Asia Cement Co.,Ltd. Stock Forecast
Green day on Friday for Asia Cement Co.,Ltd. stock after gaining 0.561%
(Updated on Jun 21, 2024)
The Asia Cement Co.,Ltd. stock price gained 0.561% on the last trading day (Friday, 21st Jun 2024), rising from ₩10,690.00 to ₩10,750.00. During the last trading day the stock fluctuated 2.84% from a day low at ₩10,560.00 to a day high of ₩10,860.00. The price has risen in 7 of the last 10 days and is up by 3.37% over the past 2 weeks. Volume fell on the last day by -16 thousand shares and in total, 39 thousand shares were bought and sold for approximately ₩415.91 million. 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 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 4.99% during the next 3 months and, with a 90% probability hold a price between ₩10,685.06 and ₩11,687.64 at the end of this 3-month period.
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183190.KS Signals & Forecast
Mostly positive signals in the chart today. The Asia Cement 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 ₩10,674.29 and ₩10,484.86. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 4.57%. 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 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.
Support, Risk & Stop-loss for Asia Cement Co.,Ltd. stock
Asia Cement Co.,Ltd. finds support from accumulated volume at ₩10,620.00 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 ₩300.00 between high and low, or 2.84%. For the last week the stock has had daily average volatility of 4.31%.
Our recommended stop-loss: ₩10,218.34 (-4.95%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 23 days ago.)
Trading Expectations (183190.KS) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Asia Cement Co.,Ltd. to open at ₩10,723.33, and during the day (based on 14 day Average True Range), to move between ₩10,399.22 and ₩11,100.78, which gives a possible trading interval of +/-₩350.78 (+/-3.26%) up or down from last closing price. If Asia Cement Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 6.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩10,780.00 (0.28%) than the support at ₩10,620.00 (1.21%), 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 Asia Cement 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 Asia Cement Co.,Ltd. stock to perform well in the short-term.
Current score: 2.678 Buy Candidate Unchanged
Predicted Opening Price for Asia Cement Co.,Ltd. of Monday, June 24, 2024
Fair opening price June 24, 2024 | Current price |
---|---|
₩10,723.33 ( 0.248%) | ₩10,750.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 183190.KS
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 11,023.33 | 2.54% |
R2 | 10,908.73 | 1.48% |
R1 | 10,837.93 | 0.82% |
Price | 10,750.00 | |
S1 | 10,608.73 | -1.31% |
S2 | 10,537.93 | -1.97% |
S3 | 10,423.33 | -3.04% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 10,920.00 | 1.58% |
R2 | 10,800.00 | 0.465% |
R1 | 10,780.00 | 0.279% |
Price | 10,750.00 | |
S1 | 10,620.00 | -1.21% |
S2 | 10,510.00 | -2.23% |
S3 | 10,500.00 | -2.33% |
183190 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 27, 2023 | Dec 27, 2023 | May 01, 2024 | ₩225.00 | 2.22% |
2 | Oct 31, 2023 | Oct 31, 2023 | Oct 31, 2023 | ₩30.00 | 0.290% |
3 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩225.00 | 2.37% |
4 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩225.00 | 1.84% |
5 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩125.00 | 1.73% |
FAQ
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