Douzone Bizon Co., Ltd. Stock Forecast
Red day on Thursday for Douzone Bizon Co., Ltd. stock after losing 1.45%
(Updated on May 16, 2024)
The Douzone Bizon Co., Ltd. stock price fell by -1.45% on the last day (Thursday, 16th May 2024) from ₩55,100.00 to ₩54,300.00. During the last trading day the stock fluctuated 5.70% from a day low at ₩52,600.00 to a day high of ₩55,600.00. The price has fallen in 6 of the last 10 days and is down by -3.04% 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 -317 thousand shares and in total, 311 thousand shares were bought and sold for approximately ₩16.87 billion.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 20.44% during the next 3 months and, with a 90% probability hold a price between ₩59,759.86 and ₩74,092.43 at the end of this 3-month period.
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012510.KS Signals & Forecast
The Douzone Bizon 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 ₩53,685.71 and ₩52,012.86. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 10, 2024, and so far it has risen 5.03%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 Douzone Bizon Co., Ltd. stock
Douzone Bizon Co., Ltd. finds support from accumulated volume at ₩53,300.00 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 ₩3,000.00 between high and low, or 5.70%. For the last week, the stock has had daily average volatility of 6.66%.
Our recommended stop-loss: ₩52,013.90 (-4.21%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (012510.KS) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Douzone Bizon Co., Ltd. to open at ₩54,166.67, and during the day (based on 14 day Average True Range), to move between ₩50,816.18 and ₩57,783.82, which gives a possible trading interval of +/-₩3,483.82 (+/-6.42%) up or down from last closing price. If Douzone Bizon Co., Ltd. takes out the full calculated possible swing range there will be an estimated 12.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩54,700.00 (0.74%) than the support at ₩53,300.00 (1.84%), 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 Douzone Bizon 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 Douzone Bizon Co., Ltd. stock to perform well in the short-term.
Current score: 3.647 Buy Candidate Unchanged
Predicted Opening Price for Douzone Bizon Co., Ltd. of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| ₩54,166.67 ( 0.246%) | ₩54,300.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 012510.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 57,166.67 | 5.28 % | |
| R2 | 56,020.67 | 3.17 % | ||
| R1 | 55,312.67 | 1.86 % | ||
| Current price: | 54,300.00 | |||
| Support | S1 | 53,020.67 | -2.36 % | |
| S2 | 52,312.67 | -3.66 % | ||
| S3 | 51,166.67 | -5.77 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 59,900.00 | 10.31 % | |
| R2 | 57,800.00 | 6.45 % | ||
| R1 | 54,700.00 | 0.737 % | ||
| Current price | 54,300.00 | |||
| Support | S1 | 53,300.00 | -1.84% | |
| S2 | 52,400.00 | -3.50% | ||
| S3 | 46,300.00 | -14.73% |
012510 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 25, 2024 | Mar 25, 2024 | Apr 01, 2024 | ₩217.00 | 0.498% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩123.00 | 0.325% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩450.00 | 0.610% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩450.00 | 0.435% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩470.00 | 0.585% |
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