Hankook Tire & Technology Co., Ltd. Stock Forecast
Hankook Tire & Technology Co., Ltd. stock price ended at ₩45,100.00 on Tuesday, after gaining 4.40%.
(Updated on May 14, 2024)
The Hankook Tire & Technology Co., Ltd. stock price gained 4.40% on the last trading day (Tuesday, 14th May 2024), rising from ₩43,200.00 to ₩45,100.00. During the last trading day the stock fluctuated 3.92% from a day low at ₩43,400.00 to a day high of ₩45,100.00. The price has been going up and down for this period, and there has been a -20.46% loss 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, 691 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately ₩70.55 billion.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₩42,893.67 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -4.81% during the next 3 months and, with a 90% probability hold a price between ₩40,832.61 and ₩59,157.03 at the end of this 3-month period.
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161390.KS Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, May 10, 2024, and so far it has risen 4.88%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Hankook Tire & Technology Co., Ltd. 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 ₩54,465.71. On a fall, the stock will find some support from the short-term average at ₩45,071.43. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Hankook Tire & Technology Co., Ltd. stock
Hankook Tire & Technology Co., Ltd. finds support from accumulated volume at ₩44,050.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 ₩1,700.00 between high and low, or 3.92%. For the last week, the stock has had daily average volatility of 3.51%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (161390.KS) For The Upcoming Trading Day Of Thursday 16th
For the upcoming trading day on Thursday, 16th we expect Hankook Tire & Technology Co., Ltd. to open at ₩44,533.33, and during the day (based on 14 day Average True Range), to move between ₩42,410.37 and ₩47,789.63, which gives a possible trading interval of +/-₩2,689.63 (+/-5.96%) up or down from last closing price. If Hankook Tire & Technology Co., Ltd. takes out the full calculated possible swing range there will be an estimated 11.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩44,050.00 (2.33%) than the resistance at ₩52,700.00 (16.85%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hankook Tire & Technology Co., Ltd. stock A Buy?
Hankook Tire & Technology Co., Ltd. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.195 Sell Candidate Unchanged
Predicted Opening Price for Hankook Tire & Technology Co., Ltd. of Thursday, May 16, 2024
| Fair opening price May 16, 2024 | Current price |
|---|---|
| ₩44,533.33 ( 1.26%) | ₩45,100.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 161390.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 46,233.33 | 2.51 % | |
| R2 | 45,583.93 | 1.07 % | ||
| R1 | 45,182.73 | 0.183 % | ||
| Current price: | 45,100.00 | |||
| Support | S1 | 43,883.93 | -2.70 % | |
| S2 | 43,482.73 | -3.59 % | ||
| S3 | 42,833.33 | -5.03 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 54,700.00 | 21.29 % | |
| R2 | 53,400.00 | 18.40 % | ||
| R1 | 52,700.00 | 16.85 % | ||
| Current price | 45,100.00 | |||
| Support | S1 | 44,050.00 | -2.33% | |
| S2 | 43,750.00 | -2.99% | ||
| S3 | 43,000.00 | -4.66% |
161390 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 26, 2024 | ₩800.00 | 1.41% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩800.00 | 2.45% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩700.00 | 1.74% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩650.00 | 1.65% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩550.00 | 1.64% |
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