DIO Corporation Stock Forecast
Evaluation of DIO Corporation stock downgraded after the last trading session.
(Updated on May 10, 2024)
The DIO Corporation stock price fell by -0.233% on the last day (Friday, 10th May 2024) from ₩21,500.00 to ₩21,450.00. During the last trading day the stock fluctuated 4.12% from a day low at ₩20,650.00 to a day high of ₩21,500.00. The price has been going up and down for this period, and there has been a 2.88% gain for the last 2 weeks. Volume has increased on the last day by 13 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 100 thousand shares were bought and sold for approximately ₩2.14 billion.
The stock lies in the middle of a wide and 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 2.50% during the next 3 months and, with a 90% probability hold a price between ₩21,101.70 and ₩24,201.40 at the end of this 3-month period.
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039840.KQ Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 4.63%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The DIO Corporation stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ₩21,590.00. On a fall, the stock will find some support from the short-term average at ₩20,992.86. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for DIO Corporation stock
DIO Corporation finds support from accumulated volume at ₩20,800.00 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 ₩850.00 between high and low, or 4.12%. For the last week, the stock has had daily average volatility of 3.52%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (039840.KQ) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect DIO Corporation to open at ₩21,200.00, and during the day (based on 14 day Average True Range), to move between ₩20,802.56 and ₩22,097.44, which gives a possible trading interval of +/-₩647.44 (+/-3.02%) up or down from last closing price. If DIO Corporation takes out the full calculated possible swing range there will be an estimated 6.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩21,500.00 (0.23%) than the support at ₩20,800.00 (3.03%), 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.
Earnings coming up
DIO Corporation will release earnings BMO on Monday, May 13, 2024.The consensus among the analysts for the expected earnings (EPS) is $629.93. We will update the financials statements for DIO Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.67% in the first trading day after earnings release.
Is DIO Corporation stock A Buy?
DIO Corporation holds several negative signals and we believe that 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: -1.549 Sell Candidate Downgraded
Predicted Opening Price for DIO Corporation of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| ₩21,200.00 ( 1.17%) | ₩21,450.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 039840.KQ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22,050.00 | 2.80 % | |
| R2 | 21,725.30 | 1.28 % | ||
| R1 | 21,524.70 | 0.348 % | ||
| Current price: | 21,450.00 | |||
| Support | S1 | 20,875.30 | -2.68 % | |
| S2 | 20,674.70 | -3.61 % | ||
| S3 | 20,350.00 | -5.13 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22,700.00 | 5.83 % | |
| R2 | 21,850.00 | 1.86 % | ||
| R1 | 21,500.00 | 0.233 % | ||
| Current price | 21,450.00 | |||
| Support | S1 | 20,800.00 | -3.03% | |
| S2 | 20,500.00 | -4.43% | ||
| S3 | 20,450.00 | -4.66% |
039840 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 29, 2008 | Dec 29, 2008 | Dec 29, 2008 | ₩75.00 | 1.43% |
| 2 | Dec 27, 2007 | Dec 27, 2007 | Dec 27, 2007 | ₩75.00 | 0.625% |
| 3 | Dec 27, 2006 | Dec 27, 2006 | Dec 27, 2006 | ₩75.00 | 1.12% |
| 4 | Dec 27, 2002 | Dec 27, 2002 | Dec 27, 2002 | ₩50.00 | 4.63% |
| 5 | Dec 27, 2001 | Dec 27, 2001 | Dec 27, 2001 | ₩40.00 | 1.55% |
FAQ
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