DL Holdings CO., LTD. Stock Forecast
Stronger technical forecast for DL Holdings CO., LTD. stock price after Friday trading.
(Updated on May 17, 2024)
The DL Holdings CO., LTD. stock price gained 3.17% on the last trading day (Friday, 17th May 2024), rising from ₩56,700.00 to ₩58,500.00. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 5.15% from a day low at ₩56,300.00 to a day high of ₩59,200.00. The price has risen in 6 of the last 10 days and is up by 9.55% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 48 thousand more shares were traded than the day before. In total, 97 thousand shares were bought and sold for approximately ₩5.65 billion.
The stock has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at ₩58,425.66, a level that may pose a second chance to hit a runner. According to fan-theory ₩66,985.18 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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000210.KS Signals & Forecast
Mostly positive signals in the chart today. The DL Holdings 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 ₩55,857.14 and ₩52,885.71. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 20.62%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for DL Holdings CO., LTD. stock
DL Holdings CO., LTD. finds support from accumulated volume at ₩57,500.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock 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 ₩2,900.00 between high and low, or 5.15%. For the last week, the stock has had daily average volatility of 3.30%.
The DL Holdings CO., LTD. stock is extremely overbought on RSI14 (79). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stop-loss: ₩55,570.54 (-5.01%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 79 and this increases the risk substantially. There is a buy signal from a pivot bottom found 19 days ago.)
Trading Expectations (000210.KS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect DL Holdings CO., LTD. to open at ₩58,000.00, and during the day (based on 14 day Average True Range), to move between ₩56,507.38 and ₩60,492.62, which gives a possible trading interval of +/-₩1,992.62 (+/-3.41%) up or down from last closing price. If DL Holdings CO., LTD. takes out the full calculated possible swing range there will be an estimated 6.81% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₩57,500.00, some ₩1,000.00 (1.71%) from the current price of ₩58,500.00, our system finds the risk reward attractive.
Is DL Holdings CO., LTD. stock A Buy?
DL Holdings CO., LTD. holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.938 Strong Buy Candidate Upgraded
Predicted Opening Price for DL Holdings CO., LTD. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ₩58,000.00 ( 0.85%) | ₩58,500.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000210.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 60,900.00 | 4.10 % | |
| R2 | 59,792.20 | 2.21 % | ||
| R1 | 59,107.80 | 1.04 % | ||
| Current price: | 58,500.00 | |||
| Support | S1 | 56,892.20 | -2.75 % | |
| S2 | 56,207.80 | -3.92 % | ||
| S3 | 55,100.00 | -5.81 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 58,500.00 | |||
| Support | S1 | 57,500.00 | -1.71% | |
| S2 | 55,600.00 | -4.96% | ||
| S3 | 52,800.00 | -9.74% |
000210 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 22, 2024 | ₩1,000.00 | 1.98% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩1,000.00 | 1.64% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩1,900.00 | 3.08% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩2,929.82 | 2.59% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩2,929.82 | 3.30% |
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