GMB Korea Corp. Stock Forecast
GMB Korea Corp. stock price ended at ₩4,510.00 on Friday, after losing 0%.
(Updated on Jun 28, 2024)
No changes to the price of GMB Korea Corp. stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 2.46% from a day low at ₩4,480.00 to a day high of ₩4,590.00. The price has risen in 8 of the last 10 days and is up by 3.09% over the past 2 weeks.
The stock lies in the upper part of a narrow 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 ₩4,513.06 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 4.24% during the next 3 months and, with a 90% probability hold a price between ₩4,549.81 and ₩4,704.31 at the end of this 3-month period.
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013870.KS Signals & Forecast
The GMB Korea Corp. 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 ₩4,481.43 and ₩4,416.14. 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, June 27, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for GMB Korea Corp. stock
GMB Korea Corp. finds support from accumulated volume at ₩4,500.00 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 ₩110.00 between high and low, or 2.46%. For the last week the stock has had daily average volatility of 2.18%.
Our recommended stop-loss: ₩4,348.54 (-3.58%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 49 days ago.)
Trading Expectations (013870.KS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect GMB Korea Corp. to open at ₩4,526.67, and during the day (based on 14 day Average True Range), to move between ₩4,433.42 and ₩4,586.58, which gives a possible trading interval of +/-₩76.58 (+/-1.70%) up or down from last closing price. If GMB Korea Corp. takes out the full calculated possible swing range there will be an estimated 3.40% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₩4,500.00, some ₩10.00 (0.22%) from the current price of ₩4,510.00, our system finds the risk reward attractive.
Is GMB Korea Corp. 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 GMB Korea Corp. stock to perform well in the short-term.
Current score: 1.368 Buy Candidate Unchanged
Predicted Opening Price for GMB Korea Corp. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ₩4,526.67 ( 0.370%) | ₩4,510.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 013870.KS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4,636.67 | 2.81% |
| R2 | 4,594.65 | 1.88% |
| R1 | 4,568.69 | 1.30% |
| Price | 4,510.00 | |
| S1 | 4,484.65 | -0.562% |
| S2 | 4,458.69 | -1.14% |
| S3 | 4,416.67 | -2.07% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 4,510.00 | |
| S1 | 4,500.00 | -0.222% |
| S2 | 4,400.00 | -2.44% |
| S3 | 4,305.00 | -4.55% |
013870 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 22, 2024 | ₩80.00 | 1.89% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩80.00 | 1.77% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩80.00 | 1.35% |
| 4 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩30.00 | 0.634% |
| 5 | Dec 27, 2018 | Dec 27, 2018 | Dec 27, 2018 | ₩30.00 | 0.380% |
FAQ
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