IGIS Value Plus REIT Co., Ltd. Stock Forecast
IGIS Value Plus REIT Co., Ltd. stock upgraded to Buy Candidate.
(Updated on May 20, 2024)
The IGIS Value Plus REIT Co., Ltd. stock price gained 0.592% on the last trading day (Monday, 20th May 2024), rising from ₩5,070.00 to ₩5,100.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.58% from a day low at ₩5,060.00 to a day high of ₩5,140.00. The price has risen in 6 of the last 10 days and is up by 3.13% 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, 51 thousand more shares were traded than the day before. In total, 123 thousand shares were bought and sold for approximately ₩628.30 million.
The stock lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at ₩5,158.22 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 9.17% during the next 3 months and, with a 90% probability hold a price between ₩5,148.93 and ₩5,631.16 at the end of this 3-month period.
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334890.KS Signals & Forecast
The IGIS Value Plus REIT 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 ₩5,061.43 and ₩4,829.43. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 28, 2024, and so far it has risen 14.09%. 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 IGIS Value Plus REIT Co., Ltd. stock
IGIS Value Plus REIT Co., Ltd. finds support from accumulated volume at ₩5,070.00 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 ₩80.00 between high and low, or 1.58%. For the last week the stock has had daily average volatility of 1.35%.
Our recommended stop-loss: ₩4,911.30 (-3.70%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 45 days ago.)
Trading Expectations (334890.KS) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect IGIS Value Plus REIT Co., Ltd. to open at ₩5,100.00, and during the day (based on 14 day Average True Range), to move between ₩5,024.00 and ₩5,176.00, which gives a possible trading interval of +/-₩76.00 (+/-1.49%) up or down from last closing price. If IGIS Value Plus REIT Co., Ltd. takes out the full calculated possible swing range there will be an estimated 2.98% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₩5,070.00, some ₩30.00 (0.59%) from the current price of ₩5,100.00, our system finds the risk reward attractive.
Is IGIS Value Plus REIT 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 IGIS Value Plus REIT 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: 4.690 Buy Candidate Upgraded
Predicted Opening Price for IGIS Value Plus REIT Co., Ltd. of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| ₩5,100.00 ( 0%) | ₩5,100.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 334890.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5,180.00 | 1.57 % | |
| R2 | 5,149.44 | 0.97 % | ||
| R1 | 5,130.56 | 0.599 % | ||
| Current price: | 5,100.00 | |||
| Support | S1 | 5,069.44 | -0.599 % | |
| S2 | 5,050.56 | -0.97 % | ||
| S3 | 5,020.00 | -1.57 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 5,100.00 | |||
| Support | S1 | 5,070.00 | -0.588% | |
| S2 | 4,755.00 | -6.76% | ||
| S3 | 4,720.00 | -7.45% |
334890 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 28, 2024 | Feb 28, 2024 | May 31, 2024 | ₩213.00 | 4.18% |
| 2 | Aug 30, 2023 | Aug 30, 2023 | Dec 06, 2023 | ₩201.00 | 4.30% |
| 3 | Feb 27, 2023 | Feb 27, 2023 | Feb 27, 2023 | ₩213.00 | 4.57% |
| 4 | Aug 30, 2022 | Aug 30, 2022 | Aug 30, 2022 | ₩152.00 | 3.20% |
| 5 | Feb 25, 2022 | Feb 25, 2022 | Feb 25, 2022 | ₩152.00 | 2.75% |
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