LG Chem, Ltd. Stock Forecast
Red day on Monday for LG Chem, Ltd.
(Updated on May 20, 2024)
The LG Chem, Ltd. stock price fell by -0.386% on the last day (Monday, 20th May 2024) from ₩259,000.00 to ₩258,000.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.95% from a day low at ₩256,500.00 to a day high of ₩261,500.00. The price has fallen in 8 of the last 10 days and is down by -2.82% for this period. 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 -3 thousand shares and in total, 9 thousand shares were bought and sold for approximately ₩2.27 billion.
The stock lies the upper part of a wide and falling 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 ₩267,112.51 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -20.63% during the next 3 months and, with a 90% probability hold a price between ₩172,688.39 and ₩212,016.54 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
051915.KS Signals & Forecast
There are mixed signals in the stock today. The LG Chem, 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 ₩260,571.43 and ₩264,828.57. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 6.83%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for LG Chem, Ltd. stock
LG Chem, Ltd. finds support from accumulated volume at ₩253,500.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₩5,000.00 between high and low, or 1.95%. For the last week, the stock has had daily average volatility of 2.34%.
Our recommended stop-loss: ₩247,628.40 (-4.02%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 59 days ago.)
Trading Expectations (051915.KS) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect LG Chem, Ltd. to open at ₩258,666.67, and during the day (based on 14 day Average True Range), to move between ₩251,041.53 and ₩264,958.47, which gives a possible trading interval of +/-₩6,958.47 (+/-2.70%) up or down from last closing price. If LG Chem, Ltd. takes out the full calculated possible swing range there will be an estimated 5.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩253,500.00 (1.74%) than the resistance at ₩297,500.00 (15.31%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is LG Chem, Ltd. stock A Buy?
LG Chem, 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.
Current score: -0.459 Hold/Accumulate Unchanged
Predicted Opening Price for LG Chem, Ltd. of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| ₩258,666.67 ( 0.258%) | ₩258,000.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 051915.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 263,666.67 | 2.20 % | |
| R2 | 261,756.67 | 1.46 % | ||
| R1 | 260,576.67 | 1.00 % | ||
| Current price: | 258,000.00 | |||
| Support | S1 | 256,756.67 | -0.482 % | |
| S2 | 255,576.67 | -0.94 % | ||
| S3 | 253,666.67 | -1.68 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 305,000.00 | 18.22 % | |
| R2 | 300,000.00 | 16.28 % | ||
| R1 | 297,500.00 | 15.31 % | ||
| Current price | 258,000.00 | |||
| Support | S1 | 253,500.00 | -1.74% | |
| S2 | 244,000.00 | -5.43% | ||
| S3 | 241,500.00 | -6.40% |
051915 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 26, 2024 | ₩10,050.00 | 3.89% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩10,050.00 | 3.57% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩12,050.00 | 4.08% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩10,050.00 | 2.67% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩2,050.00 | 1.21% |
FAQ
Click here for our free guide on how to buy LG Chem, Ltd. Stock.
