Daiyang Metal Co., Ltd. Stock Forecast
Daiyang Metal Co., Ltd. stock price ended at ₩1,847.00 on Tuesday, after gaining 0.271%.
(Updated on Apr 30, 2024)
The Daiyang Metal Co., Ltd. stock price gained 0.271% on the last trading day (Tuesday, 30th Apr 2024), rising from ₩1,842.00 to ₩1,847.00. During the last trading day the stock fluctuated 2.94% from a day low at ₩1,802.00 to a day high of ₩1,855.00. The price has fallen in 7 of the last 10 days and is down by -18.27% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 118 thousand more shares were traded than the day before. In total, 625 thousand shares were bought and sold for approximately ₩1.15 billion.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₩1,845.45 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 40.23% during the next 3 months and, with a 90% probability hold a price between ₩2,587.94 and ₩4,025.56 at the end of this 3-month period.
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009190.KS Signals & Forecast
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. The Daiyang Metal 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 ₩1,895.00 and ₩2,160.34. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -26.12%. 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).
Support, Risk & Stop-loss for Daiyang Metal Co., Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at ₩1,725.00 and ₩1,660.00. 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, Daiyang Metal Co., Ltd. finds support just below today's level at ₩1,725.00. If this is broken, then the next support from accumulated volume will be at ₩1,660.00 and ₩1,551.00.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₩53.00 between high and low, or 2.94%. For the last week, the stock has had daily average volatility of 5.36%.
Daiyang Metal Co., Ltd. is oversold on RSI14 (10). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (009190.KS) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Daiyang Metal Co., Ltd. to open at ₩1,834.67, and during the day (based on 14 day Average True Range), to move between ₩1,713.55 and ₩1,980.45, which gives a possible trading interval of +/-₩133.45 (+/-7.23%) up or down from last closing price. If Daiyang Metal Co., Ltd. takes out the full calculated possible swing range there will be an estimated 14.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩1,915.00 (3.68%) than the support at ₩1,725.00 (6.61%), 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 Daiyang Metal Co., Ltd. stock A Buy?
The Daiyang Metal Co., Ltd. stock holds several negative signals and despite the positive trend, we believe Daiyang Metal Co., Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.149 Sell Candidate Unchanged
Predicted Opening Price for Daiyang Metal Co., Ltd. of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| ₩1,834.67 ( 0.668%) | ₩1,847.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 009190.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,887.67 | 2.20 % | |
| R2 | 1,867.42 | 1.11 % | ||
| R1 | 1,854.91 | 0.428 % | ||
| Current price: | 1,847.00 | |||
| Support | S1 | 1,814.42 | -1.76 % | |
| S2 | 1,801.91 | -2.44 % | ||
| S3 | 1,781.67 | -3.54 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,165.00 | 17.22 % | |
| R2 | 2,085.00 | 12.89 % | ||
| R1 | 1,915.00 | 3.68 % | ||
| Current price | 1,847.00 | |||
| Support | S1 | 1,725.00 | -6.61% | |
| S2 | 1,660.00 | -10.12% | ||
| S3 | 1,551.00 | -16.03% |
009190 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2007 | Dec 27, 2007 | Dec 27, 2007 | ₩4,446.27 | 1.41% |
| 2 | Dec 27, 2006 | Dec 27, 2006 | Dec 27, 2006 | ₩4,890.90 | 7.77% |
| 3 | Dec 28, 2005 | Dec 28, 2005 | Dec 28, 2005 | ₩2,223.13 | 3.40% |
| 4 | Dec 29, 2004 | Dec 29, 2004 | Dec 29, 2004 | ₩4,446.27 | 7.04% |
| 5 | Mar 30, 2004 | Mar 30, 2004 | Mar 30, 2004 | ₩3,334.70 | 5.73% |
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