Hankuk Carbon Co., Ltd. Stock Forecast
Is Hankuk Carbon Co., Ltd. stock still a buy after falling -5.34% on Friday?
(Updated on May 17, 2024)
The Hankuk Carbon Co., Ltd. stock price fell by -5.34% on the last day (Friday, 17th May 2024) from ₩11,610.00 to ₩10,990.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 5.10% from a day low at ₩10,990.00 to a day high of ₩11,550.00. The price has fallen in 7 of the last 10 days and is down by -3.51% for this period. Volume has increased on the last day by 463 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, 651 thousand shares were bought and sold for approximately ₩7.16 billion.
The stock lies in the middle of a wide and 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 11.06% during the next 3 months and, with a 90% probability hold a price between ₩11,738.78 and ₩13,149.52 at the end of this 3-month period.
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017960.KS Signals & Forecast
There are few to no technical positive signals at the moment. The Hankuk Carbon Co., Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ₩11,504.29 and ₩11,024.29. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 13, 2024, and so far it has fallen -6.71%. 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 Hankuk Carbon Co., Ltd. stock
Hankuk Carbon Co., Ltd. finds support from accumulated volume at ₩10,880.00 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 ₩560.00 between high and low, or 5.10%. For the last week, the stock has had daily average volatility of 3.15%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (017960.KS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Hankuk Carbon Co., Ltd. to open at ₩11,176.67, and during the day (based on 14 day Average True Range), to move between ₩10,661.72 and ₩11,318.28, which gives a possible trading interval of +/-₩328.28 (+/-2.99%) up or down from last closing price. If Hankuk Carbon Co., Ltd. takes out the full calculated possible swing range there will be an estimated 5.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩10,880.00 (1.00%) than the resistance at ₩11,110.00 (1.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hankuk Carbon Co., Ltd. stock A Buy?
The Hankuk Carbon Co., Ltd. stock holds several negative signals and despite the positive trend, we believe Hankuk Carbon Co., Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -4.822 Sell Candidate Downgraded
Predicted Opening Price for Hankuk Carbon Co., Ltd. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ₩11,176.67 ( 1.70%) | ₩10,990.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 017960.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11,736.67 | 6.79 % | |
| R2 | 11,522.75 | 4.85 % | ||
| R1 | 11,390.59 | 3.65 % | ||
| Current price: | 10,990.00 | |||
| Support | S1 | 10,962.75 | -0.248 % | |
| S2 | 10,830.59 | -1.45 % | ||
| S3 | 10,616.67 | -3.40 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11,520.00 | 4.82 % | |
| R2 | 11,390.00 | 3.64 % | ||
| R1 | 11,110.00 | 1.09 % | ||
| Current price | 10,990.00 | |||
| Support | S1 | 10,880.00 | -1.00% | |
| S2 | 10,840.00 | -1.36% | ||
| S3 | 10,600.00 | -3.55% |
017960 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 26, 2024 | ₩130.00 | 1.14% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩130.00 | 1.14% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩150.00 | 1.40% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩180.00 | 1.37% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩120.00 | 1.55% |
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