Hankook Shell Oil Co.,Ltd. Stock Forecast
Hankook Shell Oil Co.,Ltd. stock price down 0.370% on Thursday
(Updated on May 02, 2024)
The Hankook Shell Oil Co.,Ltd. stock price fell by -0.370% on the last day (Thursday, 2nd May 2024) from ₩270,500.00 to ₩269,500.00. During the last trading day the stock fluctuated 1.31% from a day low at ₩267,500.00 to a day high of ₩271,000.00. The price has risen in 6 of the last 10 days and is up by 2.28% over the past 2 weeks. Volume has increased on the last day by 449 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, 2 thousand shares were bought and sold for approximately ₩656.50 million.
The stock lies in the middle of a narrow and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 18.26% during the next 3 months and, with a 90% probability hold a price between ₩315,198.21 and ₩321,499.46 at the end of this 3-month period.
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002960.KS Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -0.370%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The Hankook Shell Oil 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 ₩268,928.57 and ₩258,857.14. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Hankook Shell Oil Co.,Ltd. stock
Hankook Shell Oil Co.,Ltd. finds support from accumulated volume at ₩267,500.00 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 ₩3,500.00 (1.31%) between high and low. For the last week, the stock has had daily average volatility of 1.50%.
Our recommended stop-loss: ₩261,683.20 (-2.90%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (002960.KS) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Hankook Shell Oil Co.,Ltd. to open at ₩269,333.33, and during the day (based on 14 day Average True Range), to move between ₩264,765.89 and ₩274,234.11, which gives a possible trading interval of +/-₩4,734.11 (+/-1.76%) up or down from last closing price. If Hankook Shell Oil Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 3.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩270,000.00 (0.19%) than the support at ₩267,500.00 (0.74%), 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 Hankook Shell Oil Co.,Ltd. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Hankook Shell Oil Co.,Ltd. stock to perform well in the short-term.
Current score: 1.779 Buy Candidate Unchanged
Predicted Opening Price for Hankook Shell Oil Co.,Ltd. of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| ₩269,333.33 ( 0.0618%) | ₩269,500.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002960.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 272,833.33 | 1.24 % | |
| R2 | 271,496.33 | 0.741 % | ||
| R1 | 270,670.33 | 0.434 % | ||
| Current price: | 269,500.00 | |||
| Support | S1 | 267,996.33 | -0.558 % | |
| S2 | 267,170.33 | -0.86 % | ||
| S3 | 265,833.33 | -1.36 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 270,500.00 | 0.371 % | ||
| R1 | 270,000.00 | 0.186 % | ||
| Current price | 269,500.00 | |||
| Support | S1 | 267,500.00 | -0.742% | |
| S2 | 264,500.00 | -1.86% | ||
| S3 | 252,500.00 | -6.31% |
002960 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 22, 2024 | ₩18,000.00 | 6.68% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩18,000.00 | 7.63% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩19,000.00 | 7.28% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩14,000.00 | 5.27% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩16,000.00 | 4.90% |
FAQ
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