Hanwha Arirang KOSDAQ-150 Futures Stock Forecast
Green day on Friday for Hanwha Arirang KOSDAQ-150 Futures
(Updated on Jun 14, 2024)
The Hanwha Arirang KOSDAQ-150 Futures stock price gained 1.50% on the last trading day (Friday, 14th Jun 2024), rising from ₩5,340.00 to ₩5,420.00. During the last trading day the stock fluctuated 4.23% from a day low at ₩5,200.00 to a day high of ₩5,420.00. The price has fallen in 7 of the last 10 days and is down by -5% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 3 thousand shares were bought and sold for approximately ₩14.79 million.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₩5,347.44 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 8.37% during the next 3 months and, with a 90% probability hold a price between ₩5,795.10 and ₩6,263.23 at the end of this 3-month period.
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301410.KS Signals & Forecast
There are mixed signals in the stock today. The Hanwha Arirang KOSDAQ-150 Futures 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 ₩5,445.00. On a fall, the stock will find some support from the short-term average at ₩5,382.14. 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 Thursday, May 30, 2024, and so far it has fallen -5.00%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Hanwha Arirang KOSDAQ-150 Futures stock
Hanwha Arirang KOSDAQ-150 Futures finds support from accumulated volume at ₩5,285.00 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 ₩220.00 (4.23%) between high and low. For the last week, the stock has had daily average volatility of 1.90%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (301410.KS) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Hanwha Arirang KOSDAQ-150 Futures Inverse Securities Listing Index Investment Trust to open at ₩5,346.67, and during the day (based on 14 day Average True Range), to move between ₩5,316.72 and ₩5,523.28, which gives a possible trading interval of +/-₩103.28 (+/-1.91%) up or down from last closing price. If Hanwha Arirang KOSDAQ-150 Futures Inverse Securities Listing Index Investment Trust takes out the full calculated possible swing range there will be an estimated 3.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩5,485.00 (1.20%) than the support at ₩5,285.00 (2.49%), 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 Arirang KOSDAQ-150 Futures Inverse Securities Listing Index Investment Trust stock A Buy?
Hanwha Arirang KOSDAQ-150 Futures 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: -1.865 Sell Candidate Unchanged
Predicted Opening Price for Hanwha Arirang KOSDAQ-150 Futures Inverse Securities Listing Index Investment Trust of Monday, June 17, 2024
Fair opening price June 17, 2024 | Current price |
---|---|
₩5,346.67 ( 1.35%) | ₩5,420.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 301410.KS
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 5,566.67 | 2.71% |
R2 | 5,482.63 | 1.16% |
R1 | 5,430.71 | 0.198% |
Price | 5,420.00 | |
S1 | 5,262.63 | -2.90% |
S2 | 5,210.71 | -3.86% |
S3 | 5,126.67 | -5.41% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 5,570.00 | 2.77% |
R2 | 5,530.00 | 2.03% |
R1 | 5,485.00 | 1.20% |
Price | 5,420.00 | |
S1 | 5,285.00 | -2.49% |
S2 | 5,215.00 | -3.78% |
S3 | 5,130.00 | -5.35% |
FAQ
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