Hyundai Livart Furniture Company Limited Stock Forecast

Green day on Friday for Hyundai Livart Furniture Company Limited
(Updated on May 17, 2024)

079430.KS Signals & Forecast

Mostly positive signals in the chart today. The Hyundai Livart Furniture Company Limited 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 ₩9,364.29 and ₩7,908.00. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, May 14, 2024, and so far it has risen 14.14%. 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. The stock had a Golden Star Signal on Monday, March 25, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, November 30, 2023.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Hyundai Livart Furniture Company Limited stock

Hyundai Livart Furniture Company Limited finds support from accumulated volume at ₩10,760.00 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved ₩640.00 between high and low, or 6.15%. For the last week, the stock has had daily average volatility of 14.98%.

The Hyundai Livart Furniture Company Limited stock is extremely overbought on RSI14 (84). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: ₩10,592.62 (-2.82%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 84 and this increases the risk substantially. There is a buy signal from a pivot bottom found 2 days ago.)

Trading Expectations (079430.KS) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Hyundai Livart Furniture Company Limited to open at ₩10,786.67, and during the day (based on 14 day Average True Range), to move between ₩10,366.20 and ₩11,433.80, which gives a possible trading interval of +/-₩533.80 (+/-4.90%) up or down from last closing price. If Hyundai Livart Furniture Company Limited takes out the full calculated possible swing range there will be an estimated 9.79% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ ₩10,760.00, some ₩140.00 (1.28%) from the current price of ₩10,900.00, our system finds the risk reward attractive.

Is Hyundai Livart Furniture Company Limited stock A Buy?

Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Hyundai Livart Furniture Company Limited stock to perform well in the short-term period.

Current score: 6.025 Strong Buy Candidate Unchanged

Predicted Opening Price for Hyundai Livart Furniture Company Limited of Monday, May 20, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.