Hankook Cosmetics Manufacturing Co., Ltd Stock Forecast
High volatility in Hankook Cosmetics Manufacturing Co., Ltd stock price on Friday which ended trading at ₩59,200.00
(Updated on Jun 14, 2024)
The Hankook Cosmetics Manufacturing Co., Ltd stock price gained 8.82% on the last trading day (Friday, 14th Jun 2024), rising from ₩54,400.00 to ₩59,200.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 11.40% from a day low at ₩54,400.00 to a day high of ₩60,600.00. The price has risen in 6 of the last 10 days and is up by 9.63% 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, 283 thousand more shares were traded than the day before. In total, 476 thousand shares were bought and sold for approximately ₩28.19 billion.
The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at ₩60,804.62 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 113.20% during the next 3 months and, with a 90% probability hold a price between ₩103,692.09 and ₩129,635.61 at the end of this 3-month period.
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003350.KS Signals & Forecast
The Hankook Cosmetics Manufacturing 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 ₩51,871.43 and ₩38,902.86. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 23.33%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Hankook Cosmetics Manufacturing Co., Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at ₩54,000.00 and ₩48,800.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Hankook Cosmetics Manufacturing Co., Ltd finds support just below today's level at ₩54,000.00. If this is broken, then the next support from accumulated volume will be at ₩48,800.00 and ₩45,200.00.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved ₩6,200.00 between high and low, or 11.40%. For the last week, the stock has had daily average volatility of 10.11%.
Our recommended stop-loss: ₩57,128.00 (-3.50%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (003350.KS) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Hankook Cosmetics Manufacturing Co., Ltd to open at ₩58,066.67, and during the day (based on 14 day Average True Range), to move between ₩54,883.57 and ₩63,516.43, which gives a possible trading interval of +/-₩4,316.43 (+/-7.29%) up or down from last closing price. If Hankook Cosmetics Manufacturing Co., Ltd takes out the full calculated possible swing range there will be an estimated 14.58% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₩54,000.00, some ₩5,200.00 (8.78%) from the current price of ₩59,200.00, our system finds the risk reward attractive.
Is Hankook Cosmetics Manufacturing Co., Ltd stock A Buy?
Hankook Cosmetics Manufacturing Co., Ltd holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Hankook Cosmetics Manufacturing Co., Ltd of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| ₩58,066.67 ( 1.91%) | ₩59,200.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 003350.KS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 64,266.67 | 8.56% |
| R2 | 61,898.27 | 4.56% |
| R1 | 60,435.07 | 2.09% |
| Price | 59,200.00 | |
| S1 | 55,698.27 | -5.92% |
| S2 | 54,235.07 | -8.39% |
| S3 | 51,866.67 | -12.39% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 59,200.00 | |
| S1 | 54,000.00 | -8.78% |
| S2 | 48,800.00 | -17.57% |
| S3 | 45,200.00 | -23.65% |
003350 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 17, 2024 | ₩100.00 | 0.392% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩100.00 | 0.337% |
| 3 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩100.00 | 0.325% |
| 4 | Dec 27, 2018 | Dec 27, 2018 | Dec 27, 2018 | ₩100.00 | 0.283% |
| 5 | Dec 27, 2017 | Dec 27, 2017 | Dec 27, 2017 | ₩100.00 | 0.217% |
FAQ
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