Hanwha Aerospace Co., Ltd. Stock Forecast
Hanwha Aerospace Co., Ltd. stock price ended at ₩215,000.00 on Thursday, after losing 0.92%.
(Updated on May 16, 2024)
The Hanwha Aerospace Co., Ltd. stock price fell by -0.92% on the last day (Thursday, 16th May 2024) from ₩217,000.00 to ₩215,000.00. During the last trading day the stock fluctuated 3.27% from a day low at ₩214,000.00 to a day high of ₩221,000.00. The price has fallen in 5 of the last 10 days and is down by -7.33% for this period. Volume has increased on the last day by 107 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, 342 thousand shares were bought and sold for approximately ₩73.49 billion.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₩213,476.96 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 33.21% during the next 3 months and, with a 90% probability hold a price between ₩284,378.97 and ₩340,751.36 at the end of this 3-month period.
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012450.KS Signals & Forecast
There are few to no technical positive signals at the moment. The Hanwha Aerospace 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 ₩217,500.00 and ₩220,285.71. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -10.97%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Hanwha Aerospace Co., Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at ₩204,000.00 and ₩194,500.00. 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, Hanwha Aerospace Co., Ltd. finds support just below today's level at ₩204,000.00. If this is broken, then the next support from accumulated volume will be at ₩194,500.00 and ₩179,100.00.
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 ₩7,000.00 between high and low, or 3.27%. For the last week, the stock has had daily average volatility of 2.83%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (012450.KS) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Hanwha Aerospace Co., Ltd. to open at ₩216,666.67, and during the day (based on 14 day Average True Range), to move between ₩203,989.50 and ₩226,010.50, which gives a possible trading interval of +/-₩11,010.50 (+/-5.12%) up or down from last closing price. If Hanwha Aerospace Co., Ltd. takes out the full calculated possible swing range there will be an estimated 10.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩204,000.00 (5.12%) than the resistance at ₩228,000.00 (6.05%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hanwha Aerospace Co., Ltd. stock A Buy?
The Hanwha Aerospace Co., Ltd. stock holds several negative signals and despite the positive trend, we believe Hanwha Aerospace Co., Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.599 Sell Candidate Unchanged
Predicted Opening Price for Hanwha Aerospace Co., Ltd. of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| ₩216,666.67 ( 0.775%) | ₩215,000.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 012450.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 223,666.67 | 4.03 % | |
| R2 | 220,992.67 | 2.79 % | ||
| R1 | 219,340.67 | 2.02 % | ||
| Current price: | 215,000.00 | |||
| Support | S1 | 213,992.67 | -0.469 % | |
| S2 | 212,340.67 | -1.24 % | ||
| S3 | 209,666.67 | -2.48 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 241,000.00 | 12.09 % | |
| R2 | 234,000.00 | 8.84 % | ||
| R1 | 228,000.00 | 6.05 % | ||
| Current price | 215,000.00 | |||
| Support | S1 | 204,000.00 | -5.12% | |
| S2 | 194,500.00 | -9.53% | ||
| S3 | 179,100.00 | -16.70% |
012450 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 08, 2024 | ₩1,000.00 | 0.472% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩1,000.00 | 1.37% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩700.00 | 1.45% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩600.00 | 2.13% |
| 5 | Dec 29, 2015 | Dec 29, 2015 | Dec 29, 2015 | ₩300.00 | 0.85% |
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