Doosan Corporation Stock Forecast
Doosan Corporation stock upgraded to Buy Candidate.
(Updated on May 14, 2024)
The Doosan Corporation stock price fell by -4.40% on the last day (Tuesday, 14th May 2024) from ₩170,400.00 to ₩162,900.00. During the last trading day the stock fluctuated 4.36% from a day low at ₩162,900.00 to a day high of ₩170,000.00. The price has risen in 6 of the last 10 days and is up by 18.39% over the past 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 -13 thousand shares and in total, 136 thousand shares were bought and sold for approximately ₩22.14 billion.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 65.19% during the next 3 months and, with a 90% probability hold a price between ₩238,912.39 and ₩283,378.25 at the end of this 3-month period.
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000150.KS Signals & Forecast
The Doosan Corporation 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 ₩161,571.43 and ₩147,920.00. 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 Monday, May 13, 2024, and so far it has fallen -4.40%. 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 Doosan Corporation stock
Doosan Corporation finds support from accumulated volume at ₩155,500.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₩7,100.00 between high and low, or 4.36%. For the last week, the stock has had daily average volatility of 5.39%.
Our recommended stop-loss: ₩154,408.78 (-5.21%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (000150.KS) For The Upcoming Trading Day Of Thursday 16th
For the upcoming trading day on Thursday, 16th we expect Doosan Corporation to open at ₩165,266.67, and during the day (based on 14 day Average True Range), to move between ₩152,608.40 and ₩173,191.60, which gives a possible trading interval of +/-₩10,291.60 (+/-6.32%) up or down from last closing price. If Doosan Corporation takes out the full calculated possible swing range there will be an estimated 12.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩164,000.00 (0.68%) than the support at ₩155,500.00 (4.54%), 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 Doosan Corporation 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 Doosan Corporation 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: 2.996 Buy Candidate Upgraded
Predicted Opening Price for Doosan Corporation of Thursday, May 16, 2024
| Fair opening price May 16, 2024 | Current price |
|---|---|
| ₩165,266.67 ( 1.45%) | ₩162,900.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000150.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 172,366.67 | 5.81 % | |
| R2 | 169,654.47 | 4.15 % | ||
| R1 | 167,978.87 | 3.12 % | ||
| Current price: | 162,900.00 | |||
| Support | S1 | 162,554.47 | -0.212 % | |
| S2 | 160,878.87 | -1.24 % | ||
| S3 | 158,166.67 | -2.91 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 170,400.00 | 4.60 % | ||
| R1 | 164,000.00 | 0.675 % | ||
| Current price | 162,900.00 | |||
| Support | S1 | 155,500.00 | -4.54% | |
| S2 | 145,000.00 | -10.99% | ||
| S3 | 128,600.00 | -21.06% |
000150 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 01, 2024 | Apr 01, 2024 | May 01, 2024 | ₩2,000.00 | 1.31% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩2,000.00 | 2.39% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩2,000.00 | 1.71% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩2,000.00 | 3.80% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩1,300.00 | 1.85% |
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