DREAMTECH Co., Ltd. Stock Forecast
Green day on Friday for DREAMTECH Co., Ltd.
(Updated on May 03, 2024)
The DREAMTECH Co., Ltd. stock price gained 1.00% on the last trading day (Friday, 3rd May 2024), rising from ₩10,030.00 to ₩10,130.00. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.02% from a day low at ₩9,930.00 to a day high of ₩10,230.00. The price has risen in 6 of the last 10 days and is up by 6.97% over the past 2 weeks. Volume fell on the last day by -682 thousand shares and in total, 316 thousand shares were bought and sold for approximately ₩3.20 billion. 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.
Given the current short-term trend, the stock is expected to fall -19.35% during the next 3 months and, with a 90% probability hold a price between ₩7,026.00 and ₩8,169.90 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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192650.KS Signals & Forecast
The DREAMTECH Co., Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ₩9,485.71 and ₩10,075.14. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 23, 2024, and so far it has risen 12.56%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
Support, Risk & Stop-loss for DREAMTECH Co., Ltd. stock
DREAMTECH Co., Ltd. finds support from accumulated volume at ₩10,030.00 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 ₩300.00 between high and low, or 3.02%. For the last week, the stock has had daily average volatility of 3.89%.
Our recommended stop-loss: ₩9,795.71 (-3.30%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (192650.KS) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect DREAMTECH Co., Ltd. to open at ₩10,096.67, and during the day (based on 14 day Average True Range), to move between ₩9,803.92 and ₩10,456.08, which gives a possible trading interval of +/-₩326.08 (+/-3.22%) up or down from last closing price. If DREAMTECH Co., Ltd. takes out the full calculated possible swing range there will be an estimated 6.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩10,030.00 (0.99%) than the resistance at ₩11,010.00 (8.69%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is DREAMTECH Co., Ltd. stock A Buy?
DREAMTECH Co., Ltd. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for DREAMTECH Co., Ltd. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| ₩10,096.67 ( 0.329%) | ₩10,130.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 192650.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10,396.67 | 2.63 % | |
| R2 | 10,282.07 | 1.50 % | ||
| R1 | 10,211.27 | 0.80 % | ||
| Current price: | 10,130.00 | |||
| Support | S1 | 9,982.07 | -1.46 % | |
| S2 | 9,911.27 | -2.16 % | ||
| S3 | 9,796.67 | -3.29 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11,560.00 | 14.12 % | |
| R2 | 11,140.00 | 9.97 % | ||
| R1 | 11,010.00 | 8.69 % | ||
| Current price | 10,130.00 | |||
| Support | S1 | 10,030.00 | -0.99% | |
| S2 | 10,020.00 | -1.09% | ||
| S3 | 9,140.00 | -9.77% |
192650 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 19, 2024 | ₩200.00 | 2.19% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩200.00 | 2.12% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩300.00 | 2.67% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩100.00 | 0.88% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩158.27 | 2.50% |
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