Hwaseung Corporation Co.,Ltd. Stock Forecast
Hwaseung Corporation Co.,Ltd. stock price up 2.48% on Friday
(Updated on Jun 28, 2024)
The Hwaseung Corporation Co.,Ltd. stock price gained 2.48% on the last trading day (Friday, 28th Jun 2024), rising from ₩2,020.00 to ₩2,070.00. During the last trading day the stock fluctuated 3.73% from a day low at ₩2,010.00 to a day high of ₩2,085.00. The price has been going up and down for this period, and there has been a 5.08% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 83 thousand more shares were traded than the day before. In total, 385 thousand shares were bought and sold for approximately ₩797.19 million.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 14.79% during the next 3 months and, with a 90% probability hold a price between ₩2,258.55 and ₩2,469.92 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.
013520.KS Signals & Forecast
The Hwaseung Corporation Co.,Ltd. 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 ₩2,017.71 and ₩1,953.43. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 4.33%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Hwaseung Corporation Co.,Ltd. stock
Hwaseung Corporation Co.,Ltd. finds support from accumulated volume at ₩2,035.00 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 ₩75.00 (3.73%) between high and low. For the last week, the stock has had daily average volatility of 3.26%.
Our recommended stop-loss: ₩1,969.68 (-4.85%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (013520.KS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Hwaseung Corporation Co.,Ltd. to open at ₩2,055.00, and during the day (based on 14 day Average True Range), to move between ₩1,985.22 and ₩2,154.78, which gives a possible trading interval of +/-₩84.78 (+/-4.10%) up or down from last closing price. If Hwaseung Corporation Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 8.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩2,035.00 (1.69%) than the resistance at ₩2,110.00 (1.93%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hwaseung Corporation Co.,Ltd. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Hwaseung Corporation Co.,Ltd. stock to perform well in the short-term.
Current score: 3.901 Buy Candidate Unchanged
Predicted Opening Price for Hwaseung Corporation Co.,Ltd. of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
₩2,055.00 ( 0.725%) | ₩2,070.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 013520.KS
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 2,130.00 | 2.90% |
R2 | 2,101.35 | 1.51% |
R1 | 2,083.65 | 0.659% |
Price | 2,070.00 | |
S1 | 2,026.35 | -2.11% |
S2 | 2,008.65 | -2.96% |
S3 | 1,980.00 | -4.35% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0 | - |
R1 | 2,110.00 | 1.93% |
Price | 2,070.00 | |
S1 | 2,035.00 | -1.69% |
S2 | 2,010.00 | -2.90% |
S3 | 1,900.00 | -8.21% |
013520 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 27, 2023 | Dec 27, 2023 | Apr 12, 2024 | ₩50.00 | 2.82% |
2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩50.00 | 3.45% |
3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩25.00 | 1.22% |
4 | Dec 29, 2020 | Dec 29, 2020 | Apr 12, 2021 | ₩34.49 | 1.95% |
5 | Dec 27, 2019 | Dec 27, 2019 | Apr 06, 2020 | ₩34.49 | 2.24% |
FAQ
Click here for our free guide on how to buy Hwaseung Corporation Co.,Ltd. Stock.