Daesang Holdings 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
High volatility in Daesang Holdings Co., Ltd. stock price on Monday which ended trading at ₩23,500.00
(Updated on Jun 24, 2024)
The Daesang Holdings Co., Ltd. stock price fell by -10.13% on the last day (Monday, 24th Jun 2024) from ₩26,150.00 to ₩23,500.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 10.37% from a day low at ₩23,150.00 to a day high of ₩25,550.00. The price has been going up and down for this period, and there has been a -13.92% loss for the last 2 weeks. Volume has increased on the last day by 8 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, 46 thousand shares were bought and sold for approximately ₩1.07 billion.
The stock has broken the very wide and strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at ₩24,421.19. A reaction back to this level may hold a second chance to get out before further falls.
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084695.KS Signals & Forecast
There are few to no technical positive signals at the moment. The Daesang Holdings 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 ₩27,785.71 and ₩26,411.43. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 17, 2024, and so far it has fallen -20.61%. 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.
Support, Risk & Stop-loss for Daesang Holdings Co., Ltd. stock
Daesang Holdings Co., Ltd. finds support from accumulated volume at ₩23,000.00 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 ₩2,400.00 between high and low, or 10.37%. For the last week, the stock has had daily average volatility of 6.94%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (084695.KS) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Daesang Holdings Co., Ltd. to open at ₩24,066.67, and during the day (based on 14 day Average True Range), to move between ₩21,508.85 and ₩25,491.15, which gives a possible trading interval of +/-₩1,991.15 (+/-8.47%) up or down from last closing price. If Daesang Holdings Co., Ltd. takes out the full calculated possible swing range there will be an estimated 16.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩23,000.00 (2.13%) than the resistance at ₩28,200.00 (20.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Daesang Holdings Co., Ltd. stock A Buy?
The Daesang Holdings Co., Ltd. stock holds several negative signals and despite the positive trend, we believe Daesang Holdings Co., Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.438 Sell Candidate Unchanged
Predicted Opening Price for Daesang Holdings Co., Ltd. of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| ₩24,066.67 ( 2.41%) | ₩23,500.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 084695.KS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 26,466.67 | 12.62% |
| R2 | 25,549.87 | 8.72% |
| R1 | 24,983.47 | 6.31% |
| Price | 23,500.00 | |
| S1 | 23,149.87 | -1.49% |
| S2 | 22,583.47 | -3.90% |
| S3 | 21,666.67 | -7.80% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 29,200.00 | 24.26% |
| R2 | 29,000.00 | 23.40% |
| R1 | 28,200.00 | 20.00% |
| Price | 23,500.00 | |
| S1 | 23,000.00 | -2.13% |
| S2 | 18,870.00 | -19.70% |
| S3 | 18,800.00 | -20.00% |
084695 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 22, 2024 | ₩280.00 | 1.48% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩280.00 | 3.09% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩250.00 | 2.17% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩230.00 | 2.80% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩210.00 | 3.46% |
FAQ
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