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AI Analysis of 293940.KS
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Shinhan Alpha REIT Co., Ltd. stock price up 0.97% on Wednesday
(Updated on Jun 26, 2024)

Sell candidate since Jun 25, 2024 Gain 0.97% PDF

The Shinhan Alpha REIT Co., Ltd. stock price gained 0.97% on the last trading day (Wednesday, 26th Jun 2024), rising from ₩6,190.00 to ₩6,250.00. During the last trading day the stock fluctuated 1.63% from a day low at ₩6,150.00 to a day high of ₩6,250.00. The price has fallen in 5 of the last 10 days but is still up by 0.64% 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, 8 thousand more shares were traded than the day before. In total, 106 thousand shares were bought and sold for approximately ₩661.03 million.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.72% during the next 3 months and, with a 90% probability hold a price between ₩5,472.64 and ₩6,436.86 at the end of this 3-month period.

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293940.KS Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 4.17%. 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. The Shinhan Alpha REIT Co., Ltd. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ₩6,283.14. On a fall, the stock will find some support from the short-term average at ₩6,132.86. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Shinhan Alpha REIT Co., Ltd. stock

Shinhan Alpha REIT Co., Ltd. finds support from accumulated volume at ₩6,150.00 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 ₩100.00 between high and low, or 1.63%. For the last week the stock has had daily average volatility of 1.68%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (293940.KS) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Shinhan Alpha REIT Co., Ltd. to open at ₩6,216.67, and during the day (based on 14 day Average True Range), to move between ₩6,146.13 and ₩6,353.87, which gives a possible trading interval of +/-₩103.87 (+/-1.66%) up or down from last closing price. If Shinhan Alpha REIT Co., Ltd. takes out the full calculated possible swing range there will be an estimated 3.32% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₩6,300.00 (0.80%) than the support at ₩6,150.00 (1.60%), 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 Shinhan Alpha REIT Co., Ltd. stock A Buy?

Shinhan Alpha REIT Co., Ltd. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.593 Sell Candidate Unchanged

Predicted Opening Price for Shinhan Alpha REIT Co., Ltd. of Thursday, June 27, 2024

Fair opening price June 27, 2024 Current price
₩6,216.67 ( 0.533%) ₩6,250.00

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for 293940.KS

Fibonacci Support & Resistance Levels

Level Price
R3 6,316.67 1.07%
R2 6,278.47 0.455%
R1 6,254.87 0.0779%
Price 6,250.00
S1 6,178.47 -1.14%
S2 6,154.87 -1.52%
S3 6,116.67 -2.13%

Accumulated Volume Support & Resistance Levels

Level Price
R3 6,720.00 7.52%
R2 6,380.00 2.08%
R1 6,300.00 0.80%
Price 6,250.00
S1 6,150.00 -1.60%
S2 6,110.00 -2.24%
S3 6,030.00 -3.52%

293940 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 28, 2024 Mar 28, 2024 Jul 01, 2024 ₩190.00 3.04%
2 Sep 26, 2023 Sep 26, 2023 Dec 29, 2023 ₩186.00 2.91%
3 Mar 30, 2023 Mar 30, 2023 Mar 30, 2023 ₩190.00 3.46%
4 Sep 29, 2022 Sep 29, 2022 Sep 29, 2022 ₩189.00 2.54%
5 Mar 30, 2022 Mar 30, 2022 Mar 30, 2022 ₩186.10 2.50%

FAQ

What is the symbol for Shinhan Alpha REIT Co., Ltd. Stock and on which exchange is it traded?
The symbol for Shinhan Alpha REIT Co., Ltd. is 293940.KS and it is traded on the KSE (Korea Exchange).

Should I buy or sell Shinhan Alpha REIT Co., Ltd. Stock?
Shinhan Alpha REIT Co., Ltd. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

How to buy Shinhan Alpha REIT Co., Ltd. Stock?
Shinhan Alpha REIT Co., Ltd. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Shinhan Alpha REIT Co., Ltd. Stock.

What's the current price of Shinhan Alpha REIT Co., Ltd. Stock?
As of the end of day on the Jun 26, 2024, the price of an Shinhan Alpha REIT Co., Ltd. (293940.KS) share was ₩6,250.00.

What is the 52-week high and low for Shinhan Alpha REIT Co., Ltd. Stock?
The 52-week high for Shinhan Alpha REIT Co., Ltd. Stock is ₩7,400.00 and the 52-week low is ₩5,840.00.

What is the market capitalization of Shinhan Alpha REIT Co., Ltd. Stock?
As of the Jun 26, 2024, the market capitalization of Shinhan Alpha REIT Co., Ltd. is 550.626B.
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