Doosan Corporation Stock Forecast
Doosan Corporation stock price up 0.128% on Friday
(Updated on May 10, 2024)
The Doosan Corporation stock price gained 0.128% on the last trading day (Friday, 10th May 2024), rising from ₩78,200.00 to ₩78,300.00. During the last trading day the stock fluctuated 2.58% from a day low at ₩77,500.00 to a day high of ₩79,500.00. The price has risen in 8 of the last 10 days and is up by 8.3% over the past 2 weeks. Volume fell on the last day by -132 shares and in total, 657 shares were bought and sold for approximately ₩51.44 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 12.02% during the next 3 months and, with a 90% probability hold a price between ₩80,978.53 and ₩99,010.38 at the end of this 3-month period.
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000157.KS Signals & Forecast
Mostly positive signals in the chart today. 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 ₩77,385.71 and ₩76,140.00. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 11.54%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Doosan Corporation stock
Doosan Corporation finds support from accumulated volume at ₩75,000.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₩2,000.00 between high and low, or 2.58%. For the last week, the stock has had daily average volatility of 4.29%.
Our recommended stop-loss: ₩75,587.21 (-3.46%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (000157.KS) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Doosan Corporation to open at ₩78,433.33, and during the day (based on 14 day Average True Range), to move between ₩75,135.49 and ₩81,464.51, which gives a possible trading interval of +/-₩3,164.51 (+/-4.04%) up or down from last closing price. If Doosan Corporation takes out the full calculated possible swing range there will be an estimated 8.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩78,600.00 (0.38%) than the support at ₩75,000.00 (4.21%), 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?
Doosan Corporation holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 5.626 Strong Buy Candidate Unchanged
Predicted Opening Price for Doosan Corporation of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| ₩78,433.33 ( 0.170%) | ₩78,300.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000157.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 80,433.33 | 2.72 % | |
| R2 | 79,669.33 | 1.75 % | ||
| R1 | 79,197.33 | 1.15 % | ||
| Current price: | 78,300.00 | |||
| Support | S1 | 77,669.33 | -0.81 % | |
| S2 | 77,197.33 | -1.41 % | ||
| S3 | 76,433.33 | -2.38 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 82,600.00 | 5.49 % | |
| R2 | 82,400.00 | 5.24 % | ||
| R1 | 78,600.00 | 0.383 % | ||
| Current price | 78,300.00 | |||
| Support | S1 | 75,000.00 | -4.21% | |
| S2 | 74,100.00 | -5.36% | ||
| S3 | 71,700.00 | -8.43% |
000157 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 01, 2024 | Apr 01, 2024 | May 01, 2024 | ₩2,000.00 | 2.65% |
| 2 | Dec 27, 2023 | Dec 27, 2023 | Apr 29, 2024 | ₩2,000.00 | 2.68% |
| 3 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩2,000.00 | 2.43% |
| 4 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩2,000.00 | 1.95% |
| 5 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩2,000.00 | 3.03% |
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