HDC I-Controls Co., Ltd. Stock Forecast
Green day on Friday for HDC I-Controls Co., Ltd. stock after gaining 2.22%
(Updated on May 31, 2024)
The HDC I-Controls Co., Ltd. stock price gained 2.22% on the last trading day (Friday, 31st May 2024), rising from ₩9,000.00 to ₩9,200.00. During the last trading day the stock fluctuated 2.79% from a day low at ₩8,950.00 to a day high of ₩9,200.00. The price has fallen in 8 of the last 10 days and is down by -14.26% for this period. Volume fell on the last day by -22 thousand shares and in total, 34 thousand shares were bought and sold for approximately ₩310.55 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and strong 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 15.33% during the next 3 months and, with a 90% probability hold a price between ₩9,630.57 and ₩13,021.33 at the end of this 3-month period.
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039570.KS Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, May 14, 2024, and so far it has fallen -16.29%. 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). The HDC I-Controls 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 ₩9,195.71 and ₩8,847.43. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for HDC I-Controls Co., Ltd. stock
HDC I-Controls Co., Ltd. finds support from accumulated volume at ₩9,170.00 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₩250.00 between high and low, or 2.79%. For the last week, the stock has had daily average volatility of 4.12%.
Our recommended stop-loss: ₩8,748.39 (-4.91%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (039570.KS) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect HDC I-Controls Co., Ltd. to open at ₩9,116.67, and during the day (based on 14 day Average True Range), to move between ₩8,717.74 and ₩9,682.26, which gives a possible trading interval of +/-₩482.26 (+/-5.24%) up or down from last closing price. If HDC I-Controls Co., Ltd. takes out the full calculated possible swing range there will be an estimated 10.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩9,170.00 (0.33%) than the resistance at ₩9,700.00 (5.43%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is HDC I-Controls Co., Ltd. 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 HDC I-Controls Co., Ltd. stock to perform well in the short-term.
Current score: 2.312 Buy Candidate Unchanged
Predicted Opening Price for HDC I-Controls Co., Ltd. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| ₩9,116.67 ( 0.91%) | ₩9,200.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 039570.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9,366.67 | 1.81 % | |
| R2 | 9,271.17 | 0.774 % | ||
| R1 | 9,212.17 | 0.132 % | ||
| Current price: | 9,200.00 | |||
| Support | S1 | 9,021.17 | -1.94 % | |
| S2 | 8,962.17 | -2.59 % | ||
| S3 | 8,866.67 | -3.62 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10,990.00 | 19.46 % | |
| R2 | 10,980.00 | 19.35 % | ||
| R1 | 9,700.00 | 5.43 % | ||
| Current price | 9,200.00 | |||
| Support | S1 | 9,170.00 | -0.326% | |
| S2 | 9,100.00 | -1.09% | ||
| S3 | 9,030.00 | -1.85% |
039570 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 22, 2024 | ₩450.00 | 5.56% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩450.00 | 5.63% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩450.00 | 3.63% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩400.00 | 3.83% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩350.00 | 3.18% |
FAQ
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