Poongsan Corporation Stock Forecast
Poongsan Corporation stock price ended at ₩73,800.00 on Monday, after gaining 2.22%.
(Updated on May 20, 2024)
The Poongsan Corporation stock price gained 2.22% on the last trading day (Monday, 20th May 2024), rising from ₩72,200.00 to ₩73,800.00. During the last trading day the stock fluctuated 3.81% from a day low at ₩73,400.00 to a day high of ₩76,200.00. The price has risen in 7 of the last 10 days and is up by 1.51% 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, 19 thousand more shares were traded than the day before. In total, 570 thousand shares were bought and sold for approximately ₩42.09 billion.
The stock lies in the middle of a wide and strong 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 86.92% during the next 3 months and, with a 90% probability hold a price between ₩127,039.97 and ₩146,842.61 at the end of this 3-month period.
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103140.KS Signals & Forecast
The Poongsan Corporation stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₩74,285.71. On a fall, the stock will find some support from the long-term average at approximately ₩62,482.86. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. 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 16, 2024, and so far it has fallen -4.53%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Poongsan Corporation stock
Poongsan Corporation finds support from accumulated volume at ₩72,700.00 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₩2,800.00 between high and low, or 3.81%. For the last week, the stock has had daily average volatility of 5.12%.
Our recommended stop-loss: ₩69,667.20 (-5.60%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 44 days ago.)
Trading Expectations (103140.KS) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Poongsan Corporation to open at ₩74,466.67, and during the day (based on 14 day Average True Range), to move between ₩69,873.85 and ₩77,726.15, which gives a possible trading interval of +/-₩3,926.15 (+/-5.32%) up or down from last closing price. If Poongsan Corporation takes out the full calculated possible swing range there will be an estimated 10.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩74,900.00 (1.49%) than the support at ₩72,700.00 (1.49%), 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 Poongsan Corporation 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 Poongsan Corporation stock to perform well in the short-term.
Current score: 1.057 Buy Candidate Unchanged
Predicted Opening Price for Poongsan Corporation of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| ₩74,466.67 ( 0.90%) | ₩73,800.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 103140.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 77,266.67 | 4.70 % | |
| R2 | 76,197.07 | 3.25 % | ||
| R1 | 75,536.27 | 2.35 % | ||
| Current price: | 73,800.00 | |||
| Support | S1 | 73,397.07 | -0.546 % | |
| S2 | 72,736.27 | -1.44 % | ||
| S3 | 71,666.67 | -2.89 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 75,500.00 | 2.30 % | |
| R2 | 75,100.00 | 1.76 % | ||
| R1 | 74,900.00 | 1.49 % | ||
| Current price | 73,800.00 | |||
| Support | S1 | 72,700.00 | -1.49% | |
| S2 | 61,600.00 | -16.53% | ||
| S3 | 60,300.00 | -18.29% |
103140 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 08, 2024 | ₩1,000.00 | 1.91% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩1,000.00 | 2.93% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩1,000.00 | 3.18% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩600.00 | 2.22% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩400.00 | 1.67% |
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