HMM Co.,Ltd Stock Forecast
HMM Co.,Ltd stock price down 2.06% on Friday
(Updated on May 17, 2024)
The HMM Co.,Ltd stock price fell by -2.06% on the last day (Friday, 17th May 2024) from ₩16,520.00 to ₩16,180.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 3.29% from a day low at ₩16,110.00 to a day high of ₩16,640.00. The price has been going up and down for this period, and there has been a 2.08% gain for the last 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 -4 million shares and in total, 3 million shares were bought and sold for approximately ₩51.77 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 -11.00% during the next 3 months and, with a 90% probability hold a price between ₩12,261.18 and ₩16,414.70 at the end of this 3-month period.
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011200.KS Signals & Forecast
The HMM Co.,Ltd stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₩17,311.43. On a fall, the stock will find some support from the long-term average at approximately ₩15,810.57. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Monday, May 13, 2024, and so far it has fallen -12.82%. 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 HMM Co.,Ltd stock
HMM Co.,Ltd finds support from accumulated volume at ₩15,950.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₩530.00 between high and low, or 3.29%. For the last week, the stock has had daily average volatility of 7.37%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (011200.KS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect HMM Co.,Ltd to open at ₩16,310.00, and during the day (based on 14 day Average True Range), to move between ₩15,334.14 and ₩17,025.86, which gives a possible trading interval of +/-₩845.86 (+/-5.23%) up or down from last closing price. If HMM Co.,Ltd takes out the full calculated possible swing range there will be an estimated 10.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩15,950.00 (1.42%) than the resistance at ₩16,520.00 (2.10%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is HMM Co.,Ltd stock A Buy?
HMM Co.,Ltd holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.515 Sell Candidate Unchanged
Predicted Opening Price for HMM Co.,Ltd of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
₩16,310.00 ( 0.80%) | ₩16,180.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 011200.KS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 16,840.00 | 4.08 % | |
R2 | 16,637.54 | 2.83 % | ||
R1 | 16,512.46 | 2.05 % | ||
Current price: | 16,180.00 | |||
Support | S1 | 16,107.54 | -0.448 % | |
S2 | 15,982.46 | -1.22 % | ||
S3 | 15,780.00 | -2.47 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 18,340.00 | 13.35 % | |
R2 | 17,300.00 | 6.92 % | ||
R1 | 16,520.00 | 2.10 % | ||
Current price | 16,180.00 | |||
Support | S1 | 15,950.00 | -1.42% | |
S2 | 15,800.00 | -2.35% | ||
S3 | 15,500.00 | -4.20% |
011200 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 27, 2023 | Dec 27, 2023 | Apr 29, 2024 | ₩1,200.00 | 7.49% |
2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩1,200.00 | 5.97% |
3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩600.00 | 2.17% |
4 | Dec 29, 2010 | Dec 29, 2010 | Dec 29, 2010 | ₩2,867.47 | 1.31% |
5 | Dec 29, 2009 | Dec 29, 2009 | Dec 29, 2009 | ₩2,845.92 | 1.81% |
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