Hanall Biopharma Co.,Ltd Stock Forecast
Stronger technical forecast for Hanall Biopharma Co.,Ltd stock price after Tuesday trading.
(Updated on May 14, 2024)
The Hanall Biopharma Co.,Ltd stock price gained 4.77% on the last trading day (Tuesday, 14th May 2024), rising from ₩33,550.00 to ₩35,150.00. During the last trading day the stock fluctuated 6.29% from a day low at ₩33,400.00 to a day high of ₩35,500.00. The price has fallen in 6 of the last 10 days but is still up by 1.15% 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, 163 thousand more shares were traded than the day before. In total, 337 thousand shares were bought and sold for approximately ₩11.83 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 -6.63% during the next 3 months and, with a 90% probability hold a price between ₩28,772.63 and ₩36,417.06 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
009420.KS Signals & Forecast
Mostly positive signals in the chart today. The Hanall Biopharma Co.,Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ₩34,692.86 and ₩35,027.14. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 11, 2024, and so far it has risen 10.53%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Hanall Biopharma Co.,Ltd stock
Hanall Biopharma Co.,Ltd finds support from accumulated volume at ₩34,700.00 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 ₩2,100.00 between high and low, or 6.29%. For the last week, the stock has had daily average volatility of 4.03%.
Our recommended stop-loss: ₩33,136.15 (-5.73%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 21 days ago.)
Trading Expectations (009420.KS) For The Upcoming Trading Day Of Thursday 16th
For the upcoming trading day on Thursday, 16th we expect Hanall Biopharma Co.,Ltd to open at ₩34,683.33, and during the day (based on 14 day Average True Range), to move between ₩33,634.86 and ₩36,665.14, which gives a possible trading interval of +/-₩1,515.14 (+/-4.31%) up or down from last closing price. If Hanall Biopharma Co.,Ltd takes out the full calculated possible swing range there will be an estimated 8.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩34,700.00 (1.28%) than the resistance at ₩35,750.00 (1.71%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hanall Biopharma Co.,Ltd stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.399 Buy Candidate Upgraded
Predicted Opening Price for Hanall Biopharma Co.,Ltd of Thursday, May 16, 2024
| Fair opening price May 16, 2024 | Current price |
|---|---|
| ₩34,683.33 ( 1.33%) | ₩35,150.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 009420.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 36,783.33 | 4.65 % | |
| R2 | 35,981.13 | 2.36 % | ||
| R1 | 35,485.53 | 0.95 % | ||
| Current price: | 35,150.00 | |||
| Support | S1 | 33,881.13 | -3.61 % | |
| S2 | 33,385.53 | -5.02 % | ||
| S3 | 32,583.33 | -7.30 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 39,300.00 | 11.81 % | |
| R2 | 38,600.00 | 9.82 % | ||
| R1 | 35,750.00 | 1.71 % | ||
| Current price | 35,150.00 | |||
| Support | S1 | 34,700.00 | -1.28% | |
| S2 | 34,200.00 | -2.70% | ||
| S3 | 34,000.00 | -3.27% |
FAQ
Click here for our free guide on how to buy Hanall Biopharma Co.,Ltd Stock.
