Hanon Systems Stock Forecast
Hanon Systems stock price down 1.16% on Friday
(Updated on Jun 14, 2024)
The Hanon Systems stock price fell by -1.16% on the last day (Friday, 14th Jun 2024) from ₩4,725.00 to ₩4,670.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.04% from a day low at ₩4,655.00 to a day high of ₩4,750.00. The price has fallen in 7 of the last 10 days and is down by -7.52% for this period. 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 -6 million shares and in total, 4 million shares were bought and sold for approximately ₩16.50 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 -13.51% during the next 3 months and, with a 90% probability hold a price between ₩3,728.94 and ₩5,244.29 at the end of this 3-month period.
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018880.KS Signals & Forecast
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. The Hanon Systems 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 ₩4,870.00 and ₩5,272.86. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 03, 2024, and so far it has fallen -28.04%. 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 Hanon Systems stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 ₩95.00 between high and low, or 2.04%. For the last week, the stock has had daily average volatility of 3.08%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (018880.KS) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Hanon Systems to open at ₩4,691.67, and during the day (based on 14 day Average True Range), to move between ₩4,486.64 and ₩4,853.36, which gives a possible trading interval of +/-₩183.36 (+/-3.93%) up or down from last closing price. If Hanon Systems takes out the full calculated possible swing range there will be an estimated 7.85% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ ₩4,725.00, some ₩55.00 (1.18%) from the current price of ₩4,670.00, our system finds the risk reward not very attractive.
Is Hanon Systems stock A Buy?
Hanon Systems holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -4.219 Sell Candidate Unchanged
Predicted Opening Price for Hanon Systems of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| ₩4,691.67 ( 0.464%) | ₩4,670.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 018880.KS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4,786.67 | 2.50% |
| R2 | 4,750.38 | 1.72% |
| R1 | 4,727.96 | 1.24% |
| Price | 4,670.00 | |
| S1 | 4,655.38 | -0.313% |
| S2 | 4,632.96 | -0.793% |
| S3 | 4,596.67 | -1.57% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5,620.00 | 20.34% |
| R2 | 5,010.00 | 7.28% |
| R1 | 4,725.00 | 1.18% |
| Price | 4,670.00 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
018880 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Aug 26, 2024 | ₩90.00 | 1.93% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | May 27, 2024 | ₩90.00 | 1.70% |
| 3 | Dec 27, 2023 | Dec 27, 2023 | Apr 22, 2024 | ₩90.00 | 1.75% |
| 4 | Sep 26, 2023 | Sep 26, 2023 | Nov 23, 2023 | ₩68.00 | 0.94% |
| 5 | Jun 29, 2023 | Jun 29, 2023 | Aug 24, 2023 | ₩90.00 | 0.99% |
FAQ
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