Hanjin Heavy Industries & Construction Stock Forecast
Hanjin Heavy Industries & Construction stock price ended at ₩3,585.00 on Monday, after losing 0.278%.
(Updated on May 13, 2024)
The Hanjin Heavy Industries & Construction stock price fell by -0.278% on the last day (Monday, 13th May 2024) from ₩3,595.00 to ₩3,585.00. During the last trading day the stock fluctuated 1.98% from a day low at ₩3,530.00 to a day high of ₩3,600.00. The price has fallen in 7 of the last 10 days but is still up by 0.14% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 thousand shares and in total, 30 thousand shares were bought and sold for approximately ₩107.55 million.
The stock lies in the upper part of a weak 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 ₩3,608.45 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 7.43% during the next 3 months and, with a 90% probability hold a price between ₩3,525.10 and ₩3,876.38 at the end of this 3-month period.
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003480.KS Signals & Forecast
The Hanjin Heavy Industries & Construction 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 ₩3,517.86 and ₩3,355.57. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, May 09, 2024, and so far it has fallen -0.417%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Hanjin Heavy Industries & Construction stock
Hanjin Heavy Industries & Construction finds support from accumulated volume at ₩3,570.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₩70.00 between high and low, or 1.98%. For the last week, the stock has had daily average volatility of 2.34%.
Our recommended stop-loss: ₩3,449.13 (-3.79%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (003480.KS) For The Upcoming Trading Day Of Tuesday 14th
For the upcoming trading day on Tuesday, 14th we expect Hanjin Heavy Industries & Construction Holdings Co., Ltd. to open at ₩3,571.67, and during the day (based on 14 day Average True Range), to move between ₩3,508.81 and ₩3,661.19, which gives a possible trading interval of +/-₩76.19 (+/-2.13%) up or down from last closing price. If Hanjin Heavy Industries & Construction Holdings Co., Ltd. takes out the full calculated possible swing range there will be an estimated 4.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩3,595.00 (0.28%) than the support at ₩3,570.00 (0.42%), 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.
Earnings coming up
Hanjin Heavy Industries & Construction Holdings Co., Ltd. will release earnings BMO on Monday, May 13, 2024. We will update the financials statements for Hanjin Heavy Industries & Construction Holdings Co., Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.68% in the first trading day after earnings release.
Is Hanjin Heavy Industries & Construction Holdings Co., Ltd. stock A Buy?
Hanjin Heavy Industries & Construction 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.
Current score: -0.369 Hold/Accumulate Unchanged
Predicted Opening Price for Hanjin Heavy Industries & Construction Holdings Co., Ltd. of Tuesday, May 14, 2024
| Fair opening price May 14, 2024 | Current price |
|---|---|
| ₩3,571.67 ( 0.372%) | ₩3,585.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 003480.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,641.67 | 1.58 % | |
| R2 | 3,614.93 | 0.83 % | ||
| R1 | 3,598.41 | 0.374 % | ||
| Current price: | 3,585.00 | |||
| Support | S1 | 3,544.93 | -1.12 % | |
| S2 | 3,528.41 | -1.58 % | ||
| S3 | 3,501.67 | -2.32 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 3,600.00 | 0.418 % | ||
| R1 | 3,595.00 | 0.279 % | ||
| Current price | 3,585.00 | |||
| Support | S1 | 3,570.00 | -0.418% | |
| S2 | 3,345.00 | -6.69% | ||
| S3 | 3,285.00 | -8.37% |
003480 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 22, 2024 | ₩100.00 | 2.90% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩100.00 | 2.57% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩100.00 | 2.44% |
| 4 | Dec 29, 2014 | Dec 29, 2014 | Dec 29, 2014 | ₩200.00 | 2.46% |
| 5 | Dec 27, 2013 | Dec 27, 2013 | Dec 27, 2013 | ₩250.00 | 2.63% |
FAQ
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