LOTTE rental co.,ltd. Stock Forecast
LOTTE rental co.,ltd. stock upgraded from Sell Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on May 22, 2024)
The LOTTE rental co.,ltd. stock price gained 1.67% on the last trading day (Wednesday, 22nd May 2024), rising from ₩27,000.00 to ₩27,450.00. During the last trading day the stock fluctuated 2.42% from a day low at ₩26,900.00 to a day high of ₩27,550.00. The price has fallen in 5 of the last 10 days but is still up by 1.1% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 45 thousand more shares were traded than the day before. In total, 78 thousand shares were bought and sold for approximately ₩2.14 billion.
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 ₩25,987.52 and ₩27,556.83 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
The LOTTE rental co.,ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ₩27,164.29 and ₩27,220.00. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 3.78%. 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 is rising along with the price. This is considered to be a good technical signal.
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 ₩650.00 between high and low, or 2.42%. For the last week the stock has had daily average volatility of 1.23%.
Our recommended stop-loss: ₩26,134.42 (-4.79%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 32 days ago.)
Trading Expectations (089860.KS) For The Upcoming Trading Day Of Thursday 23rd
For the upcoming trading day on Thursday, 23rd we expect LOTTE rental co.,ltd. to open at ₩27,300.00, and during the day (based on 14 day Average True Range), to move between ₩27,063.12 and ₩27,836.88, which gives a possible trading interval of +/-₩386.88 (+/-1.41%) 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 2.82% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩27,550.00 (0.36%) than the support at ₩27,050.00 (1.46%), 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 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: 0.240 Hold/Accumulate Upgraded
Predicted Opening Price for LOTTE rental co.,ltd. of Thursday, May 23, 2024
| Fair opening price May 23, 2024 | Current price |
|---|---|
| ₩27,300.00 ( 0.546%) | ₩27,450.00 |
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 | 27,950.00 | 1.82 % | |
| R2 | 27,701.70 | 0.92 % | ||
| R1 | 27,548.30 | 0.358 % | ||
| Current price: | 27,450.00 | |||
| Support | S1 | 27,051.70 | -1.45 % | |
| S2 | 26,898.30 | -2.01 % | ||
| S3 | 26,650.00 | -2.91 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27,900.00 | 1.64 % | |
| R2 | 27,600.00 | 0.546 % | ||
| R1 | 27,550.00 | 0.364 % | ||
| Current price | 27,450.00 | |||
| Support | S1 | 27,050.00 | -1.46% | |
| S2 | 27,000.00 | -1.64% | ||
| S3 | 26,900.00 | -2.00% |
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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