Hana Financial Group Inc. Stock Forecast
Hana Financial Group Inc. stock upgraded from Sell Candidate to Hold/Accumulate after Thursday trading session.
(Updated on May 30, 2024)
The Hana Financial Group Inc. stock price fell by -0.98% on the last day (Thursday, 30th May 2024) from ₩61,500.00 to ₩60,900.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 3.28% from a day low at ₩60,900.00 to a day high of ₩62,900.00. The price has fallen in 8 of the last 10 days and is down by -4.25% for this period. Volume has increased on the last day by 22 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, 607 thousand shares were bought and sold for approximately ₩36.95 billion.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Hana Financial Group Inc. stock with a 90% probability to be traded between ₩53,578.06 and ₩65,426.30 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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086790.KS Signals & Forecast
The Hana Financial Group Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₩61,585.71. On a fall, the stock will find some support from the long-term average at approximately ₩59,125.71. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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, May 20, 2024, and so far it has fallen -5.29%. 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. The stock had a Golden Star Signal on Tuesday, May 07, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Tuesday, May 07, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Hana Financial Group Inc. stock
Hana Financial Group Inc. finds support from accumulated volume at ₩59,700.00 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 ₩2,000.00 between high and low, or 3.28%. For the last week, the stock has had daily average volatility of 2.77%.
Our recommended stop-loss: ₩58,606.49 (-3.77%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 28 days ago.)
Trading Expectations (086790.KS) For The Upcoming Trading Day Of Friday 31st
For the upcoming trading day on Friday, 31st we expect Hana Financial Group Inc. to open at ₩61,566.67, and during the day (based on 14 day Average True Range), to move between ₩58,791.51 and ₩63,008.49, which gives a possible trading interval of +/-₩2,108.49 (+/-3.46%) up or down from last closing price. If Hana Financial Group Inc. takes out the full calculated possible swing range there will be an estimated 6.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩61,400.00 (0.82%) than the support at ₩59,700.00 (1.97%), 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 Hana Financial Group Inc. stock A Buy?
Hana Financial Group Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.557 Hold/Accumulate Upgraded
Predicted Opening Price for Hana Financial Group Inc. of Friday, May 31, 2024
Fair opening price May 31, 2024 | Current price |
---|---|
₩61,566.67 ( 1.09%) | ₩60,900.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 086790.KS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 63,566.67 | 4.38 % | |
R2 | 62,802.67 | 3.12 % | ||
R1 | 62,330.67 | 2.35 % | ||
Current price: | 60,900.00 | |||
Support | S1 | 60,802.67 | -0.160 % | |
S2 | 60,330.67 | -0.93 % | ||
S3 | 59,566.67 | -2.19 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 62,100.00 | 1.97 % | |
R2 | 62,000.00 | 1.81 % | ||
R1 | 61,400.00 | 0.82 % | ||
Current price | 60,900.00 | |||
Support | S1 | 59,700.00 | -1.97% | |
S2 | 59,500.00 | -2.30% | ||
S3 | 58,900.00 | -3.28% |
086790 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 28, 2024 | Mar 28, 2024 | May 01, 2024 | ₩600.00 | 1.02% |
2 | Feb 27, 2024 | Feb 27, 2024 | Apr 01, 2024 | ₩1,600.00 | 2.84% |
3 | Sep 26, 2023 | Sep 26, 2023 | Nov 10, 2023 | ₩600.00 | 1.47% |
4 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | ₩600.00 | 1.55% |
5 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | ₩600.00 | 1.49% |
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