LOTTE rental co.,ltd. Stock Forecast
LOTTE rental co.,ltd. stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 03, 2024)
The LOTTE rental co.,ltd. stock price fell by -0.91% on the last day (Friday, 3rd May 2024) from ₩27,350.00 to ₩27,100.00. During the last trading day the stock fluctuated 1.48% from a day low at ₩27,000.00 to a day high of ₩27,400.00. The price has risen in 5 of the last 10 days and is up by 0.56% over the past 2 weeks. 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 -8 thousand shares and in total, 20 thousand shares were bought and sold for approximately ₩545.82 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect LOTTE rental co.,ltd. stock with a 90% probability to be traded between ₩26,665.01 and ₩28,358.58 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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089860.KS Signals & Forecast
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. The LOTTE rental co.,ltd. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ₩27,385.71. On a fall, the stock will find some support from the short-term average at ₩27,021.43. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, May 02, 2024, and so far it has fallen -0.91%. Further fall is indicated until a new bottom pivot has been found. 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 rental co.,ltd. stock
LOTTE rental co.,ltd. finds support from accumulated volume at ₩27,050.00 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 ₩400.00 between high and low, or 1.48%. For the last week the stock has had daily average volatility of 1.64%.
Our recommended stop-loss: ₩25,889.35 (-4.47%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (089860.KS) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect LOTTE rental co.,ltd. to open at ₩27,166.67, and during the day (based on 14 day Average True Range), to move between ₩26,643.43 and ₩27,556.57, which gives a possible trading interval of +/-₩456.57 (+/-1.68%) up or down from last closing price. If LOTTE rental co.,ltd. takes out the full calculated possible swing range there will be an estimated 3.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩27,050.00 (0.18%) than the resistance at ₩27,550.00 (1.66%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is LOTTE rental co.,ltd. stock A Buy?
LOTTE rental 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.935 Hold/Accumulate Upgraded
Predicted Opening Price for LOTTE rental co.,ltd. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| ₩27,166.67 ( 0.246%) | ₩27,100.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 089860.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27,566.67 | 1.72 % | |
| R2 | 27,413.87 | 1.16 % | ||
| R1 | 27,319.47 | 0.81 % | ||
| Current price: | 27,100.00 | |||
| Support | S1 | 27,013.87 | -0.318 % | |
| S2 | 26,919.47 | -0.666 % | ||
| S3 | 26,766.67 | -1.23 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27,900.00 | 2.95 % | |
| R2 | 27,600.00 | 1.85 % | ||
| R1 | 27,550.00 | 1.66 % | ||
| Current price | 27,100.00 | |||
| Support | S1 | 27,050.00 | -0.185% | |
| S2 | 26,950.00 | -0.554% | ||
| S3 | 26,900.00 | -0.738% |
089860 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 22, 2024 | ₩900.00 | 3.36% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩900.00 | 3.19% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩900.00 | 2.41% |
FAQ
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