Kodex Shipbuilding Stock Forecast
Kodex Shipbuilding stock downgraded to Buy Candidate
(Updated on May 10, 2024)
The Kodex Shipbuilding stock price fell by -0.362% on the last day (Friday, 10th May 2024) from ₩6,905.00 to ₩6,880.00. During the last trading day the stock fluctuated 1.83% from a day low at ₩6,845.00 to a day high of ₩6,970.00. The price has fallen in 5 of the last 10 days. Volume has increased on the last day by 15 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 33 thousand shares were bought and sold for approximately ₩227.14 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 9.26% during the next 3 months and, with a 90% probability hold a price between ₩6,954.41 and ₩7,850.91 at the end of this 3-month period.
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102960.KS Signals & Forecast
The Kodex Shipbuilding 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 ₩6,849.29 and ₩6,673.14. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, May 09, 2024, and so far it has fallen -0.362%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Kodex Shipbuilding stock
Kodex Shipbuilding finds support from accumulated volume at ₩6,875.00 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 ₩125.00 between high and low, or 1.83%. For the last week, the stock has had daily average volatility of 1.66%.
Our recommended stop-loss: ₩6,680.65 (-2.90%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (102960.KS) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Kodex Shipbuilding to open at ₩6,898.33, and during the day (based on 14 day Average True Range), to move between ₩6,737.56 and ₩7,022.44, which gives a possible trading interval of +/-₩142.44 (+/-2.07%) up or down from last closing price. If Kodex Shipbuilding takes out the full calculated possible swing range there will be an estimated 4.14% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩6,875.00 (0.07%) than the resistance at ₩6,890.00 (0.15%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Kodex Shipbuilding stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Kodex Shipbuilding stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 2.533 Buy Candidate Downgraded
Predicted Opening Price for Kodex Shipbuilding of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| ₩6,898.33 ( 0.266%) | ₩6,880.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 102960.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7,023.33 | 2.08 % | |
| R2 | 6,975.58 | 1.39 % | ||
| R1 | 6,946.08 | 0.96 % | ||
| Current price: | 6,880.00 | |||
| Support | S1 | 6,850.58 | -0.428 % | |
| S2 | 6,821.08 | -0.86 % | ||
| S3 | 6,773.33 | -1.55 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 6,905.00 | 0.363 % | ||
| R1 | 6,890.00 | 0.145 % | ||
| Current price | 6,880.00 | |||
| Support | S1 | 6,875.00 | -0.0727% | |
| S2 | 6,810.00 | -1.02% | ||
| S3 | 6,590.00 | -4.22% |
102960 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | May 03, 2024 | ₩10.00 | 0.149% |
| 2 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | ₩10.00 | 0.149% |
| 3 | Apr 28, 2022 | Apr 28, 2022 | Apr 28, 2022 | ₩50.00 | 0.90% |
| 4 | Apr 29, 2015 | Apr 29, 2015 | Apr 29, 2015 | ₩10.00 | 0.105% |
| 5 | Apr 29, 2014 | Apr 29, 2014 | Apr 29, 2014 | ₩64.00 | 0.457% |
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