DB Financial Investment Co., Ltd. Stock Forecast
Green day on Tuesday for DB Financial Investment Co., Ltd.
(Updated on Jun 25, 2024)
The DB Financial Investment Co., Ltd. stock price gained 0.350% on the last trading day (Tuesday, 25th Jun 2024), rising from ₩4,280.00 to ₩4,295.00. During the last trading day the stock fluctuated 1.18% from a day low at ₩4,250.00 to a day high of ₩4,300.00. The price has risen in 5 of the last 10 days and is up by 4% over the past 2 weeks. Volume fell on the last day by -23 thousand shares and in total, 37 thousand shares were bought and sold for approximately ₩158.84 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 DB Financial Investment Co., Ltd. stock with a 90% probability to be traded between ₩4,004.24 and ₩4,396.07 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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016610.KS Signals & Forecast
The DB Financial Investment Co., Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ₩4,220.00 and ₩4,226.86. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -1.94%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Thursday, May 09, 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 Thursday, May 09, 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 DB Financial Investment Co., Ltd. stock
DB Financial Investment Co., Ltd. finds support from accumulated volume at ₩4,280.00 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 ₩50.00 between high and low, or 1.18%. For the last week the stock has had daily average volatility of 2.32%.
Our recommended stop-loss: ₩4,159.53 (-3.15%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 25 days ago.)
Trading Expectations (016610.KS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect DB Financial Investment Co., Ltd. to open at ₩4,281.67, and during the day (based on 14 day Average True Range), to move between ₩4,207.39 and ₩4,382.61, which gives a possible trading interval of +/-₩87.61 (+/-2.04%) up or down from last closing price. If DB Financial Investment Co., Ltd. takes out the full calculated possible swing range there will be an estimated 4.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩4,300.00 (0.12%) than the support at ₩4,280.00 (0.35%), 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 DB Financial Investment Co., Ltd. stock A Buy?
DB Financial Investment Co., Ltd. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.988 Hold/Accumulate Unchanged
Predicted Opening Price for DB Financial Investment Co., Ltd. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ₩4,281.67 ( 0.310%) | ₩4,295.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 016610.KS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4,331.67 | 0.85% |
| R2 | 4,312.57 | 0.409% |
| R1 | 4,300.77 | 0.134% |
| Price | 4,295.00 | |
| S1 | 4,262.57 | -0.755% |
| S2 | 4,250.77 | -1.03% |
| S3 | 4,231.67 | -1.47% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4,500.00 | 4.77% |
| R2 | 4,335.00 | 0.93% |
| R1 | 4,300.00 | 0.116% |
| Price | 4,295.00 | |
| S1 | 4,280.00 | -0.349% |
| S2 | 4,150.00 | -3.38% |
| S3 | 4,100.00 | -4.54% |
016610 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | May 01, 2024 | ₩200.00 | 4.70% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩170.00 | 4.03% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩500.00 | 7.66% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩300.00 | 6.50% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩250.00 | 5.88% |
FAQ
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