Daou Data Corp. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
![Bollinger Bottleneck Buy Pattern 1](https://stockinvest.us/assets/img/legend/boll_tight.gif?v=7561)
![Bollinger Bottleneck Buy Pattern 2](https://stockinvest.us/assets/img/legend/boll_tight2.gif?v=7561)
![Bollinger Bottleneck Sell Pattern](https://stockinvest.us/assets/img/legend/boll_tight3.gif?v=7561)
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Daou Data Corp. stock upgraded to Hold/Accumulate.
(Updated on Jun 14, 2024)
The Daou Data Corp. stock price fell by -0.436% on the last day (Friday, 14th Jun 2024) from ₩11,480.00 to ₩11,430.00. During the last trading day the stock fluctuated 1.05% from a day low at ₩11,430.00 to a day high of ₩11,550.00. The price has fallen in 5 of the last 10 days and is down by -0.95% 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 -28 thousand shares and in total, 47 thousand shares were bought and sold for approximately ₩540.50 million.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₩11,335.87 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -9.54% during the next 3 months and, with a 90% probability hold a price between ₩10,254.80 and ₩11,006.95 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
There are mixed signals in the stock today. 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 ₩11,501.43 and ₩11,922.29. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 0.263%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Daou Data Corp. stock
Daou Data Corp. finds support from accumulated volume at ₩11,400.00 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 ₩120.00 between high and low, or 1.05%. For the last week the stock has had daily average volatility of 1.49%.
Our recommended stop-loss: ₩10,708.95 (-6.31%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 26 days ago.)
Trading Expectations (032190.KQ) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Daou Data Corp. to open at ₩11,470.00, and during the day (based on 14 day Average True Range), to move between ₩11,234.30 and ₩11,625.70, which gives a possible trading interval of +/-₩195.70 (+/-1.71%) up or down from last closing price. If Daou Data Corp. takes out the full calculated possible swing range there will be an estimated 3.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩11,400.00 (0.26%) than the resistance at ₩11,550.00 (1.05%), 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 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.513 Hold/Accumulate Upgraded
Predicted Opening Price for Daou Data Corp. of Monday, June 17, 2024
Fair opening price June 17, 2024 | Current price |
---|---|
₩11,470.00 ( 0.350%) | ₩11,430.00 |
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 | |
---|---|---|
R3 | 11,590.00 | 1.40% |
R2 | 11,544.16 | 1.00% |
R1 | 11,515.84 | 0.751% |
Price | 11,430.00 | |
S1 | 11,424.16 | -0.0511% |
S2 | 11,395.84 | -0.299% |
S3 | 11,350.00 | -0.700% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 12,170.00 | 6.47% |
R2 | 12,040.00 | 5.34% |
R1 | 11,550.00 | 1.05% |
Price | 11,430.00 | |
S1 | 11,400.00 | -0.262% |
S2 | 0 | - |
S3 | 0 | - |
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% |
FAQ
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