Korea Gas Corporation Stock Forecast
Korea Gas Corporation stock price ended at ₩45,250.00 on Thursday, after gaining 0.333%.
(Updated on Jul 04, 2024)
The Korea Gas Corporation stock price gained 0.333% on the last trading day (Thursday, 4th Jul 2024), rising from ₩45,100.00 to ₩45,250.00. During the last trading day the stock fluctuated 6.61% from a day low at ₩44,600.00 to a day high of ₩47,550.00. The price has fallen in 7 of the last 10 days and is down by -28.74% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 867 thousand more shares were traded than the day before. In total, 5 million shares were bought and sold for approximately ₩236.36 billion.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₩42,811.90 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 107.77% during the next 3 months and, with a 90% probability hold a price between ₩88,950.54 and ₩141,915.55 at the end of this 3-month period.
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036460.KS Signals & Forecast
The Korea Gas Corporation stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₩50,142.86. On a fall, the stock will find some support from the long-term average at approximately ₩43,074.29. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Volume is rising along with the price. This is considered to be a good technical signal. 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, June 24, 2024, and so far it has fallen -28.74%. 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).
Support, Risk & Stop-loss for Korea Gas Corporation stock
Korea Gas Corporation finds support from accumulated volume at ₩43,700.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved ₩2,950.00 between high and low, or 6.61%. For the last week, the stock has had daily average volatility of 8.08%.
Our recommended stop-loss: ₩42,444.50 (-6.20%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (036460.KS) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Korea Gas Corporation to open at ₩45,800.00, and during the day (based on 14 day Average True Range), to move between ₩41,036.81 and ₩49,463.19, which gives a possible trading interval of +/-₩4,213.19 (+/-9.31%) up or down from last closing price. If Korea Gas Corporation takes out the full calculated possible swing range there will be an estimated 18.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩45,800.00 (1.22%) than the support at ₩43,700.00 (3.43%), 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 Gas Corporation 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 Korea Gas Corporation stock to perform well in the short-term.
Current score: 2.119 Buy Candidate Unchanged
Predicted Opening Price for Korea Gas Corporation of Friday, July 5, 2024
Fair opening price July 5, 2024 | Current price |
---|---|
₩45,800.00 ( 1.22%) | ₩45,250.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 036460.KS
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 48,750.00 | 7.73% |
R2 | 47,623.10 | 5.24% |
R1 | 46,926.90 | 3.71% |
Price | 45,250.00 | |
S1 | 44,673.10 | -1.27% |
S2 | 43,976.90 | -2.81% |
S3 | 42,850.00 | -5.30% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 55,800.00 | 23.31% |
R2 | 51,800.00 | 14.48% |
R1 | 45,800.00 | 1.22% |
Price | 45,250.00 | |
S1 | 43,700.00 | -3.43% |
S2 | 39,400.00 | -12.93% |
S3 | 38,700.00 | -14.48% |
036460 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩2,728.00 | 7.06% |
2 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩380.00 | 1.00% |
3 | Dec 27, 2018 | Dec 27, 2018 | Dec 27, 2018 | ₩1,360.00 | 2.83% |
4 | Dec 29, 2015 | Dec 29, 2015 | Dec 29, 2015 | ₩170.00 | 0.459% |
5 | Dec 29, 2014 | Dec 29, 2014 | Dec 29, 2014 | ₩250.00 | 0.500% |
FAQ
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