Hanmi Science Co., Ltd. Stock Forecast
Red day on Monday for Hanmi Science Co., Ltd. stock after losing 1.62%
(Updated on May 20, 2024)
The Hanmi Science Co., Ltd. stock price fell by -1.62% on the last day (Monday, 20th May 2024) from ₩34,050.00 to ₩33,500.00. During the last trading day the stock fluctuated 2.69% from a day low at ₩33,500.00 to a day high of ₩34,400.00. The price has been going up and down for this period, and there has been a -1.18% loss for the last 2 weeks. Volume has increased on the last day by 26 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, 105 thousand shares were bought and sold for approximately ₩3.52 billion.
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 -21.06% during the next 3 months and, with a 90% probability hold a price between ₩22,268.18 and ₩30,397.50 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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008930.KS Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 5.51%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Hanmi Science 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 ₩34,064.29 and ₩35,108.57. A break-up above any of these levels will issue buy signals. 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 Hanmi Science Co., Ltd. stock
Hanmi Science Co., Ltd. finds support from accumulated volume at ₩32,800.00 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 ₩900.00 (2.69%) between high and low. For the last week, the stock has had daily average volatility of 2.38%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (008930.KS) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Hanmi Science Co., Ltd. to open at ₩33,800.00, and during the day (based on 14 day Average True Range), to move between ₩32,344.71 and ₩34,655.29, which gives a possible trading interval of +/-₩1,155.29 (+/-3.45%) up or down from last closing price. If Hanmi Science Co., Ltd. takes out the full calculated possible swing range there will be an estimated 6.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩32,800.00 (2.09%) than the resistance at ₩38,300.00 (14.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hanmi Science Co., Ltd. stock A Buy?
Hanmi Science 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: -1.699 Sell Candidate Unchanged
Predicted Opening Price for Hanmi Science Co., Ltd. of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| ₩33,800.00 ( 0.90%) | ₩33,500.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 008930.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 34,700.00 | 3.58 % | |
| R2 | 34,356.20 | 2.56 % | ||
| R1 | 34,143.80 | 1.92 % | ||
| Current price: | 33,500.00 | |||
| Support | S1 | 33,456.20 | -0.131 % | |
| S2 | 33,243.80 | -0.765 % | ||
| S3 | 32,900.00 | -1.79 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 40,650.00 | 21.34 % | |
| R2 | 38,800.00 | 15.82 % | ||
| R1 | 38,300.00 | 14.33 % | ||
| Current price | 33,500.00 | |||
| Support | S1 | 32,800.00 | -2.09% | |
| S2 | 32,700.00 | -2.39% | ||
| S3 | 31,750.00 | -5.22% |
008930 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 05, 2024 | ₩196.08 | 0.513% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩200.00 | 0.594% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩196.08 | 0.364% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩188.46 | 0.265% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩184.77 | 0.533% |
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