Cuckoo Holdings Co., Ltd. Stock Forecast
Cuckoo Holdings Co., Ltd. stock upgraded to Buy Candidate.
(Updated on May 03, 2024)
The Cuckoo Holdings Co., Ltd. stock price fell by -0.251% on the last day (Friday, 3rd May 2024) from ₩19,950.00 to ₩19,900.00. During the last trading day the stock fluctuated 1.42% from a day low at ₩19,710.00 to a day high of ₩19,990.00. The price has risen in 8 of the last 10 days and is up by 8.62% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -37 thousand shares and in total, 18 thousand shares were bought and sold for approximately ₩359.69 million.
The stock lies in the upper part of a strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at ₩20,004.67 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 19.22% during the next 3 months and, with a 90% probability hold a price between ₩22,109.05 and ₩23,850.42 at the end of this 3-month period.
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192400.KS Signals & Forecast
The Cuckoo Holdings 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 ₩19,607.14 and ₩18,519.14. 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 02, 2024, and so far it has fallen -0.251%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Wednesday, August 09, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Wednesday, August 09, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Cuckoo Holdings Co., Ltd. stock
Cuckoo Holdings Co., Ltd. finds support from accumulated volume at ₩18,920.00 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 ₩280.00 between high and low, or 1.42%. For the last week, the stock has had daily average volatility of 2.24%.
The Cuckoo Holdings Co., Ltd. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: ₩19,224.35 (-3.40%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 85 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (192400.KS) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Cuckoo Holdings Co., Ltd. to open at ₩19,866.67, and during the day (based on 14 day Average True Range), to move between ₩19,441.00 and ₩20,359.00, which gives a possible trading interval of +/-₩459.00 (+/-2.31%) up or down from last closing price. If Cuckoo Holdings Co., Ltd. takes out the full calculated possible swing range there will be an estimated 4.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩19,950.00 (0.25%) than the support at ₩18,920.00 (4.92%), 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.
Earnings coming up
Cuckoo Holdings Co., Ltd. will release earnings BMO on Monday, May 13, 2024. We will update the financials statements for Cuckoo Holdings Co., Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.56% in the first trading day after earnings release.
Is Cuckoo Holdings 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 Cuckoo Holdings Co., Ltd. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.370 Buy Candidate Upgraded
Predicted Opening Price for Cuckoo Holdings Co., Ltd. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| ₩19,866.67 ( 0.168%) | ₩19,900.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 192400.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20,146.67 | 1.24 % | |
| R2 | 20,039.71 | 0.702 % | ||
| R1 | 19,973.63 | 0.370 % | ||
| Current price: | 19,900.00 | |||
| Support | S1 | 19,759.71 | -0.705 % | |
| S2 | 19,693.63 | -1.04 % | ||
| S3 | 19,586.67 | -1.57 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 19,950.00 | 0.251 % | ||
| Current price | 19,900.00 | |||
| Support | S1 | 18,920.00 | -4.92% | |
| S2 | 18,260.00 | -8.24% | ||
| S3 | 18,150.00 | -8.79% |
192400 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 22, 2024 | ₩800.00 | 4.28% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩800.00 | 4.91% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩700.00 | 3.61% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩660.00 | 3.32% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩600.00 | 2.84% |
FAQ
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