HITEJINRO Co., Ltd. Stock Forecast
HITEJINRO Co., Ltd. stock price ended at ₩20,450.00 on Thursday, after losing 0%.
(Updated on Jul 04, 2024)
No changes to the price of HITEJINRO Co., Ltd. stock on the last trading day (Thursday, 4th Jul 2024). During the last trading day the stock fluctuated 0.99% from a day low at ₩20,250.00 to a day high of ₩20,450.00. The price has fallen in 6 of the last 10 days and is down by -2.15% for this period.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect HITEJINRO Co., Ltd. stock with a 90% probability to be traded between ₩19,558.55 and ₩21,343.85 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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000080.KS Signals & Forecast
There are few to no technical positive signals at the moment. The HITEJINRO 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 ₩20,628.57 and ₩20,485.14. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 28, 2024, and so far it has fallen -3.76%. 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 fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for HITEJINRO Co., Ltd. stock
HITEJINRO Co., Ltd. finds support from accumulated volume at ₩20,250.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ₩200.00 (0.99%) between high and low. For the last week, the stock has had daily average volatility of 2.25%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (000080.KS) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect HITEJINRO Co., Ltd. to open at ₩20,383.33, and during the day (based on 14 day Average True Range), to move between ₩19,965.29 and ₩20,934.71, which gives a possible trading interval of +/-₩484.71 (+/-2.37%) up or down from last closing price. If HITEJINRO Co., Ltd. takes out the full calculated possible swing range there will be an estimated 4.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩20,250.00 (0.98%) than the resistance at ₩21,000.00 (2.69%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is HITEJINRO Co., Ltd. stock A Buy?
HITEJINRO Co., Ltd. holds several negative signals and is within a 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.
Current score: -3.425 Sell Candidate Unchanged
Predicted Opening Price for HITEJINRO Co., Ltd. of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| ₩20,383.33 ( 0.326%) | ₩20,450.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000080.KS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 20,583.33 | 0.652% |
| R2 | 20,506.93 | 0.278% |
| R1 | 20,459.73 | 0.0476% |
| Price | 20,450.00 | |
| S1 | 20,306.93 | -0.700% |
| S2 | 20,259.73 | -0.93% |
| S3 | 20,183.33 | -1.30% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 21,700.00 | 6.11% |
| R2 | 21,450.00 | 4.89% |
| R1 | 21,000.00 | 2.69% |
| Price | 20,450.00 | |
| S1 | 20,250.00 | -0.98% |
| S2 | 20,200.00 | -1.22% |
| S3 | 20,100.00 | -1.71% |
000080 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩950.00 | 3.56% |
| 2 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩800.00 | 2.62% |
| 3 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩750.00 | 2.34% |
| 4 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩700.00 | 2.43% |
| 5 | Dec 27, 2018 | Dec 27, 2018 | Dec 27, 2018 | ₩800.00 | 4.72% |
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