DAEA TI Co., Ltd. Stock Forecast
DAEA TI Co., Ltd. stock downgraded to Sell Candidate
(Updated on Jun 21, 2024)
The DAEA TI Co., Ltd. stock price fell by -0.497% on the last day (Friday, 21st Jun 2024) from ₩3,020.00 to ₩3,005.00. During the last trading day the stock fluctuated 2.00% from a day low at ₩3,005.00 to a day high of ₩3,065.00. The price has fallen in 7 of the last 10 days and is down by -3.99% for this period. Volume has increased on the last day by 405 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, 655 thousand shares were bought and sold for approximately ₩1.97 billion.
The stock is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at ₩3,002.37 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect DAEA TI Co., Ltd. stock with a 90% probability to be traded between ₩2,998.95 and ₩3,135.76 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
045390.KQ Signals & Forecast
There are few to no technical positive signals at the moment. The DAEA TI Co., Ltd. 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 ₩3,052.14 and ₩3,089.71. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 05, 2024, and so far it has fallen -4.30%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
A sell signal from a double top formation was found on Wednesday, June 05, 2024 with a target of ₩3,021.67. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for DAEA TI Co., Ltd. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 ₩60.00 between high and low, or 2.00%. For the last week the stock has had daily average volatility of 3.34%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (045390.KQ) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect DAEA TI Co., Ltd. to open at ₩3,025.00, and during the day (based on 14 day Average True Range), to move between ₩2,940.51 and ₩3,069.49, which gives a possible trading interval of +/-₩64.49 (+/-2.15%) up or down from last closing price. If DAEA TI Co., Ltd. takes out the full calculated possible swing range there will be an estimated 4.29% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ ₩3,010.00, some ₩5.00 (0.17%) from the current price of ₩3,005.00, our system finds the risk reward not very attractive.
Is DAEA TI Co., Ltd. stock A Buy?
DAEA TI Co., Ltd. holds several negative signals and is within a narrow and falling trend, so we believe 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: -2.908 Sell Candidate Downgraded
Predicted Opening Price for DAEA TI Co., Ltd. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| ₩3,025.00 ( 0.666%) | ₩3,005.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 045390.KQ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,085.00 | 2.66% |
| R2 | 3,062.08 | 1.90% |
| R1 | 3,047.92 | 1.43% |
| Price | 3,005.00 | |
| S1 | 3,002.08 | -0.0972% |
| S2 | 2,987.92 | -0.568% |
| S3 | 2,965.00 | -1.33% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,090.00 | 2.83% |
| R2 | 3,075.00 | 2.33% |
| R1 | 3,010.00 | 0.166% |
| Price | 3,005.00 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
045390 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩20.00 | 0.349% |
| 2 | Dec 27, 2007 | Dec 27, 2007 | Dec 27, 2007 | ₩20.00 | 0.84% |
| 3 | Jun 28, 2001 | Jun 28, 2001 | Jun 28, 2001 | ₩50.00 | 0.117% |
FAQ
Click here for our free guide on how to buy DAEA TI Co., Ltd. Stock.
