STX Heavy Industries Co., Ltd. Stock Forecast
Green day on Friday for STX Heavy Industries Co., Ltd. stock after gaining 0.329%
(Updated on May 31, 2024)
The STX Heavy Industries Co., Ltd. stock price gained 0.329% on the last trading day (Friday, 31st May 2024), rising from ₩15,180.00 to ₩15,230.00. During the last trading day the stock fluctuated 3.44% from a day low at ₩15,100.00 to a day high of ₩15,620.00. The price has fallen in 6 of the last 10 days and is down by -7.36% for this period. Volume fell on the last day by -16 thousand shares and in total, 104 thousand shares were bought and sold for approximately ₩1.58 billion. 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.
Given the current short-term trend, the stock is expected to rise 66.86% during the next 3 months and, with a 90% probability hold a price between ₩25,412.07 and ₩31,244.56 at the end of this 3-month period.
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071970.KS Signals & Forecast
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 STX Heavy Industries Co., Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ₩15,604.29 and ₩15,335.14. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -12.22%. 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 STX Heavy Industries Co., Ltd. stock
STX Heavy Industries Co., Ltd. finds support from accumulated volume at ₩15,010.00 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 ₩520.00 between high and low, or 3.44%. For the last week, the stock has had daily average volatility of 3.45%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (071970.KS) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect STX Heavy Industries Co., Ltd. to open at ₩15,316.67, and during the day (based on 14 day Average True Range), to move between ₩14,444.15 and ₩16,015.85, which gives a possible trading interval of +/-₩785.85 (+/-5.16%) up or down from last closing price. If STX Heavy Industries Co., Ltd. takes out the full calculated possible swing range there will be an estimated 10.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩15,010.00 (1.44%) than the resistance at ₩16,500.00 (8.34%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is STX Heavy Industries Co., Ltd. stock A Buy?
The STX Heavy Industries Co., Ltd. stock holds several negative signals and despite the positive trend, we believe STX Heavy Industries Co., Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.002 Sell Candidate Unchanged
Predicted Opening Price for STX Heavy Industries Co., Ltd. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| ₩15,316.67 ( 0.569%) | ₩15,230.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 071970.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15,836.67 | 3.98 % | |
| R2 | 15,638.03 | 2.68 % | ||
| R1 | 15,515.31 | 1.87 % | ||
| Current price: | 15,230.00 | |||
| Support | S1 | 15,118.03 | -0.735 % | |
| S2 | 14,995.31 | -1.54 % | ||
| S3 | 14,796.67 | -2.85 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16,710.00 | 9.72 % | |
| R2 | 16,590.00 | 8.93 % | ||
| R1 | 16,500.00 | 8.34 % | ||
| Current price | 15,230.00 | |||
| Support | S1 | 15,010.00 | -1.44% | |
| S2 | 14,580.00 | -4.27% | ||
| S3 | 13,990.00 | -8.14% |
071970 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2012 | Dec 27, 2012 | Dec 27, 2012 | ₩160,000.00 | 2.45% |
| 2 | Dec 28, 2011 | Dec 28, 2011 | Dec 28, 2011 | ₩192,000.00 | 2.65% |
| 3 | Dec 29, 2010 | Dec 29, 2010 | Dec 29, 2010 | ₩192,000.00 | 1.22% |
| 4 | Dec 29, 2009 | Dec 29, 2009 | Dec 29, 2009 | ₩256,000.00 | 1.68% |
FAQ
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