Hanwha Investment Trust Management - Stock Forecast
Hanwha Investment Trust Management - stock upgraded to Hold/Accumulate.
(Updated on May 03, 2024)
No changes to the price of Hanwha Investment Trust Management - stock on the last trading day (Friday, 3rd May 2024). During the last trading day the stock fluctuated 0% from a day low at ₩54,190.00 to a day high of ₩54,190.00. The price has been going up and down for this period, and there has been a -0.03% loss for the last 2 weeks.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Hanwha Investment Trust Management - stock with a 90% probability to be traded between ₩54,037.61 and ₩54,421.93 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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298340.KS Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 0.102%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Hanwha Investment Trust Management - 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 ₩54,292.00. On a fall, the stock will find some support from the short-term average at ₩54,169.29. 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). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Monday, February 26, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, November 06, 2023.
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 Monday, February 26, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, November 06, 2023.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 12 Months
The stock had a Golden Star Signal on Monday, February 26, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, November 06, 2023.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.
A buy signal from a double bottom formation was found on Monday, April 22, 2024 and based on theory for this formation the price should go up by 0.710% to ₩54,575.00 within 44 trading days since signal was issued (Tuesday, May 07, 2024).
Support, Risk & Stop-loss for Hanwha Investment Trust Management - stock
Hanwha Investment Trust Management - finds support from accumulated volume at ₩54,145.00 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved ₩0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.0333%
Our recommended stop-loss: ₩50,886.79 (-6.10%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (298340.KS) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Hanwha Investment Trust Management - Arirang KTB 3 Year Futures ETF to open at ₩54,190.00, and during the day (based on 14 day Average True Range), to move between ₩54,152.10 and ₩54,227.90, which gives a possible trading interval of +/-₩37.90 (+/-0.07%) up or down from last closing price. If Hanwha Investment Trust Management - Arirang KTB 3 Year Futures ETF takes out the full calculated possible swing range there will be an estimated 0.14% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩54,195.00 (0.01%) than the support at ₩54,145.00 (0.08%), 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 Hanwha Investment Trust Management - Arirang KTB 3 Year Futures ETF stock A Buy?
Hanwha Investment Trust Management - 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Hanwha Investment Trust Management - Arirang KTB 3 Year Futures ETF of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| ₩54,190.00 ( 0%) | ₩54,190.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 298340.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 54,190.00 | . | |
| R2 | 54,190.00 | . | ||
| R1 | 54,190.00 | . | ||
| Current price: | 54,190.00 | |||
| Support | S1 | 54,190.00 | . | |
| S2 | 54,190.00 | . | ||
| S3 | 54,190.00 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 54,270.00 | 0.148 % | |
| R2 | 54,250.00 | 0.111 % | ||
| R1 | 54,195.00 | 0.0092 % | ||
| Current price | 54,190.00 | |||
| Support | S1 | 54,145.00 | -0.0830% | |
| S2 | 54,140.00 | -0.0923% | ||
| S3 | 54,135.00 | -0.101% |
FAQ
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