Hana Micron Inc. Stock Forecast
Evaluation of Hana Micron Inc. stock downgraded after the last trading session.
(Updated on Jun 24, 2024)
The Hana Micron Inc. stock price fell by -4.30% on the last day (Monday, 24th Jun 2024) from ₩22,100.00 to ₩21,150.00. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 4.03% from a day low at ₩21,100.00 to a day high of ₩21,950.00. The price has fallen in 6 of the last 10 days and is down by -6.62% 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 -92 thousand shares and in total, 538 thousand shares were bought and sold for approximately ₩11.37 billion.
The stock has broken the horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately ₩21,354.55 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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067310.KQ 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 Hana Micron Inc. 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 ₩22,292.86 and ₩22,128.57. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -9.42%. 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 Hana Micron Inc. 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 ₩850.00 between high and low, or 4.03%. For the last week, the stock has had daily average volatility of 4.46%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (067310.KQ) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Hana Micron Inc. to open at ₩21,400.00, and during the day (based on 14 day Average True Range), to move between ₩20,258.08 and ₩22,041.92, which gives a possible trading interval of +/-₩891.92 (+/-4.22%) up or down from last closing price. If Hana Micron Inc. takes out the full calculated possible swing range there will be an estimated 8.43% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ ₩22,100.00, some ₩950.00 (4.49%) from the current price of ₩21,150.00, our system finds the risk reward not very attractive.
Is Hana Micron Inc. stock A Buy?
Hana Micron Inc. holds several negative signals and is within a 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.063 Sell Candidate Downgraded
Predicted Opening Price for Hana Micron Inc. of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| ₩21,400.00 ( 1.18%) | ₩21,150.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 067310.KQ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 22,250.00 | 5.20% |
| R2 | 21,925.30 | 3.67% |
| R1 | 21,724.70 | 2.72% |
| Price | 21,150.00 | |
| S1 | 21,075.30 | -0.353% |
| S2 | 20,874.70 | -1.30% |
| S3 | 20,550.00 | -2.84% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23,350.00 | 10.40% |
| R2 | 22,650.00 | 7.09% |
| R1 | 22,100.00 | 4.49% |
| Price | 21,150.00 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
067310 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Dec 27, 2023 | ₩50.00 | 0.169% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩50.00 | 0.525% |
| 3 | Dec 29, 2015 | Dec 29, 2015 | Dec 29, 2015 | ₩50.00 | 1.08% |
| 4 | Dec 29, 2014 | Dec 29, 2014 | Dec 29, 2014 | ₩100.00 | 1.23% |
| 5 | Dec 28, 2011 | Dec 28, 2011 | Dec 28, 2011 | ₩100.00 | 1.06% |
FAQ
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