NH Prime REIT Co., Ltd. Stock Forecast
Red day on Friday for NH Prime REIT Co., Ltd.
(Updated on May 10, 2024)
The NH Prime REIT Co., Ltd. stock price fell by -0.227% on the last day (Friday, 10th May 2024) from ₩4,410.00 to ₩4,400.00. During the last trading day the stock fluctuated 0.796% from a day low at ₩4,395.00 to a day high of ₩4,430.00. The price has risen in 8 of the last 10 days and is up by 3.29% over the past 2 weeks. Volume has increased on the last day by 27 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 47 thousand shares were bought and sold for approximately ₩206.81 million.
The stock lies in the upper part of a narrow and 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 ₩4,414.25 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 6.03% during the next 3 months and, with a 90% probability hold a price between ₩4,511.31 and ₩4,680.42 at the end of this 3-month period.
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338100.KS Signals & Forecast
The NH Prime 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 ₩4,363.57 and ₩4,290.71. 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). 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 Thursday, May 09, 2024, and so far it has fallen -0.227%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Thursday, April 25, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Thursday, April 25, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for NH Prime REIT Co., Ltd. stock
NH Prime REIT Co., Ltd. finds support from accumulated volume at ₩4,270.00 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 ₩35.00 between high and low, or 0.796%. For the last week the stock has had daily average volatility of 0.94%.
The NH Prime REIT Co., Ltd. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: ₩4,294.13 (-2.41%) (This stock has low daily movements and this gives low risk. The RSI14 is 84 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (338100.KS) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect NH Prime REIT Co., Ltd. to open at ₩4,408.33, and during the day (based on 14 day Average True Range), to move between ₩4,362.82 and ₩4,437.18, which gives a possible trading interval of +/-₩37.18 (+/-0.84%) up or down from last closing price. If NH Prime REIT Co., Ltd. takes out the full calculated possible swing range there will be an estimated 1.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩4,410.00 (0.23%) than the support at ₩4,270.00 (2.95%), 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 NH Prime REIT Co., Ltd. stock A Buy?
NH Prime REIT Co., Ltd. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.040 Hold/Accumulate Unchanged
Predicted Opening Price for NH Prime REIT Co., Ltd. of Monday, May 13, 2024
Fair opening price May 13, 2024 | Current price |
---|---|
₩4,408.33 ( 0.189%) | ₩4,400.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 338100.KS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 4,443.33 | 0.98 % | |
R2 | 4,429.96 | 0.681 % | ||
R1 | 4,421.70 | 0.493 % | ||
Current price: | 4,400.00 | |||
Support | S1 | 4,394.96 | -0.114 % | |
S2 | 4,386.70 | -0.302 % | ||
S3 | 4,373.33 | -0.606 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 4,410.00 | 0.227 % | ||
Current price | 4,400.00 | |||
Support | S1 | 4,270.00 | -2.95% | |
S2 | 4,265.00 | -3.07% | ||
S3 | 4,025.00 | -8.52% |
338100 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 30, 2024 | May 30, 2024 | Aug 29, 2024 | ₩131.00 | 2.98% |
2 | Nov 29, 2023 | Nov 29, 2023 | Feb 28, 2024 | ₩115.00 | 2.76% |
3 | May 30, 2023 | May 30, 2023 | Aug 29, 2023 | ₩131.00 | 3.20% |
4 | Nov 29, 2022 | Nov 29, 2022 | Nov 29, 2022 | ₩115.00 | 2.85% |
5 | May 30, 2022 | May 30, 2022 | May 30, 2022 | ₩110.00 | 2.20% |
FAQ
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