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AI Analysis of 084010.KS
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Daehan Steel Co., Ltd. stock upgraded to Hold/Accumulate.
(Updated on May 20, 2024)

Hold candidate since May 20, 2024 PDF

The Daehan Steel Co., Ltd. stock price gained 0.298% on the last trading day (Monday, 20th May 2024), rising from ₩13,420.00 to ₩13,460.00. During the last trading day the stock fluctuated 1.20% from a day low at ₩13,310.00 to a day high of ₩13,470.00. The price has been going up and down for this period, and there has been a -2.82% loss for the last 2 weeks. Volume fell on the last day by -17 thousand shares and in total, 22 thousand shares were bought and sold for approximately ₩295.04 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a 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 4.91% during the next 3 months and, with a 90% probability hold a price between ₩13,923.95 and ₩14,798.75 at the end of this 3-month period.

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084010.KS Signals & Forecast

Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Daehan Steel Co., Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ₩13,694.29 and ₩13,567.43. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 13, 2024, and so far it has fallen -4.27%. 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). The stock had a Golden Star Signal on Tuesday, April 09, 2024 in the long-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.

Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Tuesday, April 09, 2024 in the long-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 Daehan Steel Co., Ltd. stock

Daehan Steel Co., Ltd. finds support from accumulated volume at ₩13,420.00 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 ₩160.00 between high and low, or 1.20%. For the last week the stock has had daily average volatility of 2.95%.

Our recommended stop-loss: ₩12,830.95 (-4.67%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 30 days ago.)

Trading Expectations (084010.KS) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Daehan Steel Co., Ltd. to open at ₩13,413.33, and during the day (based on 14 day Average True Range), to move between ₩13,120.54 and ₩13,799.46, which gives a possible trading interval of +/-₩339.46 (+/-2.52%) up or down from last closing price. If Daehan Steel Co., Ltd. takes out the full calculated possible swing range there will be an estimated 5.04% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₩13,480.00 (0.15%) than the support at ₩13,420.00 (0.30%), 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.

Is Daehan Steel Co., Ltd. stock A Buy?

Daehan Steel Co., Ltd. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: -0.120 Hold/Accumulate Upgraded

Predicted Opening Price for Daehan Steel Co., Ltd. of Tuesday, May 21, 2024

Fair opening price May 21, 2024 Current price
₩13,413.33 ( 0.347%) ₩13,460.00

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

Trading levels for 084010.KS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 13,573.33 0.84 %
R2 13,512.21 0.388 %
R1 13,474.45 0.107 %
Current price: 13,460.00
Support S1 13,352.21 -0.80 %
S2 13,314.45 -1.08 %
S3 13,253.33 -1.54 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 14,010.00 4.09 %
R2 13,840.00 2.82 %
R1 13,480.00 0.149 %
Current price 13,460.00
Support S1 13,420.00 -0.297%
S2 13,360.00 -0.743%
S3 13,190.00 -2.01%

084010 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Dec 27, 2023 Dec 27, 2023 Apr 29, 2024 ₩780.00 5.57%
2 Dec 28, 2022 Dec 28, 2022 Dec 28, 2022 ₩780.00 6.87%
3 Dec 29, 2021 Dec 29, 2021 Dec 29, 2021 ₩400.00 2.56%
4 Dec 29, 2020 Dec 29, 2020 Dec 29, 2020 ₩300.00 3.02%
5 Dec 27, 2019 Dec 27, 2019 Dec 27, 2019 ₩200.00 3.33%

FAQ

What is the symbol for Daehan Steel Co., Ltd. Stock and on which exchange is it traded?
The symbol for Daehan Steel Co., Ltd. is 084010.KS and it is traded on the KSE (Korea Exchange).

Should I buy or sell Daehan Steel Co., Ltd. Stock?
Daehan Steel Co., Ltd. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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.

How to buy Daehan Steel Co., Ltd. Stock?
Daehan Steel Co., Ltd. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Daehan Steel Co., Ltd. Stock.

What's the current price of Daehan Steel Co., Ltd. Stock?
As of the end of day on the May 20, 2024, the price of an Daehan Steel Co., Ltd. (084010.KS) share was ₩13,460.00.

What is the 52-week high and low for Daehan Steel Co., Ltd. Stock?
The 52-week high for Daehan Steel Co., Ltd. Stock is ₩15,000.00 and the 52-week low is ₩11,400.00.

What is the market capitalization of Daehan Steel Co., Ltd. Stock?
As of the May 20, 2024, the market capitalization of Daehan Steel Co., Ltd. is 234.83B.

When is the next earnings date for Daehan Steel Co., Ltd.?
The upcoming earnings date for Daehan Steel Co., Ltd. is Aug 12, 2024.
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