LVMC Holdings Stock Forecast
Red day on Friday for LVMC Holdings
(Updated on May 17, 2024)
The LVMC Holdings stock price fell by -1.62% on the last day (Friday, 17th May 2024) from ₩2,785.00 to ₩2,740.00. During the last trading day the stock fluctuated 1.83% from a day low at ₩2,735.00 to a day high of ₩2,785.00. The price has been going up and down for this period, and there has been a -2.84% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -594 thousand shares and in total, 788 thousand shares were bought and sold for approximately ₩2.16 billion.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at ₩2,691.15 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect LVMC Holdings stock with a 90% probability to be traded between ₩2,641.45 and ₩3,068.36 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
900140.KS Signals & Forecast
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. The LVMC Holdings 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 ₩2,827.86 and ₩2,876.43. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 02, 2024, and so far it has fallen -13.15%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for LVMC Holdings stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 ₩50.00 between high and low, or 1.83%. For the last week the stock has had daily average volatility of 2.89%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (900140.KS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect LVMC Holdings to open at ₩2,753.33, and during the day (based on 14 day Average True Range), to move between ₩2,660.64 and ₩2,819.36, which gives a possible trading interval of +/-₩79.36 (+/-2.90%) up or down from last closing price. If LVMC Holdings takes out the full calculated possible swing range there will be an estimated 5.79% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ ₩2,785.00, some ₩45.00 (1.64%) from the current price of ₩2,740.00, our system finds the risk reward not very attractive.
Is LVMC Holdings stock A Buy?
LVMC Holdings 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: -2.369 Sell Candidate Unchanged
Predicted Opening Price for LVMC Holdings of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ₩2,753.33 ( 0.487%) | ₩2,740.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 900140.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,803.33 | 2.31 % | |
| R2 | 2,784.23 | 1.61 % | ||
| R1 | 2,772.43 | 1.18 % | ||
| Current price: | 2,740.00 | |||
| Support | S1 | 2,734.23 | -0.210 % | |
| S2 | 2,722.43 | -0.641 % | ||
| S3 | 2,703.33 | -1.34 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,155.00 | 15.15 % | |
| R2 | 2,910.00 | 6.20 % | ||
| R1 | 2,785.00 | 1.64 % | ||
| Current price | 2,740.00 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
900140 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2017 | Dec 27, 2017 | Dec 27, 2017 | ₩75.16 | 1.82% |
| 2 | Dec 28, 2016 | Dec 28, 2016 | Dec 28, 2016 | ₩75.16 | 1.07% |
| 3 | Dec 29, 2015 | Dec 29, 2015 | Dec 29, 2015 | ₩62.63 | 0.736% |
| 4 | Dec 29, 2014 | Dec 29, 2014 | Dec 29, 2014 | ₩12.53 | 0.0748% |
| 5 | Dec 27, 2013 | Dec 27, 2013 | Dec 27, 2013 | ₩7.09 | 0.0303% |
FAQ
Click here for our free guide on how to buy LVMC Holdings Stock.
