Hwacheon Machine Tool Co. Ltd Stock Forecast
Red day on Friday for Hwacheon Machine Tool Co. Ltd stock after losing 0.659%
(Updated on Jun 14, 2024)
The Hwacheon Machine Tool Co. Ltd stock price fell by -0.659% on the last day (Friday, 14th Jun 2024) from ₩30,350.00 to ₩30,150.00. During the last trading day the stock fluctuated 1.33% from a day low at ₩30,050.00 to a day high of ₩30,450.00. The price has risen in 5 of the last 10 days and is up by 0.17% over the past 2 weeks. Volume has increased on the last day by 1 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, 3 thousand shares were bought and sold for approximately ₩103.69 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -12.52% during the next 3 months and, with a 90% probability hold a price between ₩23,108.61 and ₩29,946.98 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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000850.KS Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 1.86%. 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 Hwacheon Machine Tool 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 ₩30,357.14 and ₩30,591.43. 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 Hwacheon Machine Tool Co. Ltd stock
Hwacheon Machine Tool Co. Ltd finds support from accumulated volume at ₩30,100.00 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 ₩400.00 between high and low, or 1.33%. For the last week the stock has had daily average volatility of 1.26%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (000850.KS) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Hwacheon Machine Tool Co. Ltd to open at ₩30,216.67, and during the day (based on 14 day Average True Range), to move between ₩29,684.28 and ₩30,615.72, which gives a possible trading interval of +/-₩465.72 (+/-1.54%) up or down from last closing price. If Hwacheon Machine Tool Co. Ltd takes out the full calculated possible swing range there will be an estimated 3.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩30,100.00 (0.17%) than the resistance at ₩35,700.00 (18.41%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hwacheon Machine Tool Co. Ltd stock A Buy?
Hwacheon Machine Tool 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.
Current score: -2.758 Sell Candidate Unchanged
Predicted Opening Price for Hwacheon Machine Tool Co. Ltd of Monday, June 17, 2024
Fair opening price June 17, 2024 | Current price |
---|---|
₩30,216.67 ( 0.221%) | ₩30,150.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000850.KS
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 30,616.67 | 1.55% |
R2 | 30,463.87 | 1.04% |
R1 | 30,369.47 | 0.728% |
Price | 30,150.00 | |
S1 | 30,063.87 | -0.286% |
S2 | 29,969.47 | -0.599% |
S3 | 29,816.67 | -1.11% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 37,500.00 | 24.38% |
R2 | 36,100.00 | 19.73% |
R1 | 35,700.00 | 18.41% |
Price | 30,150.00 | |
S1 | 30,100.00 | -0.166% |
S2 | 29,900.00 | -0.83% |
S3 | 29,600.00 | -1.82% |
000850 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 27, 2023 | Dec 27, 2023 | Apr 22, 2024 | ₩2,500.00 | 8.22% |
2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩2,500.00 | 8.12% |
3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩1,000.00 | 2.88% |
4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩750.00 | 2.33% |
5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩1,250.00 | 3.12% |
FAQ
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