Shinhan Alpha REIT Co., Ltd. Stock Forecast
Red day on Monday for Shinhan Alpha REIT Co., Ltd.
(Updated on Jun 17, 2024)
No changes to the price of Shinhan Alpha REIT Co., Ltd. stock on the last trading day (Monday, 17th Jun 2024). During the last trading day the stock fluctuated 2.14% from a day low at ₩6,070.00 to a day high of ₩6,200.00. The price has fallen in 7 of the last 10 days and is down by -3.17% for this period.
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 -8.23% during the next 3 months and, with a 90% probability hold a price between ₩5,154.87 and ₩6,029.03 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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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 1.83%. Further rise is indicated until a new top pivot has been found. 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 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 ₩6,208.57 and ₩6,316.29. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for Shinhan Alpha REIT Co., Ltd. stock
Shinhan Alpha REIT Co., Ltd. finds support from accumulated volume at ₩6,020.00 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 ₩130.00 between high and low, or 2.14%. For the last week the stock has had daily average volatility of 1.95%.
Shinhan Alpha REIT Co., Ltd. is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
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 Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Shinhan Alpha REIT Co., Ltd. to open at ₩6,126.67, and during the day (based on 14 day Average True Range), to move between ₩6,008.16 and ₩6,211.84, which gives a possible trading interval of +/-₩101.84 (+/-1.67%) 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 3.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩6,020.00 (1.47%) than the resistance at ₩6,300.00 (3.11%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Shinhan Alpha REIT Co., Ltd. will release earnings BMO on Thursday, June 20, 2024. We will update the financials statements for Shinhan Alpha REIT Co., Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.39% in the first trading day after earnings release.
Is Shinhan Alpha REIT Co., Ltd. stock A Buy?
Shinhan Alpha REIT Co., Ltd. holds several negative signals and is within a 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: -1.862 Sell Candidate Unchanged
Predicted Opening Price for Shinhan Alpha REIT Co., Ltd. of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| ₩6,126.67 ( 0.273%) | ₩6,110.00 |
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 | 6,256.67 | 2.40% |
| R2 | 6,207.01 | 1.59% |
| R1 | 6,176.33 | 1.09% |
| Price | 6,110.00 | |
| S1 | 6,077.01 | -0.540% |
| S2 | 6,046.33 | -1.04% |
| S3 | 5,996.67 | -1.85% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6,720.00 | 9.98% |
| R2 | 6,380.00 | 4.42% |
| R1 | 6,300.00 | 3.11% |
| Price | 6,110.00 | |
| S1 | 6,020.00 | -1.47% |
| S2 | 6,010.00 | -1.64% |
| S3 | 6,000.00 | -1.80% |
293940 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Jul 01, 2024 | ₩190.00 | 3.13% |
| 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% |
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