Hansae Co., Ltd. Stock Forecast
Weaker technical forecast for Hansae Co., Ltd. as stock downgraded to Strong Sell Candidate.
(Updated on May 23, 2024)
The Hansae Co., Ltd. stock price fell by -2.91% on the last day (Thursday, 23rd May 2024) from ₩20,650.00 to ₩20,050.00. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 2.99% from a day low at ₩20,050.00 to a day high of ₩20,650.00. The price has fallen in 6 of the last 10 days and is down by -8.03% 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 -23 thousand shares and in total, 88 thousand shares were bought and sold for approximately ₩1.76 billion.
The stock has broken the wide and strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at ₩20,094.33. A reaction back to this level may hold a second chance to get out before further falls.
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105630.KS Signals & Forecast
There are few to no technical positive signals at the moment. The Hansae Co., Ltd. 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 ₩21,507.14 and ₩21,029.71. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -10.09%. 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 Hansae Co., Ltd. stock
Hansae Co., Ltd. finds support from accumulated volume at ₩19,990.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ₩600.00 (2.99%) between high and low. For the last week, the stock has had daily average volatility of 3.32%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (105630.KS) For The Upcoming Trading Day Of Friday 24th
For the upcoming trading day on Friday, 24th we expect Hansae Co., Ltd. to open at ₩20,250.00, and during the day (based on 14 day Average True Range), to move between ₩19,313.81 and ₩20,786.19, which gives a possible trading interval of +/-₩736.19 (+/-3.67%) up or down from last closing price. If Hansae Co., Ltd. takes out the full calculated possible swing range there will be an estimated 7.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩19,990.00 (0.30%) than the resistance at ₩20,400.00 (1.75%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hansae Co., Ltd. stock A Buy?
The Hansae Co., Ltd. stock holds several negative signals and despite the positive trend, we believe Hansae Co., Ltd. will perform weakly in the next couple of days or weeks. Therefore, we 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 Sell to a Strong Sell candidate.
Current score: -5.979 Strong Sell Candidate Downgraded
Predicted Opening Price for Hansae Co., Ltd. of Friday, May 24, 2024
| Fair opening price May 24, 2024 | Current price |
|---|---|
| ₩20,250.00 ( 1.00%) | ₩20,050.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 105630.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20,850.00 | 3.99 % | |
| R2 | 20,620.80 | 2.85 % | ||
| R1 | 20,479.20 | 2.14 % | ||
| Current price: | 20,050.00 | |||
| Support | S1 | 20,020.80 | -0.146 % | |
| S2 | 19,879.20 | -0.85 % | ||
| S3 | 19,650.00 | -2.00 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21,350.00 | 6.48 % | |
| R2 | 21,100.00 | 5.24 % | ||
| R1 | 20,400.00 | 1.75 % | ||
| Current price | 20,050.00 | |||
| Support | S1 | 19,990.00 | -0.299% | |
| S2 | 19,850.00 | -1.00% | ||
| S3 | 18,220.00 | -9.13% |
105630 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Dec 27, 2023 | ₩0 | 0% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩500.00 | 3.14% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩500.00 | 2.32% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩500.00 | 2.80% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩500.00 | 2.89% |
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