Haitai Confectionery&Foods Co.,ltd. Stock Forecast
Red day on Tuesday for Haitai Confectionery&Foods Co.,ltd. stock after losing 0.384%
(Updated on Jun 25, 2024)
The Haitai Confectionery&Foods Co.,ltd. stock price fell by -0.384% on the last day (Tuesday, 25th Jun 2024) from ₩7,820.00 to ₩7,790.00. During the last trading day the stock fluctuated 4.87% from a day low at ₩7,590.00 to a day high of ₩7,960.00. The price has fallen in 6 of the last 10 days and is down by -8.24% 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, 196 thousand shares were bought and sold for approximately ₩1.53 billion.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 50.40% during the next 3 months and, with a 90% probability hold a price between ₩9,886.41 and ₩14,571.83 at the end of this 3-month period.
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101530.KS Signals & Forecast
The Haitai Confectionery&Foods Co.,ltd. 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 ₩8,290.00. On a fall, the stock will find some support from the long-term average at approximately ₩6,683.14. 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. 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. A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen -16.33%. 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. 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 Haitai Confectionery&Foods Co.,ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at ₩6,100.00 and ₩5,920.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Haitai Confectionery&Foods Co.,ltd. finds support just below today's level at ₩6,100.00. If this is broken, then the next support from accumulated volume will be at ₩5,920.00 and ₩5,870.00.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved ₩370.00 between high and low, or 4.87%. For the last week, the stock has had daily average volatility of 8.08%.
Our recommended stop-loss: ₩7,452.45 (-4.33%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (101530.KS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Haitai Confectionery&Foods Co.,ltd. to open at ₩7,780.00, and during the day (based on 14 day Average True Range), to move between ₩7,265.04 and ₩8,314.96, which gives a possible trading interval of +/-₩524.96 (+/-6.74%) up or down from last closing price. If Haitai Confectionery&Foods Co.,ltd. takes out the full calculated possible swing range there will be an estimated 13.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩7,820.00 (0.39%) than the support at ₩6,100.00 (21.69%), 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 Haitai Confectionery&Foods 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 Haitai Confectionery&Foods Co.,ltd. stock to perform well in the short-term.
Current score: 1.623 Buy Candidate Unchanged
Predicted Opening Price for Haitai Confectionery&Foods Co.,ltd. of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
₩7,780.00 ( 0.128%) | ₩7,790.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 101530.KS
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 8,150.00 | 4.62% |
R2 | 8,008.66 | 2.81% |
R1 | 7,921.34 | 1.69% |
Price | 7,790.00 | |
S1 | 7,638.66 | -1.94% |
S2 | 7,551.34 | -3.06% |
S3 | 7,410.00 | -4.88% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 8,700.00 | 11.68% |
R2 | 8,490.00 | 8.99% |
R1 | 7,820.00 | 0.385% |
Price | 7,790.00 | |
S1 | 6,100.00 | -21.69% |
S2 | 5,920.00 | -24.01% |
S3 | 5,870.00 | -24.65% |
101530 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 27, 2023 | Dec 27, 2023 | Apr 22, 2024 | ₩200.00 | 3.80% |
2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩200.00 | 2.94% |
3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩200.00 | 2.51% |
4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩200.00 | 2.41% |
5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩150.00 | 2.09% |
FAQ
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