CUCKOO Homesys Co., Ltd Stock Forecast
Stronger technical forecast for CUCKOO Homesys Co., Ltd stock price after Friday trading.
(Updated on Jun 21, 2024)
The CUCKOO Homesys Co., Ltd stock price gained 1.09% on the last trading day (Friday, 21st Jun 2024), rising from ₩22,900.00 to ₩23,150.00. During the last trading day the stock fluctuated 5.30% from a day low at ₩22,650.00 to a day high of ₩23,850.00. The price has risen in 7 of the last 10 days and is up by 6.68% 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, 41 thousand more shares were traded than the day before. In total, 54 thousand shares were bought and sold for approximately ₩1.25 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 2.50% during the next 3 months and, with a 90% probability hold a price between ₩21,718.82 and ₩24,905.41 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. 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 ₩23,042.86 and ₩22,830.00. 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). 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. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -1.49%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for CUCKOO Homesys Co., Ltd stock
CUCKOO Homesys Co., Ltd finds support from accumulated volume at ₩22,450.00 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 ₩1,200.00 between high and low, or 5.30%. For the last week, the stock has had daily average volatility of 3.47%.
Our recommended stop-loss: ₩22,279.86 (-3.76%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (284740.KS) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect CUCKOO Homesys Co., Ltd to open at ₩23,216.67, and during the day (based on 14 day Average True Range), to move between ₩22,456.46 and ₩23,843.54, which gives a possible trading interval of +/-₩693.54 (+/-3.00%) 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 5.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩23,250.00 (0.43%) than the support at ₩22,450.00 (3.02%), 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 Hold/Accumulate to a Buy candidate.
Current score: 3.654 Buy Candidate Upgraded
Predicted Opening Price for CUCKOO Homesys Co., Ltd of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| ₩23,216.67 ( 0.288%) | ₩23,150.00 |
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 | 24,416.67 | 5.47% |
| R2 | 23,958.27 | 3.49% |
| R1 | 23,675.07 | 2.27% |
| Price | 23,150.00 | |
| S1 | 22,758.27 | -1.69% |
| S2 | 22,475.07 | -2.92% |
| S3 | 22,016.67 | -4.90% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23,500.00 | 1.51% |
| R2 | 23,400.00 | 1.08% |
| R1 | 23,250.00 | 0.432% |
| Price | 23,150.00 | |
| S1 | 22,450.00 | -3.02% |
| S2 | 21,800.00 | -5.83% |
| S3 | 21,050.00 | -9.07% |
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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