Dong Won Fisheries Co., Ltd. Stock Forecast
Red day on Monday for Dong Won Fisheries Co., Ltd.
(Updated on Jun 17, 2024)
The Dong Won Fisheries Co., Ltd. stock price fell by -2.47% on the last day (Monday, 17th Jun 2024) from ₩7,700.00 to ₩7,510.00. During the last trading day the stock fluctuated 4.59% from a day low at ₩7,410.00 to a day high of ₩7,750.00. The price has risen in 6 of the last 10 days and is up by 9% over the past 2 weeks. 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 -668 thousand shares and in total, 138 thousand shares were bought and sold for approximately ₩1.03 billion.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at ₩7,712.46 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 10.73% during the next 3 months and, with a 90% probability hold a price between ₩6,993.84 and ₩8,540.27 at the end of this 3-month period.
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030720.KS Signals & Forecast
The Dong Won Fisheries 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 ₩7,245.71 and ₩6,655.71. A breakdown below any of these levels will issue sell signals. 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 Friday, June 14, 2024, and so far it has fallen -2.47%. 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 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 Dong Won Fisheries Co., Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at ₩7,090.00 and ₩7,010.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Dong Won Fisheries Co., Ltd. finds support just below today's level at ₩7,090.00. If this is broken, then the next support from accumulated volume will be at ₩7,010.00 and ₩6,800.00.
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 ₩340.00 between high and low, or 4.59%. For the last week, the stock has had daily average volatility of 5.14%.
Our recommended stop-loss: ₩7,152.70 (-4.76%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 39 days ago.)
Trading Expectations (030720.KS) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Dong Won Fisheries Co., Ltd. to open at ₩7,556.67, and during the day (based on 14 day Average True Range), to move between ₩7,189.18 and ₩7,830.82, which gives a possible trading interval of +/-₩320.82 (+/-4.27%) up or down from last closing price. If Dong Won Fisheries Co., Ltd. takes out the full calculated possible swing range there will be an estimated 8.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩7,700.00 (2.53%) than the support at ₩7,090.00 (5.59%), 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 Dong Won Fisheries Co., Ltd. stock A Buy?
Dong Won Fisheries 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: 0.865 Hold/Accumulate Unchanged
Predicted Opening Price for Dong Won Fisheries Co., Ltd. of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| ₩7,556.67 ( 0.621%) | ₩7,510.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 030720.KS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7,896.67 | 5.15% |
| R2 | 7,766.79 | 3.42% |
| R1 | 7,686.55 | 2.35% |
| Price | 7,510.00 | |
| S1 | 7,426.79 | -1.11% |
| S2 | 7,346.55 | -2.18% |
| S3 | 7,216.67 | -3.91% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 7,700.00 | 2.53% |
| Price | 7,510.00 | |
| S1 | 7,090.00 | -5.59% |
| S2 | 7,010.00 | -6.66% |
| S3 | 6,800.00 | -9.45% |
030720 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 22, 2024 | ₩250.00 | 4.20% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩250.00 | 2.79% |
| 3 | Dec 27, 2012 | Dec 27, 2012 | Dec 27, 2012 | ₩250.00 | 1.78% |
| 4 | Dec 28, 2011 | Dec 28, 2011 | Dec 28, 2011 | ₩500.00 | 2.19% |
| 5 | Dec 28, 2005 | Dec 28, 2005 | Dec 28, 2005 | ₩250.00 | 2.56% |
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