Dong-A Socio Holdings Co., Ltd. Stock Forecast
Dong-A Socio Holdings Co., Ltd. stock downgraded to Hold/Accumulate
(Updated on Jun 14, 2024)
The Dong-A Socio Holdings Co., Ltd. stock price gained 3.03% on the last trading day (Friday, 14th Jun 2024), rising from ₩105,700.00 to ₩108,900.00. 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 3.50% from a day low at ₩105,600.00 to a day high of ₩109,300.00. The price has risen in 7 of the last 10 days and is up by 5.93% 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, 4 thousand more shares were traded than the day before. In total, 11 thousand shares were bought and sold for approximately ₩1.20 billion.
Given the current short-term trend, the stock is expected to fall -13.32% during the next 3 months and, with a 90% probability hold a price between ₩83,802.51 and ₩94,399.20 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
000640.KS Signals & Forecast
The Dong-A Socio Holdings Co., Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ₩104,042.86 and ₩106,297.14. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, May 27, 2024, and so far it has risen 8.57%. 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 Dong-A Socio Holdings Co., Ltd. stock
Dong-A Socio Holdings Co., Ltd. finds support from accumulated volume at ₩106,900.00 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 ₩3,700.00 (3.50%) between high and low. For the last week, the stock has had daily average volatility of 2.75%.
Our recommended stop-loss: ₩104,783.58 (-3.78%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 42 days ago.)
Trading Expectations (000640.KS) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Dong-A Socio Holdings Co., Ltd. to open at ₩107,933.33, and during the day (based on 14 day Average True Range), to move between ₩106,323.31 and ₩111,476.69, which gives a possible trading interval of +/-₩2,576.69 (+/-2.37%) 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 4.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩106,900.00 (1.84%) than the resistance at ₩113,500.00 (4.22%), 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?
Dong-A Socio Holdings Co., Ltd. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Dong-A Socio Holdings Co., Ltd. of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| ₩107,933.33 ( 0.89%) | ₩108,900.00 |
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 | 111,633.33 | 2.51% |
| R2 | 110,219.93 | 1.21% |
| R1 | 109,346.73 | 0.410% |
| Price | 108,900.00 | |
| S1 | 106,519.93 | -2.19% |
| S2 | 105,646.73 | -2.99% |
| S3 | 104,233.33 | -4.29% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 119,000.00 | 9.27% |
| R2 | 118,200.00 | 8.54% |
| R1 | 113,500.00 | 4.22% |
| Price | 108,900.00 | |
| S1 | 106,900.00 | -1.84% |
| S2 | 104,100.00 | -4.41% |
| S3 | 100,300.00 | -7.90% |
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
Click here for our free guide on how to buy Dong-A Socio Holdings Co., Ltd. Stock.
