14-day Premium Trial Subscription Try For FreeTry Free

Hanwha Arirang US Long-Term Credit Bond Stock Forecast

₩91,870.00
+870.00 (+0.96%)
At Close: Jun 14, 2024
RSI low/high Values: [ 20 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of 332620.KS
Powered by GPT-4o
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Stronger technical forecast for Hanwha Arirang US Long-Term Credit Bond stock price after Friday trading.
(Updated on Jun 14, 2024)

Buy candidate since May 30, 2024 Gain 3.03% PDF

The Hanwha Arirang US Long-Term Credit Bond stock price gained 0.96% on the last trading day (Friday, 14th Jun 2024), rising from ₩91,000.00 to ₩91,870.00. During the last trading day the stock fluctuated 0.103% from a day low at ₩91,815.00 to a day high of ₩91,910.00. The price has risen in 6 of the last 10 days and is up by 3.03% over the past 2 weeks. Volume fell on the last day by -225 shares and in total, 855 shares were bought and sold for approximately ₩78.55 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock has broken the narrow and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. ₩91,746.61 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach ₩95,466.79 sometime during the next 3 months.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

332620.KS Signals & Forecast

Mostly positive signals in the chart today. The Hanwha Arirang US Long-Term Credit Bond stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ₩91,101.43 and ₩89,458.29. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 3.59%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. The stock had a Golden Star Signal on Friday, May 31, 2024 in the long-term chart.

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.

Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Friday, May 31, 2024 in the long-term chart.

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.

Support, Risk & Stop-loss for Hanwha Arirang US Long-Term Credit Bond stock

Hanwha Arirang US Long-Term Credit Bond finds support from accumulated volume at ₩89,610.00 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 ₩95.00 between high and low, or 0.103%. For the last week the stock has had daily average volatility of 0.106%.

Our recommended stop-loss: ₩87,488.69 (-4.77%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 14 days ago.)

Trading Expectations (332620.KS) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect Hanwha Arirang US Long-Term Credit Bond ETF to open at ₩91,865.00, and during the day (based on 14 day Average True Range), to move between ₩91,180.07 and ₩92,559.93, which gives a possible trading interval of +/-₩689.93 (+/-0.75%) up or down from last closing price. If Hanwha Arirang US Long-Term Credit Bond ETF takes out the full calculated possible swing range there will be an estimated 1.50% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ ₩89,610.00, some ₩2,260.00 (2.46%) from the current price of ₩91,870.00, our system finds the risk reward attractive.

Is Hanwha Arirang US Long-Term Credit Bond ETF stock A Buy?

Hanwha Arirang US Long-Term Credit Bond holds several positive signals and has broken the narrow and horizontal trend up. As the stock is in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 6.099 Strong Buy Candidate Upgraded

Predicted Opening Price for Hanwha Arirang US Long-Term Credit Bond ETF of Monday, June 17, 2024

Fair opening price June 17, 2024 Current price
₩91,865.00 ( 0.0054%) ₩91,870.00

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for 332620.KS

Fibonacci Support & Resistance Levels

Level Price
R3 91,960.00 0.0980%
R2 91,923.71 0.0585%
R1 91,901.29 0.0341%
Price 91,870.00
S1 91,828.71 -0.0449%
S2 91,806.29 -0.0693%
S3 91,770.00 -0.109%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0 -
R2 0 -
R1 0 -
Price 91,870.00
S1 89,610.00 -2.46%
S2 87,960.00 -4.26%
S3 87,720.00 -4.52%

FAQ

What is the symbol for Hanwha Arirang US Long-Term Credit Bond ETF Stock and on which exchange is it traded?
The symbol for Hanwha Arirang US Long-Term Credit Bond ETF is 332620.KS and it is traded on the KSE (Korea Exchange).

Should I buy or sell Hanwha Arirang US Long-Term Credit Bond ETF Stock?
Hanwha Arirang US Long-Term Credit Bond holds several positive signals and has broken the narrow and horizontal trend up. As the stock is in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

How to buy Hanwha Arirang US Long-Term Credit Bond ETF Stock?
Hanwha Arirang US Long-Term Credit Bond ETF Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Hanwha Arirang US Long-Term Credit Bond ETF Stock.

What's the current price of Hanwha Arirang US Long-Term Credit Bond ETF Stock?
As of the end of day on the Jun 14, 2024, the price of an Hanwha Arirang US Long-Term Credit Bond ETF (332620.KS) share was ₩91,870.00.

What is the 52-week high and low for Hanwha Arirang US Long-Term Credit Bond ETF Stock?
The 52-week high for Hanwha Arirang US Long-Term Credit Bond ETF Stock is ₩97,000.00 and the 52-week low is ₩77,450.00.

What is the market capitalization of Hanwha Arirang US Long-Term Credit Bond ETF Stock?
As of the Jun 14, 2024, the market capitalization of Hanwha Arirang US Long-Term Credit Bond ETF is 309.4M.
Click to get the best stock tips daily for free!