Asia Cement Co.,Ltd. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Asia Cement Co.,Ltd. stock price ended at ₩10,750.00 on Thursday, after losing 0%.
(Updated on Jun 27, 2024)
No changes to the price of Asia Cement Co.,Ltd. stock on the last trading day (Thursday, 27th Jun 2024). During the last trading day the stock fluctuated 1.80% from a day low at ₩10,560.00 to a day high of ₩10,750.00. The price has risen in 6 of the last 10 days and is up by 2.48% over the past 2 weeks.
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 7.12% during the next 3 months and, with a 90% probability hold a price between ₩11,128.43 and ₩12,068.88 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
183190.KS Signals & Forecast
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 ₩10,708.57 and ₩10,554.57. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
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 ₩190.00 between high and low, or 1.80%. For the last week the stock has had daily average volatility of 2.03%.
Our recommended stop-loss: ₩10,206.06 (-5.06%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 27 days ago.)
Trading Expectations (183190.KS) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Asia Cement Co.,Ltd. to open at ₩10,686.67, and during the day (based on 14 day Average True Range), to move between ₩10,440.75 and ₩11,059.25, which gives a possible trading interval of +/-₩309.25 (+/-2.88%) 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 5.75% 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: 4.419 Buy Candidate Unchanged
Predicted Opening Price for Asia Cement Co.,Ltd. of Friday, June 28, 2024
Fair opening price June 28, 2024 | Current price |
---|---|
₩10,686.67 ( 0.589%) | ₩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 | 10,876.67 | 1.18% |
R2 | 10,804.09 | 0.503% |
R1 | 10,759.25 | 0.0860% |
Price | 10,750.00 | |
S1 | 10,614.09 | -1.26% |
S2 | 10,569.25 | -1.68% |
S3 | 10,496.67 | -2.36% |
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 | 10,400.00 | -3.26% |
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
Click here for our free guide on how to buy Asia Cement Co.,Ltd. Stock.