Korea Environment Technology Co., LTD. Stock Forecast
Red day on Wednesday for Korea Environment Technology Co., LTD. stock after losing 0.87%
(Updated on May 29, 2024)
The Korea Environment Technology Co., LTD. stock price fell by -0.87% on the last day (Wednesday, 29th May 2024) from ₩6,910.00 to ₩6,850.00. During the last trading day the stock fluctuated 1.32% from a day low at ₩6,830.00 to a day high of ₩6,920.00. The price has fallen in 7 of the last 10 days and is down by -2.7% for this period. Volume has increased on the last day by 13 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, 45 thousand shares were bought and sold for approximately ₩307.15 million.
Given the current short-term trend, the stock is expected to rise 3.36% during the next 3 months and, with a 90% probability hold a price between ₩7,080.26 and ₩7,317.67 at the end of this 3-month period.
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029960.KQ Signals & Forecast
There are few to no technical positive signals at the moment. The Korea Environment Technology Co., LTD. 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 ₩6,911.43 and ₩6,921.71. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 14, 2024, and so far it has fallen -2.70%. 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. The stock had a Golden Star Signal on Thursday, April 18, 2024 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, April 18, 2024 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 Environment Technology Co., LTD. stock
Korea Environment Technology Co., LTD. finds support from accumulated volume at ₩6,840.00 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 ₩90.00 between high and low, or 1.32%. For the last week the stock has had daily average volatility of 1.08%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (029960.KQ) For The Upcoming Trading Day Of Thursday 30th
For the upcoming trading day on Thursday, 30th we expect Korea Environment Technology Co., LTD. to open at ₩6,866.67, and during the day (based on 14 day Average True Range), to move between ₩6,779.26 and ₩6,920.74, which gives a possible trading interval of +/-₩70.74 (+/-1.03%) up or down from last closing price. If Korea Environment Technology Co., LTD. takes out the full calculated possible swing range there will be an estimated 2.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩6,860.00 (0.15%) than the support at ₩6,840.00 (0.15%), 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 Environment Technology Co., LTD. stock A Buy?
The Korea Environment Technology Co., LTD. stock holds several negative signals and despite the positive trend, we believe Korea Environment Technology Co., LTD. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.592 Sell Candidate Unchanged
Predicted Opening Price for Korea Environment Technology Co., LTD. of Thursday, May 30, 2024
| Fair opening price May 30, 2024 | Current price |
|---|---|
| ₩6,866.67 ( 0.243%) | ₩6,850.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 029960.KQ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6,956.67 | 1.56 % | |
| R2 | 6,922.29 | 1.06 % | ||
| R1 | 6,901.05 | 0.745 % | ||
| Current price: | 6,850.00 | |||
| Support | S1 | 6,832.29 | -0.259 % | |
| S2 | 6,811.05 | -0.569 % | ||
| S3 | 6,776.67 | -1.07 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7,040.00 | 2.77 % | |
| R2 | 6,950.00 | 1.46 % | ||
| R1 | 6,860.00 | 0.146 % | ||
| Current price | 6,850.00 | |||
| Support | S1 | 6,840.00 | -0.146% | |
| S2 | 6,790.00 | -0.88% | ||
| S3 | 6,770.00 | -1.17% |
029960 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Dec 27, 2023 | ₩500.00 | 7.23% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩500.00 | 6.55% |
| 3 | Dec 28, 2016 | Dec 28, 2016 | Dec 28, 2016 | ₩25.00 | 0.85% |
| 4 | Dec 29, 2015 | Dec 29, 2015 | Dec 29, 2015 | ₩25.00 | 0.97% |
| 5 | Dec 29, 2014 | Dec 29, 2014 | Dec 29, 2014 | ₩25.00 | 0.93% |
FAQ
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