Shinsegae International Co., Ltd. Stock Forecast
Weaker technical forecast for Shinsegae International Co., Ltd. as stock downgraded to Hold/Accumulate.
(Updated on Apr 26, 2024)
The Shinsegae International Co., Ltd. stock price fell by -0.504% on the last day (Friday, 26th Apr 2024) from ₩17,870.00 to ₩17,780.00. During the last trading day the stock fluctuated 1.30% from a day low at ₩17,690.00 to a day high of ₩17,920.00. The price has been going up and down for this period, and there has been a 3.98% gain for the last 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 -45 thousand shares and in total, 39 thousand shares were bought and sold for approximately ₩689.58 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 6.02% during the next 3 months and, with a 90% probability hold a price between ₩17,009.19 and ₩19,706.43 at the end of this 3-month period.
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031430.KS Signals & Forecast
The Shinsegae International Co., 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 ₩17,702.86 and ₩17,122.86. A breakdown below any of these levels will issue sell signals. 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 Monday, April 01, 2024, and so far it has fallen -2.68%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Shinsegae International Co., Ltd. stock
Shinsegae International Co., Ltd. finds support from accumulated volume at ₩17,700.00 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 ₩230.00 (1.30%) between high and low. For the last week, the stock has had daily average volatility of 2.55%.
Our recommended stop-loss: ₩17,056.84 (-4.07%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (031430.KS) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Shinsegae International Co., Ltd. to open at ₩17,796.67, and during the day (based on 14 day Average True Range), to move between ₩17,327.81 and ₩18,232.19, which gives a possible trading interval of +/-₩452.19 (+/-2.54%) up or down from last closing price. If Shinsegae International Co., Ltd. takes out the full calculated possible swing range there will be an estimated 5.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩17,830.00 (0.28%) than the support at ₩17,700.00 (0.45%), 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 Shinsegae International Co., Ltd. stock A Buy?
Shinsegae International Co., 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.343 Hold/Accumulate Downgraded
Predicted Opening Price for Shinsegae International Co., Ltd. of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| ₩17,796.67 ( 0.0937%) | ₩17,780.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 031430.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18,026.67 | 1.39 % | |
| R2 | 17,938.81 | 0.89 % | ||
| R1 | 17,884.53 | 0.588 % | ||
| Current price: | 17,780.00 | |||
| Support | S1 | 17,708.81 | -0.400 % | |
| S2 | 17,654.53 | -0.706 % | ||
| S3 | 17,566.67 | -1.20 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18,270.00 | 2.76 % | |
| R2 | 18,170.00 | 2.19 % | ||
| R1 | 17,830.00 | 0.281 % | ||
| Current price | 17,780.00 | |||
| Support | S1 | 17,700.00 | -0.450% | |
| S2 | 16,670.00 | -6.24% | ||
| S3 | 15,900.00 | -10.57% |
031430 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 22, 2024 | ₩500.00 | 2.80% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩500.00 | 1.92% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩300.00 | 1.02% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩220.00 | 0.692% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩220.00 | 0.516% |
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