Daesung Industrial Co., Ltd. Stock Forecast
Red day on Friday for Daesung Industrial Co., Ltd. stock after losing 1.65%
(Updated on Jun 14, 2024)
The Daesung Industrial Co., Ltd. stock price fell by -1.65% on the last day (Friday, 14th Jun 2024) from ₩3,950.00 to ₩3,885.00. During the last trading day the stock fluctuated 1.93% from a day low at ₩3,880.00 to a day high of ₩3,955.00. The price has fallen in 6 of the last 10 days but is still up by 1.97% over the past 2 weeks. 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 -75 thousand shares and in total, 173 thousand shares were bought and sold for approximately ₩673.22 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₩3,880.04 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 4.28% during the next 3 months and, with a 90% probability hold a price between ₩4,046.20 and ₩4,582.23 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
128820.KS Signals & Forecast
The Daesung Industrial Co., Ltd. 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 ₩3,913.57. On a fall, the stock will find some support from the long-term average at approximately ₩3,878.86. 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 Friday, June 07, 2024, and so far it has risen 0.517%. Further rise is indicated until a new top pivot has been found. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Thursday, May 02, 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.
Golden Star
The stock had a Golden Star Signal on Thursday, May 02, 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 Daesung Industrial Co., Ltd. stock
Daesung Industrial Co., Ltd. finds support from accumulated volume at ₩3,865.00 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 ₩75.00 between high and low, or 1.93%. For the last week, the stock has had daily average volatility of 2.20%.
Our recommended stop-loss: ₩3,657.50 (-5.86%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (128820.KS) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Daesung Industrial Co., Ltd. to open at ₩3,906.67, and during the day (based on 14 day Average True Range), to move between ₩3,725.11 and ₩4,044.89, which gives a possible trading interval of +/-₩159.89 (+/-4.12%) up or down from last closing price. If Daesung Industrial Co., Ltd. takes out the full calculated possible swing range there will be an estimated 8.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩3,865.00 (0.51%) than the resistance at ₩3,925.00 (1.03%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Daesung Industrial Co., Ltd. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Daesung Industrial Co., Ltd. stock to perform well in the short-term.
Current score: 3.463 Buy Candidate Unchanged
Predicted Opening Price for Daesung Industrial Co., Ltd. of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| ₩3,906.67 ( 0.558%) | ₩3,885.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 128820.KS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,981.67 | 2.49% |
| R2 | 3,953.02 | 1.75% |
| R1 | 3,935.32 | 1.30% |
| Price | 3,885.00 | |
| S1 | 3,878.02 | -0.180% |
| S2 | 3,860.32 | -0.635% |
| S3 | 3,831.67 | -1.37% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4,370.00 | 12.48% |
| R2 | 4,010.00 | 3.22% |
| R1 | 3,925.00 | 1.03% |
| Price | 3,885.00 | |
| S1 | 3,865.00 | -0.515% |
| S2 | 3,855.00 | -0.772% |
| S3 | 3,830.00 | -1.42% |
128820 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 29, 2010 | Dec 29, 2010 | Dec 29, 2010 | ₩3,062.68 | 2.04% |
FAQ
Click here for our free guide on how to buy Daesung Industrial Co., Ltd. Stock.
