RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of PKX
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POSCO stock price ended at $78.42 on Thursday, after losing 2.17%.
(Updated on Mar 28, 2024)

Sell candidate since Mar 14, 2024 Loss -4.98% PDF

The POSCO stock price fell by -2.17% on the last day (Thursday, 28th Mar 2024) from $80.16 to $78.42. During the last trading day the stock fluctuated 1.04% from a day low at $78.10 to a day high of $78.91. The price has fallen in 6 of the last 10 days and is down by -4.98% for this period. 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 -1 thousand shares and in total, 80 thousand shares were bought and sold for approximately $6.25 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 -4.80% during the next 3 months and, with a 90% probability hold a price between $67.23 and $79.86 at the end of this 3-month period.

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PKX Signals & Forecast

There are few to no technical positive signals at the moment. The POSCO 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 $80.00 and $82.24. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, February 12, 2024, and so far it has fallen -8.92%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 POSCO stock

POSCO finds support from accumulated volume at $78.19 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.81 (1.04%) between high and low. For the last week, the stock has had daily average volatility of 1.58%.

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

Trading Expectations (PKX) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect POSCO to open at $78.48, and during the day (based on 14 day Average True Range), to move between $76.67 and $80.17, which gives a possible trading interval of +/-$1.75 (+/-2.24%) up or down from last closing price. If POSCO takes out the full calculated possible swing range there will be an estimated 4.47% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $78.19 (0.29%) than the resistance at $79.68 (1.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is POSCO stock A Buy?

POSCO 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: -4.646 Sell Candidate Unchanged

Predicted Opening Price for POSCO of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$78.48 ( 0.0723%) $78.42

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

Trading levels for PKX

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 79.29 1.11 %
R2 78.98 0.711 %
R1 78.79 0.467 %
Current price: 78.42
Support S1 78.17 -0.322 %
S2 77.98 -0.566 %
S3 77.67 -0.96 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 84.40 7.63 %
R2 81.50 3.93 %
R1 79.68 1.61 %
Current price 78.42
Support S1 78.19 -0.293%
S2 75.80 -3.34%
S3 73.80 -5.89%

PKX Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 31, 2024 Mar 28, 2024 Apr 26, 2024 $0.374 0.477%
2 Jan 31, 2024 Feb 28, 2024 Feb 28, 2024 $0.371 0.462%
3 Jan 31, 2024 Feb 27, 2024 Feb 27, 2024 $0.468 0.588%
4 Sep 07, 2023 Sep 28, 2023 Dec 01, 2023 $0.380 0.407%
5 Jun 15, 2023 Jun 29, 2023 Sep 06, 2023 $0.370 0.341%

FAQ

What is the symbol for POSCO Stock and on which exchange is it traded?
The symbol for POSCO is PKX and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell POSCO Stock?
POSCO 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.

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

What's the current price of POSCO Stock?
As of the end of day on the 2024-03-28, the price of an POSCO (PKX) share was $78.42.

What is the 52-week high and low for POSCO Stock?
The 52-week high for POSCO Stock is $133.09 and the 52-week low is $65.01.

What is the market capitalization of POSCO Stock?
As of the 2024-03-28, the market capitalization of POSCO is 23.801B.

When is the next earnings date for POSCO?
The upcoming earnings date for POSCO is Apr 25, 2024.
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About POSCO

POSCO POSCO Holdings Inc., together with its subsidiaries, manufactures and sells steel rolled products and plates in South Korea and internationally. It operates through four segments: Steel, Construction, Trading, and Others. The company offers hot and cold rolled steel, steel plates, wire rods, galvanized sheets, electrical steel, stainless steel, and titanium. It also engages in the design, manufacture, and construction of steel mills and their fac... PKX Profile

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