Hansae Co., Ltd. Stock Forecast
Green day on Friday for Hansae Co., Ltd. stock after gaining 0.240%
(Updated on Jun 14, 2024)
The Hansae Co., Ltd. stock price gained 0.240% on the last trading day (Friday, 14th Jun 2024), rising from ₩20,850.00 to ₩20,900.00. During the last trading day the stock fluctuated 4.94% from a day low at ₩20,250.00 to a day high of ₩21,250.00. The price has been going up and down for this period, and there has been a 3.21% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 83 thousand more shares were traded than the day before. In total, 173 thousand shares were bought and sold for approximately ₩3.61 billion.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₩20,745.79 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 6.42% during the next 3 months and, with a 90% probability hold a price between ₩22,077.77 and ₩25,344.60 at the end of this 3-month period.
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105630.KS Signals & Forecast
There are mixed signals in the stock today. The Hansae Co., Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₩20,942.86 and ₩21,301.43. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Monday, June 10, 2024, and so far it has risen 1.21%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Hansae Co., Ltd. stock
Hansae Co., Ltd. finds support from accumulated volume at ₩20,650.00 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 ₩1,000.00 between high and low, or 4.94%. For the last week, the stock has had daily average volatility of 3.31%.
Our recommended stop-loss: ₩19,722.57 (-5.63%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (105630.KS) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Hansae Co., Ltd. to open at ₩20,800.00, and during the day (based on 14 day Average True Range), to move between ₩19,970.28 and ₩21,829.72, which gives a possible trading interval of +/-₩929.72 (+/-4.45%) up or down from last closing price. If Hansae Co., Ltd. takes out the full calculated possible swing range there will be an estimated 8.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩20,650.00 (1.20%) than the resistance at ₩21,350.00 (2.15%), 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?
Hansae Co., Ltd. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.059 Hold/Accumulate Unchanged
Predicted Opening Price for Hansae Co., Ltd. of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| ₩20,800.00 ( 0.478%) | ₩20,900.00 |
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 | |
|---|---|---|
| R3 | 21,800.00 | 4.31% |
| R2 | 21,418.00 | 2.48% |
| R1 | 21,182.00 | 1.35% |
| Price | 20,900.00 | |
| S1 | 20,418.00 | -2.31% |
| S2 | 20,182.00 | -3.44% |
| S3 | 19,800.00 | -5.26% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23,600.00 | 12.92% |
| R2 | 23,150.00 | 10.77% |
| R1 | 21,350.00 | 2.15% |
| Price | 20,900.00 | |
| S1 | 20,650.00 | -1.20% |
| S2 | 20,250.00 | -3.11% |
| S3 | 19,990.00 | -4.35% |
105630 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 16, 2024 | ₩500.00 | 2.62% |
| 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% |
FAQ
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