Iljin Electric Co.,Ltd Stock Forecast
Iljin Electric Co.,Ltd stock price ended at ₩22,550.00 on Thursday, after gaining 1.81%.
(Updated on May 09, 2024)
The Iljin Electric Co.,Ltd stock price gained 1.81% on the last trading day (Thursday, 9th May 2024), rising from ₩22,150.00 to ₩22,550.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 4.60% from a day low at ₩21,750.00 to a day high of ₩22,750.00. The price has been going up and down for this period, and there has been a 17.2% gain for the last 2 weeks. Volume fell on the last day by -2 million shares and in total, 2 million shares were bought and sold for approximately ₩38.29 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 118.52% during the next 3 months and, with a 90% probability hold a price between ₩46,271.90 and ₩54,482.15 at the end of this 3-month period.
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103590.KS Signals & Forecast
The Iljin Electric Co.,Ltd 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 ₩21,928.57 and ₩20,225.43. 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). 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. 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 Friday, April 26, 2024, and so far it has fallen -3.22%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Iljin Electric Co.,Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at ₩20,450.00 and ₩18,600.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Iljin Electric Co.,Ltd finds support just below today's level at ₩20,450.00. If this is broken, then the next support from accumulated volume will be at ₩18,600.00 and ₩17,200.00.
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 ₩1,000.00 between high and low, or 4.60%. For the last week, the stock has had daily average volatility of 6.74%.
Our recommended stop-loss: ₩21,630.66 (-4.08%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (103590.KS) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Iljin Electric Co.,Ltd to open at ₩22,350.00, and during the day (based on 14 day Average True Range), to move between ₩20,881.68 and ₩24,218.32, which gives a possible trading interval of +/-₩1,668.32 (+/-7.40%) up or down from last closing price. If Iljin Electric Co.,Ltd takes out the full calculated possible swing range there will be an estimated 14.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩23,200.00 (2.88%) than the support at ₩20,450.00 (9.31%), 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 Iljin Electric Co.,Ltd 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 Iljin Electric Co.,Ltd stock to perform well in the short-term.
Current score: 4.442 Buy Candidate Unchanged
Predicted Opening Price for Iljin Electric Co.,Ltd of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| ₩22,350.00 ( 0.89%) | ₩22,550.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 103590.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23,350.00 | 3.55 % | |
| R2 | 22,968.00 | 1.85 % | ||
| R1 | 22,732.00 | 0.81 % | ||
| Current price: | 22,550.00 | |||
| Support | S1 | 21,968.00 | -2.58 % | |
| S2 | 21,732.00 | -3.63 % | ||
| S3 | 21,350.00 | -5.32 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 23,300.00 | 3.33 % | ||
| R1 | 23,200.00 | 2.88 % | ||
| Current price | 22,550.00 | |||
| Support | S1 | 20,450.00 | -9.31% | |
| S2 | 18,600.00 | -17.52% | ||
| S3 | 17,200.00 | -23.73% |
103590 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 17, 2024 | ₩130.00 | 0.682% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩130.00 | 2.52% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩100.00 | 2.07% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩60.00 | 2.04% |
| 5 | Dec 27, 2017 | Dec 27, 2017 | Dec 27, 2017 | ₩60.00 | 1.41% |
FAQ
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