Daishin Securities Co., Ltd. Stock Forecast

Daishin Securities Co., Ltd. stock downgraded from Buy Candidate to Hold/Accumulate after Monday trading session.
(Updated on May 20, 2024)

003540.KS Signals & Forecast

The Daishin Securities 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 ₩15,821.43 and ₩15,382.00. A breakdown below any of these levels will issue sell signals. 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 Thursday, May 16, 2024, and so far it has fallen -0.627%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Thursday, May 09, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Daishin Securities Co., Ltd. stock

Daishin Securities Co., Ltd. finds support from accumulated volume at ₩15,740.00 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 ₩150.00 between high and low, or 0.95%. For the last week, the stock has had daily average volatility of 1.77%.

Our recommended stop-loss: ₩15,409.37 (-2.78%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 20 days ago.)

Trading Expectations (003540.KS) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Daishin Securities Co., Ltd. to open at ₩15,866.67, and during the day (based on 14 day Average True Range), to move between ₩15,555.49 and ₩16,144.51, which gives a possible trading interval of +/-₩294.51 (+/-1.86%) up or down from last closing price. If Daishin Securities Co., Ltd. takes out the full calculated possible swing range there will be an estimated 3.72% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₩15,740.00 (0.69%) than the resistance at ₩15,980.00 (0.82%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Daishin Securities Co., Ltd. stock A Buy?

Daishin Securities 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: 0.625 Hold/Accumulate Downgraded

Predicted Opening Price for Daishin Securities Co., Ltd. of Tuesday, May 21, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.