Hanon Systems Stock Forecast
Red day on Friday for Hanon Systems
(Updated on Jun 21, 2024)
The Hanon Systems stock price fell by -0.401% on the last day (Friday, 21st Jun 2024) from ₩4,985.00 to ₩4,965.00. During the last trading day the stock fluctuated 2.57% from a day low at ₩4,865.00 to a day high of ₩4,990.00. The price has fallen in 6 of the last 10 days and is down by -1.68% for this period. Volume has increased on the last day by 119 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, 2 million shares were bought and sold for approximately ₩9.41 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 -13.98% during the next 3 months and, with a 90% probability hold a price between ₩3,627.18 and ₩5,137.34 at the end of this 3-month period.
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018880.KS Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 6.32%. Further rise is indicated until a new top pivot has been found. 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 a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ₩5,224.86. On a fall, the stock will find some support from the short-term average at ₩4,879.29. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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 Hanon Systems stock
Hanon Systems finds support from accumulated volume at ₩4,805.00 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 ₩125.00 between high and low, or 2.57%. For the last week, the stock has had daily average volatility of 3.44%.
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 24th
For the upcoming trading day on Monday, 24th we expect Hanon Systems to open at ₩4,940.00, and during the day (based on 14 day Average True Range), to move between ₩4,788.81 and ₩5,141.19, which gives a possible trading interval of +/-₩176.19 (+/-3.55%) up or down from last closing price. If Hanon Systems takes out the full calculated possible swing range there will be an estimated 7.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩5,010.00 (0.91%) than the support at ₩4,805.00 (3.22%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Hanon Systems stock A Buy?
Hanon Systems 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: -1.898 Sell Candidate Unchanged
Predicted Opening Price for Hanon Systems of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| ₩4,940.00 ( 0.504%) | ₩4,965.00 |
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 | 5,065.00 | 2.01% |
| R2 | 5,017.25 | 1.05% |
| R1 | 4,987.75 | 0.458% |
| Price | 4,965.00 | |
| S1 | 4,892.25 | -1.47% |
| S2 | 4,862.75 | -2.06% |
| S3 | 4,815.00 | -3.02% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5,620.00 | 13.19% |
| R2 | 5,020.00 | 1.11% |
| R1 | 5,010.00 | 0.91% |
| Price | 4,965.00 | |
| S1 | 4,805.00 | -3.22% |
| S2 | 4,725.00 | -4.83% |
| S3 | 4,670.00 | -5.94% |
018880 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Aug 26, 2024 | ₩90.00 | 1.81% |
| 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% |
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