Dongbang Transport Logistics Co., Ltd. Stock Forecast
Dongbang Transport Logistics Co., Ltd. stock upgraded from Buy Candidate to Strong Buy Candidate after Friday trading session.
(Updated on Jun 28, 2024)
The Dongbang Transport Logistics Co., Ltd. stock price gained 4.93% on the last trading day (Friday, 28th Jun 2024), rising from ₩3,350.00 to ₩3,515.00. During the last trading day the stock fluctuated 8.12% from a day low at ₩3,385.00 to a day high of ₩3,660.00. The price has risen in 6 of the last 10 days and is up by 14.12% over the past 2 weeks. Volume fell on the last day by -6 million shares and in total, 11 million shares were bought and sold for approximately ₩37.28 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at ₩3,457.62, a level that may pose a second chance to hit a runner. According to fan-theory ₩4,076.78 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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004140.KS Signals & Forecast
Mostly positive signals in the chart today. 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 ₩3,440.71 and ₩2,726.00. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 35.45%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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.
Golden Star
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
Dongbang Transport Logistics Co., Ltd. finds support from accumulated volume at ₩3,500.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 ₩275.00 between high and low, or 8.12%. For the last week, the stock has had daily average volatility of 9.89%.
Our recommended stop-loss: ₩3,408.85 (-3.02%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (004140.KS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Dongbang Transport Logistics Co., Ltd. to open at ₩3,520.00, and during the day (based on 14 day Average True Range), to move between ₩3,231.39 and ₩3,798.61, which gives a possible trading interval of +/-₩283.61 (+/-8.07%) 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 16.14% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₩3,500.00, some ₩15.00 (0.43%) from the current price of ₩3,515.00, our system finds the risk reward attractive.
Is Dongbang Transport Logistics Co., Ltd. stock A Buy?
Dongbang Transport Logistics Co., Ltd. holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.625 Strong Buy Candidate Upgraded
Predicted Opening Price for Dongbang Transport Logistics Co., Ltd. of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
₩3,520.00 ( 0.142%) | ₩3,515.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 004140.KS
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 3,795.00 | 7.97% |
R2 | 3,689.95 | 4.98% |
R1 | 3,625.05 | 3.13% |
Price | 3,515.00 | |
S1 | 3,414.95 | -2.85% |
S2 | 3,350.05 | -4.69% |
S3 | 3,245.00 | -7.68% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0 | - |
R1 | 0 | - |
Price | 3,515.00 | |
S1 | 3,500.00 | -0.427% |
S2 | 3,075.00 | -12.52% |
S3 | 2,990.00 | -14.94% |
004140 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 27, 2023 | Dec 27, 2023 | Mar 29, 2024 | ₩20.00 | 0.90% |
2 | Dec 27, 2018 | Dec 27, 2018 | Dec 27, 2018 | ₩9.58 | 0.705% |
3 | Dec 27, 2017 | Dec 27, 2017 | Dec 27, 2017 | ₩9.58 | 0.670% |
4 | Dec 28, 2016 | Dec 28, 2016 | Dec 28, 2016 | ₩9.58 | 0.479% |
5 | Dec 29, 2015 | Dec 29, 2015 | Dec 29, 2015 | ₩8.60 | 0.377% |
FAQ
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