Daehan Flour Mills Co.,Ltd Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Tuesday for Daehan Flour Mills Co.,Ltd stock after losing 0%
(Updated on Jul 02, 2024)
No changes to the price of Daehan Flour Mills Co.,Ltd stock on the last trading day (Tuesday, 2nd Jul 2024). During the last trading day the stock fluctuated 1.00% from a day low at ₩140,600.00 to a day high of ₩142,000.00. The price has risen in 5 of the last 10 days but is still down by -2.56% for this period.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₩138,941.52 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 8.78% during the next 3 months and, with a 90% probability hold a price between ₩151,136.53 and ₩161,019.31 at the end of this 3-month period.
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001130.KS Signals & Forecast
The Daehan Flour Mills 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 ₩140,871.43. On a fall, the stock will find some support from the long-term average at approximately ₩139,602.86. 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. 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, June 17, 2024, and so far it has fallen -3.57%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for Daehan Flour Mills Co.,Ltd stock
Daehan Flour Mills Co.,Ltd finds support from accumulated volume at ₩140,000.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock 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 ₩1,400.00 (1.00%) between high and low. For the last week, the stock has had daily average volatility of 1.09%.
Our recommended stop-loss: ₩134,960.07 (-4.01%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (001130.KS) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Daehan Flour Mills Co.,Ltd to open at ₩141,066.67, and during the day (based on 14 day Average True Range), to move between ₩137,886.23 and ₩143,313.77, which gives a possible trading interval of +/-₩2,713.77 (+/-1.93%) up or down from last closing price. If Daehan Flour Mills Co.,Ltd takes out the full calculated possible swing range there will be an estimated 3.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩140,000.00 (0.43%) than the resistance at ₩141,800.00 (0.85%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Daehan Flour Mills Co.,Ltd 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 Daehan Flour Mills Co.,Ltd stock to perform well in the short-term.
Current score: 2.658 Buy Candidate Unchanged
Predicted Opening Price for Daehan Flour Mills Co.,Ltd of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| ₩141,066.67 ( 0.332%) | ₩140,600.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 001130.KS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 142,466.67 | 1.33% |
| R2 | 141,931.87 | 0.95% |
| R1 | 141,601.47 | 0.712% |
| Price | 140,600.00 | |
| S1 | 140,531.87 | -0.0485% |
| S2 | 140,201.47 | -0.283% |
| S3 | 139,666.67 | -0.664% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 145,800.00 | 3.70% |
| R2 | 144,100.00 | 2.49% |
| R1 | 141,800.00 | 0.85% |
| Price | 140,600.00 | |
| S1 | 140,000.00 | -0.427% |
| S2 | 139,800.00 | -0.569% |
| S3 | 135,100.00 | -3.91% |
001130 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 12, 2024 | ₩2,500.00 | 1.93% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩2,500.00 | 1.83% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩2,500.00 | 1.62% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩2,000.00 | 1.23% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩2,000.00 | 1.37% |
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