Daou Data Corp. Stock Forecast
Stronger technical forecast for Daou Data Corp. stock price after Friday trading.
(Updated on May 24, 2024)
The Daou Data Corp. stock price fell by -0.751% on the last day (Friday, 24th May 2024) from ₩11,990.00 to ₩11,900.00. During the last trading day the stock fluctuated 1.35% from a day low at ₩11,820.00 to a day high of ₩11,980.00. The price has fallen in 5 of the last 10 days and is down by -2.22% 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 -10 thousand shares and in total, 56 thousand shares were bought and sold for approximately ₩669.01 million.
The stock lies the upper part of a wide and falling 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 ₩12,151.82 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -12.90% during the next 3 months and, with a 90% probability hold a price between ₩9,308.23 and ₩10,583.87 at the end of this 3-month period. 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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032190.KQ Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 3.93%. 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 Daou Data Corp. 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 ₩11,991.43 and ₩12,028.00. 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 Daou Data Corp. stock
Daou Data Corp. finds support from accumulated volume at ₩11,710.00 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 ₩160.00 between high and low, or 1.35%. For the last week the stock has had daily average volatility of 1.47%.
Our recommended stop-loss: ₩11,376.40 (-4.40%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 68 days ago.)
Trading Expectations (032190.KQ) For The Upcoming Trading Day Of Monday 27th
For the upcoming trading day on Monday, 27th we expect Daou Data Corp. to open at ₩11,900.00, and during the day (based on 14 day Average True Range), to move between ₩11,693.36 and ₩12,106.64, which gives a possible trading interval of +/-₩206.64 (+/-1.74%) up or down from last closing price. If Daou Data Corp. takes out the full calculated possible swing range there will be an estimated 3.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩11,710.00 (1.60%) than the resistance at ₩13,000.00 (9.24%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Daou Data Corp. stock A Buy?
Daou Data Corp. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.868 Hold/Accumulate Upgraded
Predicted Opening Price for Daou Data Corp. of Monday, May 27, 2024
| Fair opening price May 27, 2024 | Current price |
|---|---|
| ₩11,900.00 ( 0%) | ₩11,900.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 032190.KQ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12,060.00 | 1.34 % | |
| R2 | 11,998.88 | 0.83 % | ||
| R1 | 11,961.12 | 0.514 % | ||
| Current price: | 11,900.00 | |||
| Support | S1 | 11,838.88 | -0.514 % | |
| S2 | 11,801.12 | -0.83 % | ||
| S3 | 11,740.00 | -1.34 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13,560.00 | 13.95 % | |
| R2 | 13,430.00 | 12.86 % | ||
| R1 | 13,000.00 | 9.24 % | ||
| Current price | 11,900.00 | |||
| Support | S1 | 11,710.00 | -1.60% | |
| S2 | 11,680.00 | -1.85% | ||
| S3 | 11,630.00 | -2.27% |
032190 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Dec 27, 2023 | ₩300.00 | 2.27% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩300.00 | 0.92% |
| 3 | Dec 28, 2016 | Dec 28, 2016 | Dec 28, 2016 | ₩100.00 | 0.90% |
| 4 | Dec 29, 2015 | Dec 29, 2015 | Dec 29, 2015 | ₩100.00 | 0.645% |
| 5 | Dec 29, 2014 | Dec 29, 2014 | Dec 29, 2014 | ₩110.00 | 1.55% |
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