DSR Wire Corp Stock Forecast

DSR Wire Corp stock upgraded from Sell Candidate to Strong Buy Candidate after Friday trading session.
(Updated on Jun 28, 2024)

069730.KS Signals & Forecast

The DSR Wire Corp stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₩4,506.43. On a fall, the stock will find some support from the long-term average at approximately ₩4,408.86. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 3.10%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Thursday, May 30, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for DSR Wire Corp stock

DSR Wire Corp finds support from accumulated volume at ₩4,485.00 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 ₩170.00 between high and low, or 3.88%. For the last week, the stock has had daily average volatility of 3.76%.

Our recommended stop-loss: ₩4,213.60 (-6.16%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 18 days ago.)

Trading Expectations (069730.KS) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect DSR Wire Corp to open at ₩4,473.33, and during the day (based on 14 day Average True Range), to move between ₩4,296.09 and ₩4,683.91, which gives a possible trading interval of +/-₩193.91 (+/-4.32%) up or down from last closing price. If DSR Wire Corp takes out the full calculated possible swing range there will be an estimated 8.64% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₩4,485.00 (0.11%) than the resistance at ₩4,745.00 (5.68%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is DSR Wire Corp stock A Buy?

DSR Wire Corp holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Buy candidate.

Current score: 5.685 Strong Buy Candidate Upgraded

Predicted Opening Price for DSR Wire Corp of Monday, July 1, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.