MODE TOUR Real Estate Investment Trust Stock Forecast
MODE TOUR Real Estate Investment Trust stock price down 0.289% on Friday
(Updated on May 31, 2024)
The MODE TOUR Real Estate Investment Trust stock price fell by -0.289% on the last day (Friday, 31st May 2024) from ₩3,455.00 to ₩3,445.00. It has now fallen 8 days in a row. During the last trading day the stock fluctuated 2.18% from a day low at ₩3,440.00 to a day high of ₩3,515.00. The price has fallen in 8 of the last 10 days and is down by -9.58% for this period. 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 -16 thousand shares and in total, 76 thousand shares were bought and sold for approximately ₩261.85 million.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is ₩2,869.26, a level that may pose a second chance to hit a runner. According to fan-theory ₩4,981.57 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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204210.KS Signals & Forecast
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. The MODE TOUR Real Estate Investment Trust stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₩3,559.29 and ₩3,939.71. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -14.09%. 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.
Support, Risk & Stop-loss for MODE TOUR Real Estate Investment Trust stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 ₩75.00 between high and low, or 2.18%. For the last week, the stock has had daily average volatility of 2.89%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (204210.KS) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect MODE TOUR Real Estate Investment Trust Incorporated to open at ₩3,466.67, and during the day (based on 14 day Average True Range), to move between ₩3,233.51 and ₩3,656.49, which gives a possible trading interval of +/-₩211.49 (+/-6.14%) up or down from last closing price. If MODE TOUR Real Estate Investment Trust Incorporated takes out the full calculated possible swing range there will be an estimated 12.28% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ ₩3,915.00, some ₩470.00 (13.64%) from the current price of ₩3,445.00, our system finds the risk reward not very attractive.
Is MODE TOUR Real Estate Investment Trust Incorporated stock A Buy?
MODE TOUR Real Estate Investment Trust holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -4.364 Sell Candidate Unchanged
Predicted Opening Price for MODE TOUR Real Estate Investment Trust Incorporated of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| ₩3,466.67 ( 0.629%) | ₩3,445.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 204210.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,541.67 | 2.81 % | |
| R2 | 3,513.02 | 1.97 % | ||
| R1 | 3,495.32 | 1.46 % | ||
| Current price: | 3,445.00 | |||
| Support | S1 | 3,438.02 | -0.203 % | |
| S2 | 3,420.32 | -0.716 % | ||
| S3 | 3,391.67 | -1.55 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,145.00 | 20.32 % | |
| R2 | 3,920.00 | 13.79 % | ||
| R1 | 3,915.00 | 13.64 % | ||
| Current price | 3,445.00 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
204210 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 01, 2024 | ₩1,572.00 | 14.87% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩1,572.00 | 39.30% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩200.00 | 4.20% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩150.00 | 5.11% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩168.00 | 5.38% |
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