DAEDUCK ELECTRONICS Co., Ltd. Stock Forecast
DAEDUCK ELECTRONICS Co., Ltd. stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on May 03, 2024)
The DAEDUCK ELECTRONICS Co., Ltd. stock price fell by -3.18% on the last day (Friday, 3rd May 2024) from ₩23,600.00 to ₩22,850.00. During the last trading day the stock fluctuated 2.88% from a day low at ₩22,600.00 to a day high of ₩23,250.00. The price has fallen in 5 of the last 10 days and is down by -4.79% for this period. Volume has increased on the last day by 635 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, 851 thousand shares were bought and sold for approximately ₩19.44 billion.
The stock has broken the wide and weak 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 ₩22,898.43. A reaction back to this level may hold a second chance to get out before further falls.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
353200.KS Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 23, 2024, and so far it has risen 0.219%. 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. The DAEDUCK ELECTRONICS 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 ₩23,314.29 and ₩24,132.86. A break-up above any of these levels will issue buy signals. 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 DAEDUCK ELECTRONICS Co., Ltd. stock
DAEDUCK ELECTRONICS Co., Ltd. finds support from accumulated volume at ₩22,800.00 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 ₩650.00 between high and low, or 2.88%. For the last week, the stock has had daily average volatility of 2.34%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (353200.KS) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect DAEDUCK ELECTRONICS Co., Ltd. to open at ₩22,900.00, and during the day (based on 14 day Average True Range), to move between ₩22,003.59 and ₩23,696.41, which gives a possible trading interval of +/-₩846.41 (+/-3.70%) up or down from last closing price. If DAEDUCK ELECTRONICS Co., Ltd. takes out the full calculated possible swing range there will be an estimated 7.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩22,800.00 (0.22%) than the resistance at ₩23,900.00 (4.60%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is DAEDUCK ELECTRONICS Co., Ltd. stock A Buy?
The DAEDUCK ELECTRONICS Co., Ltd. stock holds several negative signals and despite the positive trend, we believe DAEDUCK ELECTRONICS Co., Ltd. will perform weakly in the next couple of days or weeks. Therefore, we 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: -2.094 Sell Candidate Downgraded
Predicted Opening Price for DAEDUCK ELECTRONICS Co., Ltd. of Tuesday, May 7, 2024
Fair opening price May 7, 2024 | Current price |
---|---|
₩22,900.00 ( 0.219%) | ₩22,850.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 353200.KS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 23,550.00 | 3.06 % | |
R2 | 23,301.70 | 1.98 % | ||
R1 | 23,148.30 | 1.31 % | ||
Current price: | 22,850.00 | |||
Support | S1 | 22,651.70 | -0.87 % | |
S2 | 22,498.30 | -1.54 % | ||
S3 | 22,250.00 | -2.63 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 27,000.00 | 18.16 % | |
R2 | 26,900.00 | 17.72 % | ||
R1 | 23,900.00 | 4.60 % | ||
Current price | 22,850.00 | |||
Support | S1 | 22,800.00 | -0.219% | |
S2 | 22,750.00 | -0.438% | ||
S3 | 22,250.00 | -2.63% |
353200 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 28, 2024 | Mar 28, 2024 | Apr 01, 2024 | ₩300.00 | 1.11% |
2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩400.00 | 2.06% |
3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩300.00 | 1.25% |
4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩300.00 | 2.44% |
FAQ
Click here for our free guide on how to buy DAEDUCK ELECTRONICS Co., Ltd. Stock.