LOTTE Himart Co.,Ltd. Stock Forecast
Red day on Friday for LOTTE Himart Co.,Ltd.
(Updated on May 17, 2024)
The LOTTE Himart Co.,Ltd. stock price fell by -0.416% on the last day (Friday, 17th May 2024) from ₩9,620.00 to ₩9,580.00. During the last trading day the stock fluctuated 1.79% from a day low at ₩9,520.00 to a day high of ₩9,690.00. The price has fallen in 6 of the last 10 days and is down by -0.52% 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 -1 thousand shares and in total, 10 thousand shares were bought and sold for approximately ₩97.97 million.
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 -9.05% during the next 3 months and, with a 90% probability hold a price between ₩7,942.40 and ₩8,996.64 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.
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071840.KS Signals & Forecast
The LOTTE Himart Co.,Ltd. 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 ₩9,637.14. On a fall, the stock will find some support from the long-term average at approximately ₩9,523.43. 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. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 5.86%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 LOTTE Himart Co.,Ltd. stock
LOTTE Himart Co.,Ltd. finds support from accumulated volume at ₩9,500.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock 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 ₩170.00 (1.79%) between high and low. For the last week, the stock has had daily average volatility of 1.57%.
Our recommended stop-loss: ₩9,033.66 (-5.70%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 19 days ago.)
Trading Expectations (071840.KS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect LOTTE Himart Co.,Ltd. to open at ₩9,596.67, and during the day (based on 14 day Average True Range), to move between ₩9,393.04 and ₩9,766.96, which gives a possible trading interval of +/-₩186.96 (+/-1.95%) up or down from last closing price. If LOTTE Himart Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 3.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩9,620.00 (0.42%) than the support at ₩9,500.00 (0.84%), 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 LOTTE Himart Co.,Ltd. stock A Buy?
LOTTE Himart 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.
Current score: -0.213 Hold/Accumulate Unchanged
Predicted Opening Price for LOTTE Himart Co.,Ltd. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ₩9,596.67 ( 0.174%) | ₩9,580.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 071840.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9,766.67 | 1.95 % | |
| R2 | 9,701.73 | 1.27 % | ||
| R1 | 9,661.61 | 0.85 % | ||
| Current price: | 9,580.00 | |||
| Support | S1 | 9,531.73 | -0.504 % | |
| S2 | 9,491.61 | -0.92 % | ||
| S3 | 9,426.67 | -1.60 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10,790.00 | 12.63 % | |
| R2 | 10,300.00 | 7.52 % | ||
| R1 | 9,620.00 | 0.418 % | ||
| Current price | 9,580.00 | |||
| Support | S1 | 9,500.00 | -0.84% | |
| S2 | 9,390.00 | -1.98% | ||
| S3 | 9,220.00 | -3.76% |
071840 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 26, 2024 | ₩300.00 | 3.16% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩300.00 | 2.36% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩1,000.00 | 3.96% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩1,200.00 | 3.87% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩1,000.00 | 3.25% |
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