Daehyun Co.,Ltd. Stock Forecast
Daehyun Co.,Ltd. stock upgraded to Buy Candidate.
(Updated on May 31, 2024)
The Daehyun Co.,Ltd. stock price gained 0.254% on the last trading day (Friday, 31st May 2024), rising from ₩1,970.00 to ₩1,975.00. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.07% from a day low at ₩1,957.00 to a day high of ₩1,978.00. The price has risen in 9 of the last 10 days and is up by 1.33% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 24 thousand more shares were traded than the day before. In total, 97 thousand shares were bought and sold for approximately ₩191.13 million.
Given the current horizontal trend, you can expect Daehyun Co.,Ltd. stock with a 90% probability to be traded between ₩1,816.63 and ₩1,946.97 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. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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016090.KS Signals & Forecast
The Daehyun 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 ₩1,964.86 and ₩1,931.03. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 6.35%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Friday, May 10, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Friday, May 10, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Daehyun Co.,Ltd. stock
Daehyun Co.,Ltd. finds support from accumulated volume at ₩1,966.00 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 ₩21.00 between high and low, or 1.07%. For the last week the stock has had daily average volatility of 1.06%.
Our recommended stop-loss: ₩1,903.51 (-3.62%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 62 days ago.)
Trading Expectations (016090.KS) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Daehyun Co.,Ltd. to open at ₩1,970.00, and during the day (based on 14 day Average True Range), to move between ₩1,956.50 and ₩1,993.50, which gives a possible trading interval of +/-₩18.50 (+/-0.94%) up or down from last closing price. If Daehyun Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 1.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩1,980.00 (0.25%) than the support at ₩1,966.00 (0.46%), 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 Daehyun Co.,Ltd. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Daehyun Co.,Ltd. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.511 Buy Candidate Upgraded
Predicted Opening Price for Daehyun Co.,Ltd. of Monday, June 3, 2024
Fair opening price June 3, 2024 | Current price |
---|---|
₩1,970.00 ( 0.253%) | ₩1,975.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 016090.KS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1,991.00 | 0.81 % | |
R2 | 1,982.98 | 0.404 % | ||
R1 | 1,978.02 | 0.153 % | ||
Current price: | 1,975.00 | |||
Support | S1 | 1,961.98 | -0.659 % | |
S2 | 1,957.02 | -0.91 % | ||
S3 | 1,949.00 | -1.32 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1,996.00 | 1.06 % | |
R2 | 1,985.00 | 0.506 % | ||
R1 | 1,980.00 | 0.253 % | ||
Current price | 1,975.00 | |||
Support | S1 | 1,966.00 | -0.456% | |
S2 | 1,961.00 | -0.709% | ||
S3 | 1,952.00 | -1.16% |
016090 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 27, 2023 | Dec 27, 2023 | Mar 29, 2024 | ₩110.00 | 5.61% |
2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩110.00 | 4.73% |
3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩90.00 | 3.96% |
4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩40.00 | 2.12% |
5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩100.00 | 3.96% |
FAQ
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