Hanhwa Arirang KOSPI50 ETF Stock Forecast
Hanhwa Arirang KOSPI50 ETF stock price ended at ₩25,615.00 on Tuesday, after losing 0.273%.
(Updated on May 14, 2024)
The Hanhwa Arirang KOSPI50 ETF stock price fell by -0.273% on the last day (Tuesday, 14th May 2024) from ₩25,685.00 to ₩25,615.00. During the last trading day the stock fluctuated 0.547% from a day low at ₩25,575.00 to a day high of ₩25,715.00. The price has risen in 6 of the last 10 days and is up by 1.03% over the past 2 weeks. Volume has increased on the last day by 4 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, 4 thousand shares were bought and sold for approximately ₩102.08 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Hanhwa Arirang KOSPI50 ETF stock with a 90% probability to be traded between ₩25,217.23 and ₩27,195.13 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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122090.KS Signals & Forecast
There are mixed signals in the stock today. The Hanhwa Arirang KOSPI50 ETF stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ₩25,721.86. On a fall, the stock will find some support from the short-term average at ₩25,605.00. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Wednesday, May 08, 2024, and so far it has fallen -0.83%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Hanhwa Arirang KOSPI50 ETF stock
Hanhwa Arirang KOSPI50 ETF finds support from accumulated volume at ₩25,230.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved ₩140.00 between high and low, or 0.547%. For the last week the stock has had daily average volatility of 0.97%.
Our recommended stop-loss: ₩24,824.43 (-3.09%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (122090.KS) For The Upcoming Trading Day Of Thursday 16th
For the upcoming trading day on Thursday, 16th we expect Hanhwa Arirang KOSPI50 ETF to open at ₩25,635.00, and during the day (based on 14 day Average True Range), to move between ₩25,232.70 and ₩25,997.30, which gives a possible trading interval of +/-₩382.30 (+/-1.49%) up or down from last closing price. If Hanhwa Arirang KOSPI50 ETF takes out the full calculated possible swing range there will be an estimated 2.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩25,230.00 (1.50%) than the resistance at ₩26,075.00 (1.80%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hanhwa Arirang KOSPI50 ETF stock A Buy?
Hanhwa Arirang KOSPI50 ETF 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: 0.176 Hold/Accumulate Unchanged
Predicted Opening Price for Hanhwa Arirang KOSPI50 ETF of Thursday, May 16, 2024
| Fair opening price May 16, 2024 | Current price |
|---|---|
| ₩25,635.00 ( 0.0781%) | ₩25,615.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 122090.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 25,775.00 | 0.625 % | |
| R2 | 25,721.52 | 0.416 % | ||
| R1 | 25,688.48 | 0.287 % | ||
| Current price: | 25,615.00 | |||
| Support | S1 | 25,581.52 | -0.131 % | |
| S2 | 25,548.48 | -0.260 % | ||
| S3 | 25,495.00 | -0.468 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 26,390.00 | 3.03 % | |
| R2 | 26,280.00 | 2.60 % | ||
| R1 | 26,075.00 | 1.80 % | ||
| Current price | 25,615.00 | |||
| Support | S1 | 25,230.00 | -1.50% | |
| S2 | 25,190.00 | -1.66% | ||
| S3 | 24,745.00 | -3.40% |
122090 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | May 03, 2024 | ₩350.00 | 1.39% |
| 2 | Oct 30, 2023 | Oct 30, 2023 | Oct 30, 2023 | ₩70.00 | 0.328% |
| 3 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | ₩500.00 | 2.23% |
| 4 | Oct 28, 2022 | Oct 28, 2022 | Oct 28, 2022 | ₩70.00 | 0.343% |
| 5 | Apr 27, 2017 | Apr 27, 2017 | Apr 27, 2017 | ₩280.00 | 1.47% |
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