CUCKOO Homesys Co., Ltd Stock Forecast
CUCKOO Homesys Co., Ltd stock upgraded to Buy Candidate.
(Updated on Jun 14, 2024)
The CUCKOO Homesys Co., Ltd stock price gained 4.26% on the last trading day (Friday, 14th Jun 2024), rising from ₩22,300.00 to ₩23,250.00. During the last trading day the stock fluctuated 4.73% from a day low at ₩22,200.00 to a day high of ₩23,250.00. The price has risen in 6 of the last 10 days and is up by 6.16% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 30 thousand more shares were traded than the day before. In total, 80 thousand shares were bought and sold for approximately ₩1.87 billion.
The stock lies in the middle of a wide and 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 2.78% during the next 3 months and, with a 90% probability hold a price between ₩21,736.96 and ₩24,944.22 at the end of this 3-month period.
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284740.KS Signals & Forecast
The CUCKOO Homesys Co., Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ₩22,121.43 and ₩22,777.14. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 31, 2024, and so far it has risen 10.45%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for CUCKOO Homesys Co., Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at ₩21,800.00 and ₩21,600.00. 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, CUCKOO Homesys Co., Ltd finds support just below today's level at ₩21,800.00. If this is broken, then the next support from accumulated volume will be at ₩21,600.00 and ₩21,050.00.
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 ₩1,050.00 between high and low, or 4.73%. For the last week, the stock has had daily average volatility of 3.34%.
Our recommended stop-loss: ₩21,864.30 (-5.96%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (284740.KS) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect CUCKOO Homesys Co., Ltd to open at ₩22,900.00, and during the day (based on 14 day Average True Range), to move between ₩22,601.86 and ₩23,898.14, which gives a possible trading interval of +/-₩648.14 (+/-2.79%) up or down from last closing price. If CUCKOO Homesys Co., Ltd takes out the full calculated possible swing range there will be an estimated 5.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩23,350.00 (0.43%) than the support at ₩21,800.00 (6.24%), 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 CUCKOO Homesys 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 Homesys 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 Sell to a Buy candidate.
Current score: 3.587 Buy Candidate Upgraded
Predicted Opening Price for CUCKOO Homesys Co., Ltd of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| ₩22,900.00 ( 1.51%) | ₩23,250.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 284740.KS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23,950.00 | 3.01% |
| R2 | 23,548.90 | 1.29% |
| R1 | 23,301.10 | 0.220% |
| Price | 23,250.00 | |
| S1 | 22,498.90 | -3.23% |
| S2 | 22,251.10 | -4.30% |
| S3 | 21,850.00 | -6.02% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24,000.00 | 3.23% |
| R2 | 23,500.00 | 1.08% |
| R1 | 23,350.00 | 0.430% |
| Price | 23,250.00 | |
| S1 | 21,800.00 | -6.24% |
| S2 | 21,600.00 | -7.10% |
| S3 | 21,050.00 | -9.46% |
284740 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 22, 2024 | ₩700.00 | 3.13% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩700.00 | 2.31% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩650.00 | 1.68% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩600.00 | 1.56% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩560.00 | 1.30% |
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