Daekyo Co., Ltd. Stock Forecast
Daekyo Co., Ltd. stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on Jun 21, 2024)
The Daekyo Co., Ltd. stock price fell by -0.621% on the last day (Friday, 21st Jun 2024) from ₩1,450.00 to ₩1,441.00. During the last trading day the stock fluctuated 1.95% from a day low at ₩1,436.00 to a day high of ₩1,464.00. The price has fallen in 7 of the last 10 days and is down by -3.22% 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 -53 thousand shares and in total, 12 thousand shares were bought and sold for approximately ₩17.47 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₩1,432.94 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -10.01% during the next 3 months and, with a 90% probability hold a price between ₩1,289.54 and ₩1,470.71 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
019685.KS Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has risen 0.139%. 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. The Daekyo 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 ₩1,452.14 and ₩1,492.89. A break-up above any of these levels will issue buy signals. 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 Daekyo Co., Ltd. stock
Daekyo Co., Ltd. finds support from accumulated volume at ₩1,439.00 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 ₩28.00 between high and low, or 1.95%. For the last week the stock has had daily average volatility of 2.18%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (019685.KS) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Daekyo Co., Ltd. to open at ₩1,447.00, and during the day (based on 14 day Average True Range), to move between ₩1,408.77 and ₩1,473.23, which gives a possible trading interval of +/-₩32.23 (+/-2.24%) up or down from last closing price. If Daekyo Co., Ltd. takes out the full calculated possible swing range there will be an estimated 4.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩1,439.00 (0.14%) than the resistance at ₩1,517.00 (5.27%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Daekyo Co., Ltd. stock A Buy?
Daekyo Co., Ltd. holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.157 Sell Candidate Downgraded
Predicted Opening Price for Daekyo Co., Ltd. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| ₩1,447.00 ( 0.416%) | ₩1,441.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 019685.KS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,475.00 | 2.36% |
| R2 | 1,464.30 | 1.62% |
| R1 | 1,457.70 | 1.16% |
| Price | 1,441.00 | |
| S1 | 1,436.30 | -0.326% |
| S2 | 1,429.70 | -0.784% |
| S3 | 1,419.00 | -1.53% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,690.00 | 17.28% |
| R2 | 1,552.00 | 7.70% |
| R1 | 1,517.00 | 5.27% |
| Price | 1,441.00 | |
| S1 | 1,439.00 | -0.139% |
| S2 | 0 | - |
| S3 | 0 | - |
019685 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 08, 2024 | ₩15.00 | 0.93% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩15.00 | 0.85% |
| 3 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | ₩30.00 | 1.36% |
| 4 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩60.00 | 2.20% |
| 5 | Jun 29, 2021 | Jun 29, 2021 | Jun 29, 2021 | ₩30.00 | 0.757% |
FAQ
Click here for our free guide on how to buy Daekyo Co., Ltd. Stock.
