Hitejinro Holdings Co., Ltd. Stock Forecast
Hitejinro Holdings Co., Ltd. stock upgraded to Buy Candidate.
(Updated on May 16, 2024)
The Hitejinro Holdings Co., Ltd. stock price gained 0.328% on the last trading day (Thursday, 16th May 2024), rising from ₩9,140.00 to ₩9,170.00. During the last trading day the stock fluctuated 0.547% from a day low at ₩9,140.00 to a day high of ₩9,190.00. The price has fallen in 5 of the last 10 days but is still up by 0.33% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 8 thousand more shares were traded than the day before. In total, 14 thousand shares were bought and sold for approximately ₩126.52 million.
The stock has broken the narrow and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. ₩9,132.22 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach ₩9,419.65 sometime during the next 3 months.
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000140.KS Signals & Forecast
Mostly positive signals in the chart today. The Hitejinro Holdings Co., Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ₩9,104.29 and ₩9,038.29. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 3.03%. 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 is rising along with the price. This is considered to be a good technical signal. The stock had a Golden Star Signal on Thursday, April 25, 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, April 25, 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.
A buy signal from a double bottom formation was found on Wednesday, April 17, 2024 with a target of ₩9,052.00. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for Hitejinro Holdings Co., Ltd. stock
Hitejinro Holdings Co., Ltd. finds support from accumulated volume at ₩9,140.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 ₩50.00 between high and low, or 0.547%. For the last week the stock has had daily average volatility of 0.794%.
Our recommended stop-loss: ₩8,671.28 (-5.44%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 18 days ago.)
Trading Expectations (000140.KS) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Hitejinro Holdings Co., Ltd. to open at ₩9,166.67, and during the day (based on 14 day Average True Range), to move between ₩9,066.51 and ₩9,273.49, which gives a possible trading interval of +/-₩103.49 (+/-1.13%) up or down from last closing price. If Hitejinro Holdings Co., Ltd. takes out the full calculated possible swing range there will be an estimated 2.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩9,180.00 (0.11%) than the support at ₩9,140.00 (0.33%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Hitejinro Holdings Co., Ltd. stock A Buy?
Several short-term signals are positive and the stock has broken the horizontal trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Hitejinro Holdings Co., Ltd. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.384 Buy Candidate Upgraded
Predicted Opening Price for Hitejinro Holdings Co., Ltd. of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| ₩9,166.67 ( 0.0364%) | ₩9,170.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000140.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9,216.67 | 0.509 % | |
| R2 | 9,197.57 | 0.301 % | ||
| R1 | 9,185.77 | 0.172 % | ||
| Current price: | 9,170.00 | |||
| Support | S1 | 9,147.57 | -0.245 % | |
| S2 | 9,135.77 | -0.373 % | ||
| S3 | 9,116.67 | -0.582 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9,280.00 | 1.20 % | |
| R2 | 9,270.00 | 1.09 % | ||
| R1 | 9,180.00 | 0.109 % | ||
| Current price | 9,170.00 | |||
| Support | S1 | 9,140.00 | -0.327% | |
| S2 | 9,060.00 | -1.20% | ||
| S3 | 9,000.00 | -1.85% |
000140 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 08, 2024 | ₩500.00 | 5.51% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩500.00 | 4.93% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩450.00 | 3.64% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩400.00 | 2.68% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩350.00 | 2.67% |
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