DB Insurance Co., Ltd. Stock Forecast
Stronger technical forecast for DB Insurance Co., Ltd. stock price after Wednesday trading.
(Updated on May 08, 2024)
The DB Insurance Co., Ltd. stock price gained 2.10% on the last trading day (Wednesday, 8th May 2024), rising from ₩95,200.00 to ₩97,200.00. During the last trading day the stock fluctuated 2.20% from a day low at ₩95,600.00 to a day high of ₩97,700.00. The price has been going up and down for this period, and there has been a 4.18% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 thousand more shares were traded than the day before. In total, 119 thousand shares were bought and sold for approximately ₩11.55 billion.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.34% during the next 3 months and, with a 90% probability hold a price between ₩82,841.10 and ₩98,766.23 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
005830.KS Signals & Forecast
Mostly positive signals in the chart today. The DB Insurance 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 ₩96,542.86 and ₩95,908.57. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 03, 2024, and so far it has risen 4.29%. 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 DB Insurance Co., Ltd. stock
DB Insurance Co., Ltd. finds support from accumulated volume at ₩95,500.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock 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 ₩2,100.00 between high and low, or 2.20%. For the last week, the stock has had daily average volatility of 3.30%.
Our recommended stop-loss: ₩93,161.40 (-4.15%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (005830.KS) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect DB Insurance Co., Ltd. to open at ₩96,833.33, and during the day (based on 14 day Average True Range), to move between ₩93,473.89 and ₩100,926.11, which gives a possible trading interval of +/-₩3,726.11 (+/-3.83%) up or down from last closing price. If DB Insurance Co., Ltd. takes out the full calculated possible swing range there will be an estimated 7.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩95,500.00 (1.75%) than the resistance at ₩100,000.00 (2.88%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
DB Insurance Co., Ltd. will release earnings BMO on Friday, May 10, 2024. We will update the financials statements for DB Insurance Co., Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.37% in the first trading day after earnings release.
Is DB Insurance Co., Ltd. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.664 Buy Candidate Upgraded
Predicted Opening Price for DB Insurance Co., Ltd. of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| ₩96,833.33 ( 0.377%) | ₩97,200.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 005830.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 98,933.33 | 1.78 % | |
| R2 | 98,131.13 | 0.96 % | ||
| R1 | 97,635.53 | 0.448 % | ||
| Current price: | 97,200.00 | |||
| Support | S1 | 96,031.13 | -1.20 % | |
| S2 | 95,535.53 | -1.71 % | ||
| S3 | 94,733.33 | -2.54 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 106,200.00 | 9.26 % | |
| R2 | 101,900.00 | 4.84 % | ||
| R1 | 100,000.00 | 2.88 % | ||
| Current price | 97,200.00 | |||
| Support | S1 | 95,500.00 | -1.75% | |
| S2 | 95,200.00 | -2.06% | ||
| S3 | 95,000.00 | -2.26% |
005830 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Apr 01, 2024 | ₩5,300.00 | 5.69% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩4,600.00 | 6.97% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩3,500.00 | 6.48% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩2,200.00 | 5.04% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩1,500.00 | 2.84% |
FAQ
Click here for our free guide on how to buy DB Insurance Co., Ltd. Stock.
