Industrial Co., stock price fell by -1.03% on the last day (Wednesday, 26th Jun 2024) from ₩13,650.00 to ₩13,510.00. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 2.07% from a day low at ₩13,510.00 to a day high of ₩13,790.00. The price has fallen in 8 of the last 10 days and is down by -2.38% for this period. Volume has increased on the last day by 3 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 19 thousand shares were bought and sold for approximately ₩259.39 million.
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 2.63% during the next 3 months and, with a 90% probability hold a price between ₩13,355.75 and ₩14,779.14 at the end of this 3-month period.
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013580.KS Signals & Forecast
There are few to no technical positive signals at the moment. The Kyeryong Construction Industrial Co., stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₩13,717.14 and ₩13,864.57. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -5.13%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Kyeryong Construction Industrial Co., stock
Kyeryong Construction Industrial Co., finds support from accumulated volume at ₩13,480.00 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 ₩280.00 between high and low, or 2.07%. For the last week the stock has had daily average volatility of 1.82%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (013580.KS) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Kyeryong Construction Industrial Co., Ltd. to open at ₩13,603.33, and during the day (based on 14 day Average True Range), to move between ₩13,265.27 and ₩13,754.73, which gives a possible trading interval of +/-₩244.73 (+/-1.81%) up or down from last closing price. If Kyeryong Construction Industrial Co., Ltd. takes out the full calculated possible swing range there will be an estimated 3.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩13,480.00 (0.22%) than the resistance at ₩13,840.00 (2.44%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Kyeryong Construction Industrial Co., Ltd. stock A Buy?
The Kyeryong Construction Industrial Co., stock holds several negative signals and despite the positive trend, we believe Kyeryong Construction Industrial Co., will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.028 Sell Candidate Unchanged
Predicted Opening Price for Kyeryong Construction Industrial Co., Ltd. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| ₩13,603.33 ( 0.691%) | ₩13,510.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 013580.KS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13,883.33 | 2.76% |
| R2 | 13,776.37 | 1.97% |
| R1 | 13,710.29 | 1.48% |
| Price | 13,510.00 | |
| S1 | 13,496.37 | -0.101% |
| S2 | 13,430.29 | -0.590% |
| S3 | 13,323.33 | -1.38% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14,340.00 | 6.14% |
| R2 | 14,210.00 | 5.18% |
| R1 | 13,840.00 | 2.44% |
| Price | 13,510.00 | |
| S1 | 13,480.00 | -0.222% |
| S2 | 13,220.00 | -2.15% |
| S3 | 12,960.00 | -4.07% |
013580 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 22, 2024 | ₩500.00 | 3.79% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩500.00 | 2.77% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩800.00 | 2.42% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩600.00 | 2.19% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩600.00 | 2.98% |
FAQ
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