Dong-A Socio Holdings Co., Ltd. Stock Forecast
Dong-A Socio Holdings Co., Ltd. stock price down 1.02% on Friday
(Updated on Jun 21, 2024)
The Dong-A Socio Holdings Co., Ltd. stock price fell by -1.02% on the last day (Friday, 21st Jun 2024) from ₩107,800.00 to ₩106,700.00. During the last trading day the stock fluctuated 2.65% from a day low at ₩105,600.00 to a day high of ₩108,400.00. The price has risen in 6 of the last 10 days and is up by 4.81% 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 -2 thousand shares and in total, 5 thousand shares were bought and sold for approximately ₩524.22 million.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at ₩107,963.11 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -12.59% during the next 3 months and, with a 90% probability hold a price between ₩83,591.63 and ₩94,368.25 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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000640.KS Signals & Forecast
The Dong-A Socio Holdings Co., Ltd. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₩107,500.00. On a fall, the stock will find some support from the long-term average at approximately ₩105,485.71. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Monday, May 27, 2024, and so far it has risen 6.38%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 Dong-A Socio Holdings Co., Ltd. stock
Dong-A Socio Holdings Co., Ltd. finds support from accumulated volume at ₩105,700.00 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 ₩2,800.00 between high and low, or 2.65%. For the last week, the stock has had daily average volatility of 2.60%.
Our recommended stop-loss: ₩102,901.48 (-3.56%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 47 days ago.)
Trading Expectations (000640.KS) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Dong-A Socio Holdings Co., Ltd. to open at ₩106,900.00, and during the day (based on 14 day Average True Range), to move between ₩104,060.34 and ₩109,339.66, which gives a possible trading interval of +/-₩2,639.66 (+/-2.47%) up or down from last closing price. If Dong-A Socio Holdings Co., Ltd. takes out the full calculated possible swing range there will be an estimated 4.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩105,700.00 (0.94%) than the resistance at ₩113,500.00 (6.37%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Dong-A Socio Holdings Co., Ltd. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.276 Buy Candidate Unchanged
Predicted Opening Price for Dong-A Socio Holdings Co., Ltd. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| ₩106,900.00 ( 0.187%) | ₩106,700.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000640.KS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 109,700.00 | 2.81% |
| R2 | 108,630.40 | 1.81% |
| R1 | 107,969.60 | 1.19% |
| Price | 106,700.00 | |
| S1 | 105,830.40 | -0.81% |
| S2 | 105,169.60 | -1.43% |
| S3 | 104,100.00 | -2.44% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 119,000.00 | 11.53% |
| R2 | 118,200.00 | 10.78% |
| R1 | 113,500.00 | 6.37% |
| Price | 106,700.00 | |
| S1 | 105,700.00 | -0.94% |
| S2 | 104,100.00 | -2.44% |
| S3 | 100,300.00 | -6.00% |
000640 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 18, 2024 | ₩1,000.00 | 0.86% |
| 2 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | ₩1,000.00 | 1.17% |
| 3 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩1,000.00 | 0.98% |
| 4 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | ₩500.00 | 0.490% |
| 5 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩1,000.00 | 0.84% |
FAQ
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