Dongbang Transport Logistics Co., Ltd. Stock Forecast

Volatile ride for Dongbang Transport Logistics Co., Ltd. stock price on Monday moving between ₩3,270.00 and ₩3,835.00
(Updated on Jun 24, 2024)

004140.KS Signals & Forecast

The Dongbang Transport Logistics 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 ₩3,190.71 and ₩2,584.00. 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). Volume is rising along with the price. This is considered to be a good technical signal. 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, June 20, 2024, and so far it has fallen -0.571%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Friday, May 24, 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 Dongbang Transport Logistics Co., Ltd. stock

On the downside, the stock finds support just below today's level from accumulated volume at ₩3,075.00 and ₩2,990.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Dongbang Transport Logistics Co., Ltd. finds support just below today's level at ₩3,075.00. If this is broken, then the next support from accumulated volume will be at ₩2,990.00 and ₩2,960.00.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved ₩565.00 between high and low, or 17.28%. For the last week, the stock has had daily average volatility of 13.35%.

Our recommended stop-loss: ₩3,344.78 (-3.89%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 9 days ago.)

Trading Expectations (004140.KS) For The Upcoming Trading Day Of Tuesday 25th

For the upcoming trading day on Tuesday, 25th we expect Dongbang Transport Logistics Co., Ltd. to open at ₩3,528.33, and during the day (based on 14 day Average True Range), to move between ₩3,199.48 and ₩3,760.52, which gives a possible trading interval of +/-₩280.52 (+/-8.06%) up or down from last closing price. If Dongbang Transport Logistics Co., Ltd. takes out the full calculated possible swing range there will be an estimated 16.12% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₩3,500.00 (0.57%) than the support at ₩3,075.00 (11.64%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Dongbang Transport Logistics 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 Dongbang Transport Logistics Co., Ltd. stock to perform well in the short-term.

Current score: 3.851 Buy Candidate Unchanged

Predicted Opening Price for Dongbang Transport Logistics Co., Ltd. of Tuesday, June 25, 2024

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