LG Electronics Inc. Stock Forecast
LG Electronics Inc. stock price up 0.353% on Friday
(Updated on May 03, 2024)
The LG Electronics Inc. stock price gained 0.353% on the last trading day (Friday, 3rd May 2024), rising from ₩42,450.00 to ₩42,600.00. During the last trading day the stock fluctuated 0.705% from a day low at ₩42,550.00 to a day high of ₩42,850.00. The price has risen in 6 of the last 10 days but is still down by -0.7% for this period. Volume fell on the last day by -21 thousand shares and in total, 13 thousand shares were bought and sold for approximately ₩535.57 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 wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.61% during the next 3 months and, with a 90% probability hold a price between ₩39,586.46 and ₩43,770.67 at the end of this 3-month period.
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066575.KS Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 1.55%. 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). 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The LG Electronics Inc. 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 ₩42,642.86 and ₩43,855.71. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for LG Electronics Inc. stock
LG Electronics Inc. finds support from accumulated volume at ₩42,450.00 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 ₩300.00 between high and low, or 0.705%. For the last week the stock has had daily average volatility of 1.11%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (066575.KS) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect LG Electronics Inc. to open at ₩42,666.67, and during the day (based on 14 day Average True Range), to move between ₩41,855.39 and ₩43,344.61, which gives a possible trading interval of +/-₩744.61 (+/-1.75%) up or down from last closing price. If LG Electronics Inc. takes out the full calculated possible swing range there will be an estimated 3.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩42,450.00 (0.35%) than the resistance at ₩45,200.00 (6.10%), 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 Electronics Inc. stock A Buy?
LG Electronics Inc. holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.507 Sell Candidate Unchanged
Predicted Opening Price for LG Electronics Inc. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| ₩42,666.67 ( 0.156%) | ₩42,600.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 066575.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 42,966.67 | 0.86 % | |
| R2 | 42,852.07 | 0.592 % | ||
| R1 | 42,781.27 | 0.426 % | ||
| Current price: | 42,600.00 | |||
| Support | S1 | 42,552.07 | -0.113 % | |
| S2 | 42,481.27 | -0.279 % | ||
| S3 | 42,366.67 | -0.548 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 46,200.00 | 8.45 % | |
| R2 | 46,050.00 | 8.10 % | ||
| R1 | 45,200.00 | 6.10 % | ||
| Current price | 42,600.00 | |||
| Support | S1 | 42,450.00 | -0.352% | |
| S2 | 42,350.00 | -0.587% | ||
| S3 | 41,950.00 | -1.53% |
066575 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 26, 2024 | ₩750.00 | 1.76% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩750.00 | 1.76% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩900.00 | 1.35% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩1,250.00 | 2.06% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩800.00 | 2.78% |
FAQ
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