Dong Suh Companies Inc. Stock Forecast
Dong Suh Companies Inc. stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on May 17, 2024)
The Dong Suh Companies Inc. stock price gained 0.95% on the last trading day (Friday, 17th May 2024), rising from ₩19,010.00 to ₩19,190.00. During the last trading day the stock fluctuated 2.53% from a day low at ₩18,950.00 to a day high of ₩19,430.00. The price has risen in 6 of the last 10 days and is up by 0.63% 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, 11 thousand more shares were traded than the day before. In total, 103 thousand shares were bought and sold for approximately ₩1.98 billion.
The stock lies in the middle of a weak 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 8.29% during the next 3 months and, with a 90% probability hold a price between ₩19,381.52 and ₩21,180.18 at the end of this 3-month period.
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026960.KS Signals & Forecast
The Dong Suh Companies Inc. 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 ₩18,910.00 and ₩18,180.29. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 29, 2024, and so far it has risen 12.16%. 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).
Support, Risk & Stop-loss for Dong Suh Companies Inc. stock
Dong Suh Companies Inc. finds support from accumulated volume at ₩18,900.00 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 ₩480.00 between high and low, or 2.53%. For the last week, the stock has had daily average volatility of 2.06%.
Our recommended stop-loss: ₩18,495.32 (-3.62%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 31 days ago.)
Trading Expectations (026960.KS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Dong Suh Companies Inc. to open at ₩19,190.00, and during the day (based on 14 day Average True Range), to move between ₩18,801.75 and ₩19,578.25, which gives a possible trading interval of +/-₩388.25 (+/-2.02%) up or down from last closing price. If Dong Suh Companies Inc. takes out the full calculated possible swing range there will be an estimated 4.05% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₩18,900.00, some ₩290.00 (1.51%) from the current price of ₩19,190.00, our system finds the risk reward attractive.
Is Dong Suh Companies Inc. 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 Dong Suh Companies Inc. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.830 Buy Candidate Upgraded
Predicted Opening Price for Dong Suh Companies Inc. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ₩19,190.00 ( 0%) | ₩19,190.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 026960.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19,670.00 | 2.50 % | |
| R2 | 19,486.64 | 1.55 % | ||
| R1 | 19,373.36 | 0.96 % | ||
| Current price: | 19,190.00 | |||
| Support | S1 | 19,006.64 | -0.96 % | |
| S2 | 18,893.36 | -1.55 % | ||
| S3 | 18,710.00 | -2.50 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 19,190.00 | |||
| Support | S1 | 18,900.00 | -1.51% | |
| S2 | 18,520.00 | -3.49% | ||
| S3 | 17,330.00 | -9.69% |
026960 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Mar 07, 2024 | ₩730.00 | 4.18% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩730.00 | 3.44% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩700.00 | 2.28% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩700.00 | 2.13% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩700.00 | 3.99% |
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