Daelim Trading Co., Ltd. Stock Forecast
Red day on Friday for Daelim Trading Co., Ltd.
(Updated on Apr 26, 2024)
The Daelim Trading Co., Ltd. stock price fell by -0.513% on the last day (Friday, 26th Apr 2024) from ₩2,925.00 to ₩2,910.00. During the last trading day the stock fluctuated 1.89% from a day low at ₩2,910.00 to a day high of ₩2,965.00. The price has fallen in 6 of the last 10 days and is down by -2.68% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -6 thousand shares and in total, 2 thousand shares were bought and sold for approximately ₩5.12 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Daelim Trading Co., Ltd. stock with a 90% probability to be traded between ₩2,811.20 and ₩3,034.12 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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006570.KS Signals & Forecast
There are few to no technical positive signals at the moment. The Daelim Trading Co., Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₩2,947.14 and ₩2,956.43. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -3.32%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Daelim Trading Co., Ltd. stock
Daelim Trading Co., Ltd. finds support from accumulated volume at ₩2,905.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved ₩55.00 between high and low, or 1.89%. For the last week the stock has had daily average volatility of 2.61%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (006570.KS) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Daelim Trading Co., Ltd. to open at ₩2,928.33, and during the day (based on 14 day Average True Range), to move between ₩2,811.85 and ₩3,008.15, which gives a possible trading interval of +/-₩98.15 (+/-3.37%) up or down from last closing price. If Daelim Trading Co., Ltd. takes out the full calculated possible swing range there will be an estimated 6.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩2,905.00 (0.17%) than the resistance at ₩2,940.00 (1.03%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Daelim Trading Co., Ltd. stock A Buy?
Daelim Trading Co., Ltd. holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.739 Sell Candidate Unchanged
Predicted Opening Price for Daelim Trading Co., Ltd. of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| ₩2,928.33 ( 0.630%) | ₩2,910.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 006570.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,983.33 | 2.52 % | |
| R2 | 2,962.32 | 1.80 % | ||
| R1 | 2,949.34 | 1.35 % | ||
| Current price: | 2,910.00 | |||
| Support | S1 | 2,907.32 | -0.0920 % | |
| S2 | 2,894.34 | -0.538 % | ||
| S3 | 2,873.33 | -1.26 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,995.00 | 2.92 % | |
| R2 | 2,990.00 | 2.75 % | ||
| R1 | 2,940.00 | 1.03 % | ||
| Current price | 2,910.00 | |||
| Support | S1 | 2,905.00 | -0.172% | |
| S2 | 2,850.00 | -2.06% | ||
| S3 | 2,825.00 | -2.92% |
006570 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 15, 2024 | ₩30.00 | 1.03% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩30.00 | 0.794% |
| 3 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩150.00 | 3.61% |
| 4 | Dec 27, 2018 | Dec 27, 2018 | Dec 27, 2018 | ₩150.00 | 3.59% |
| 5 | Dec 27, 2017 | Dec 27, 2017 | Dec 27, 2017 | ₩150.00 | 2.76% |
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