HANMI Semiconductor Co., Ltd. Stock Forecast
HANMI Semiconductor Co., Ltd. stock price ended at ₩139,100.00 on Friday, after losing 1.77%.
(Updated on May 10, 2024)
The HANMI Semiconductor Co., Ltd. stock price fell by -1.77% on the last day (Friday, 10th May 2024) from ₩141,600.00 to ₩139,100.00. During the last trading day the stock fluctuated 3.28% from a day low at ₩137,400.00 to a day high of ₩141,900.00. The price has fallen in 6 of the last 10 days and is down by -2.45% 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 -167 thousand shares and in total, 1 million shares were bought and sold for approximately ₩145.99 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 ₩135,317.65 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 86.70% during the next 3 months and, with a 90% probability hold a price between ₩252,641.92 and ₩315,341.18 at the end of this 3-month period.
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042700.KS Signals & Forecast
The HANMI Semiconductor 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 ₩136,571.43 and ₩131,451.43. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 15, 2024, and so far it has fallen -4.92%. 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 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 HANMI Semiconductor Co., Ltd. stock
HANMI Semiconductor Co., Ltd. finds support from accumulated volume at ₩134,000.00 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 ₩4,500.00 between high and low, or 3.28%. For the last week, the stock has had daily average volatility of 4.19%.
Our recommended stop-loss: ₩133,041.80 (-4.36%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (042700.KS) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect HANMI Semiconductor Co., Ltd. to open at ₩139,466.67, and during the day (based on 14 day Average True Range), to move between ₩131,246.98 and ₩146,953.02, which gives a possible trading interval of +/-₩7,853.02 (+/-5.65%) up or down from last closing price. If HANMI Semiconductor Co., Ltd. takes out the full calculated possible swing range there will be an estimated 11.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩142,300.00 (2.30%) than the support at ₩134,000.00 (3.67%), 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.
Earnings coming up
HANMI Semiconductor Co., Ltd. will release earnings BMO on Friday, May 10, 2024.The consensus among the analysts for the expected earnings (EPS) is $216.54. We will update the financials statements for HANMI Semiconductor Co., Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.43% in the first trading day after earnings release.
Is HANMI Semiconductor 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 HANMI Semiconductor Co., Ltd. stock to perform well in the short-term.
Current score: 3.944 Buy Candidate Unchanged
Predicted Opening Price for HANMI Semiconductor Co., Ltd. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| ₩139,466.67 ( 0.264%) | ₩139,100.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 042700.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 143,966.67 | 3.50 % | |
| R2 | 142,247.67 | 2.26 % | ||
| R1 | 141,185.67 | 1.50 % | ||
| Current price: | 139,100.00 | |||
| Support | S1 | 137,747.67 | -0.97 % | |
| S2 | 136,685.67 | -1.74 % | ||
| S3 | 134,966.67 | -2.97 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 145,500.00 | 4.60 % | |
| R2 | 142,600.00 | 2.52 % | ||
| R1 | 142,300.00 | 2.30 % | ||
| Current price | 139,100.00 | |||
| Support | S1 | 134,000.00 | -3.67% | |
| S2 | 114,400.00 | -17.76% | ||
| S3 | 112,500.00 | -19.12% |
042700 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 06, 2024 | Mar 06, 2024 | May 01, 2024 | ₩420.00 | 0.311% |
| 2 | Mar 06, 2023 | Mar 06, 2023 | Mar 06, 2023 | ₩420.00 | 2.65% |
| 3 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩200.00 | 1.68% |
| 4 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩300.00 | 1.62% |
| 5 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩200.00 | 2.23% |
FAQ
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