Dong-A ST Co., Ltd. Stock Forecast
Dong-A ST Co., Ltd. stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on May 03, 2024)
The Dong-A ST Co., Ltd. stock price fell by -4.85% on the last day (Friday, 3rd May 2024) from ₩68,100.00 to ₩64,800.00. During the last trading day the stock fluctuated 5.09% from a day low at ₩64,800.00 to a day high of ₩68,100.00. The price has risen in 5 of the last 10 days but is still down by -5.81% for this period. Volume has increased on the last day by 25 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 ₩2.97 billion.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₩62,066.81 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -3.78% during the next 3 months and, with a 90% probability hold a price between ₩59,721.36 and ₩79,999.76 at the end of this 3-month period.
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170900.KS Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Dong-A ST 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 ₩67,614.29 and ₩70,760.00. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 07, 2024, and so far it has fallen -24.03%. Further fall is indicated until a new bottom pivot has been found. 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 Dong-A ST 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 ₩3,300.00 between high and low, or 5.09%. For the last week the stock has had daily average volatility of 3.69%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (170900.KS) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Dong-A ST Co., Ltd. to open at ₩65,900.00, and during the day (based on 14 day Average True Range), to move between ₩62,474.80 and ₩67,125.20, which gives a possible trading interval of +/-₩2,325.20 (+/-3.59%) up or down from last closing price. If Dong-A ST Co., Ltd. takes out the full calculated possible swing range there will be an estimated 7.18% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ ₩72,400.00, some ₩7,600.00 (11.73%) from the current price of ₩64,800.00, our system finds the risk reward not very attractive.
Is Dong-A ST Co., Ltd. stock A Buy?
Dong-A ST Co., Ltd. holds several negative signals and is within a very wide 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.913 Sell Candidate Downgraded
Predicted Opening Price for Dong-A ST Co., Ltd. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| ₩65,900.00 ( 1.70%) | ₩64,800.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 170900.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 69,200.00 | 6.79 % | |
| R2 | 67,939.40 | 4.84 % | ||
| R1 | 67,160.60 | 3.64 % | ||
| Current price: | 64,800.00 | |||
| Support | S1 | 64,639.40 | -0.248 % | |
| S2 | 63,860.60 | -1.45 % | ||
| S3 | 62,600.00 | -3.40 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 74,900.00 | 15.59 % | |
| R2 | 74,400.00 | 14.81 % | ||
| R1 | 72,400.00 | 11.73 % | ||
| Current price | 64,800.00 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
170900 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 22, 2024 | ₩672.82 | 0.97% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩700.00 | 1.15% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩980.39 | 1.42% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩980.39 | 1.16% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩980.39 | 0.87% |
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