DAEA TI Co., Ltd. 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:
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
Red day on Wednesday for DAEA TI Co., Ltd.
(Updated on Jun 26, 2024)
The DAEA TI Co., Ltd. stock price fell by -0.167% on the last day (Wednesday, 26th Jun 2024) from ₩3,000.00 to ₩2,995.00. During the last trading day the stock fluctuated 0.669% from a day low at ₩2,990.00 to a day high of ₩3,010.00. The price has fallen in 7 of the last 10 days and is down by -3.39% 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 -11 thousand shares and in total, 212 thousand shares were bought and sold for approximately ₩635.64 million.
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 ₩2,985.20 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 ₩2,961.32 and ₩3,109.03 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.
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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 ₩3,014.29 and ₩3,081.71. 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 -4.62%. 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.
A sell signal from a double top formation was found on Monday, April 08, 2024 with a target of ₩3,027.00. 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 ₩20.00 between high and low, or 0.669%. For the last week the stock has had daily average volatility of 1.23%.
DAEA TI Co., Ltd. is oversold on RSI14 (13). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
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 Thursday 27th
For the upcoming trading day on Thursday, 27th we expect DAEA TI Co., Ltd. to open at ₩2,998.33, and during the day (based on 14 day Average True Range), to move between ₩2,937.12 and ₩3,052.88, which gives a possible trading interval of +/-₩57.88 (+/-1.93%) 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 3.86% 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 ₩15.00 (0.50%) from the current price of ₩2,995.00, 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.
Current score: -2.688 Sell Candidate Unchanged
Predicted Opening Price for DAEA TI Co., Ltd. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| ₩2,998.33 ( 0.111%) | ₩2,995.00 |
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 | 3,018.33 | 0.779% |
| R2 | 3,010.69 | 0.524% |
| R1 | 3,005.97 | 0.366% |
| Price | 2,995.00 | |
| S1 | 2,990.69 | -0.144% |
| S2 | 2,985.97 | -0.301% |
| S3 | 2,978.33 | -0.556% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,090.00 | 3.17% |
| R2 | 3,075.00 | 2.67% |
| R1 | 3,010.00 | 0.501% |
| Price | 2,995.00 | |
| 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
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