Daechang Co., Ltd. Stock Forecast
Daechang Co., Ltd. stock price down 3.34% on Wednesday
(Updated on Jun 05, 2024)
The Daechang Co., Ltd. stock price fell by -3.34% on the last day (Wednesday, 5th Jun 2024) from ₩1,529.00 to ₩1,478.00. It has now fallen 6 days in a row. During the last trading day the stock fluctuated 4.01% from a day low at ₩1,470.00 to a day high of ₩1,529.00. The price has fallen in 8 of the last 10 days and is down by -28.25% for this period. Volume has increased on the last day by 367 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately ₩3.54 billion.
Given the current short-term trend, the stock is expected to rise 23.62% during the next 3 months and, with a 90% probability hold a price between ₩1,827.09 and ₩2,784.65 at the end of this 3-month period.
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012800.KS Signals & Forecast
There are few to no technical positive signals at the moment. The Daechang 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 ₩1,628.86 and ₩1,634.40. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -32.05%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Daechang Co., Ltd. stock
Daechang Co., Ltd. finds support from accumulated volume at ₩1,470.00 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 ₩59.00 between high and low, or 4.01%. For the last week, the stock has had daily average volatility of 4.21%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (012800.KS) For The Upcoming Trading Day Of Friday 7th
For the upcoming trading day on Friday, 7th we expect Daechang Co., Ltd. to open at ₩1,492.33, and during the day (based on 14 day Average True Range), to move between ₩1,364.46 and ₩1,591.54, which gives a possible trading interval of +/-₩113.54 (+/-7.68%) up or down from last closing price. If Daechang Co., Ltd. takes out the full calculated possible swing range there will be an estimated 15.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩1,470.00 (0.54%) than the resistance at ₩1,551.00 (4.94%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Daechang Co., Ltd. stock A Buy?
The Daechang Co., Ltd. stock holds several negative signals and despite the positive trend, we believe Daechang Co., Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.773 Sell Candidate Unchanged
Predicted Opening Price for Daechang Co., Ltd. of Friday, June 7, 2024
| Fair opening price June 7, 2024 | Current price |
|---|---|
| ₩1,492.33 ( 0.97%) | ₩1,478.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 012800.KS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,551.33 | 4.96% |
| R2 | 1,528.80 | 3.44% |
| R1 | 1,514.87 | 2.49% |
| Price | 1,478.00 | |
| S1 | 1,469.80 | -0.555% |
| S2 | 1,455.87 | -1.50% |
| S3 | 1,433.33 | -3.02% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,678.00 | 13.53% |
| R2 | 1,624.00 | 9.88% |
| R1 | 1,551.00 | 4.94% |
| Price | 1,478.00 | |
| S1 | 1,470.00 | -0.541% |
| S2 | 1,469.00 | -0.609% |
| S3 | 1,400.00 | -5.28% |
012800 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩30.00 | 1.67% |
| 2 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩10.00 | 0.709% |
| 3 | Dec 27, 2018 | Dec 27, 2018 | Dec 27, 2018 | ₩30.00 | 3.23% |
| 4 | Dec 27, 2017 | Dec 27, 2017 | Dec 27, 2017 | ₩25.00 | 2.49% |
| 5 | Dec 27, 2012 | Dec 27, 2012 | Dec 27, 2012 | ₩30.00 | 2.33% |
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