HPSP Co., Ltd. Stock Forecast
Green day on Tuesday for HPSP Co., Ltd. stock after gaining 1.44%
(Updated on May 21, 2024)
The HPSP Co., Ltd. stock price gained 1.44% on the last trading day (Tuesday, 21st May 2024), rising from ₩41,800.00 to ₩42,400.00. It has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 4.57% from a day low at ₩41,550.00 to a day high of ₩43,450.00. The price has risen in 8 of the last 10 days and is up by 10.85% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 423 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately ₩92.89 billion.
Given the current short-term trend, the stock is expected to fall -32.97% during the next 3 months and, with a 90% probability hold a price between ₩22,719.86 and ₩28,422.47 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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403870.KQ Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, May 10, 2024, and so far it has risen 17.61%. 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 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 HPSP 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 ₩42,851.43. On a fall, the stock will find some support from the short-term average at ₩39,478.57. 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.
Support, Risk & Stop-loss for HPSP Co., Ltd. stock
HPSP Co., Ltd. finds support from accumulated volume at ₩41,250.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₩1,900.00 between high and low, or 4.57%. For the last week, the stock has had daily average volatility of 6.21%.
Since the HPSP Co., Ltd. has been rising for 6 days in a row, the risk over the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.
Our recommended stop-loss: ₩40,814.24 (-3.74%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 50 days ago.)
Trading Expectations (403870.KQ) For The Upcoming Trading Day Of Wednesday 22nd
For the upcoming trading day on Wednesday, 22nd we expect HPSP Co., Ltd. to open at ₩42,466.67, and during the day (based on 14 day Average True Range), to move between ₩40,082.65 and ₩44,717.35, which gives a possible trading interval of +/-₩2,317.35 (+/-5.47%) up or down from last closing price. If HPSP Co., Ltd. takes out the full calculated possible swing range there will be an estimated 10.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩42,950.00 (1.30%) than the support at ₩41,250.00 (2.71%), 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 HPSP Co., Ltd. stock A Buy?
HPSP Co., Ltd. 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: -0.575 Hold/Accumulate Unchanged
Predicted Opening Price for HPSP Co., Ltd. of Wednesday, May 22, 2024
| Fair opening price May 22, 2024 | Current price |
|---|---|
| ₩42,466.67 ( 0.157%) | ₩42,400.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 403870.KQ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 44,366.67 | 4.64 % | |
| R2 | 43,640.87 | 2.93 % | ||
| R1 | 43,192.47 | 1.87 % | ||
| Current price: | 42,400.00 | |||
| Support | S1 | 41,740.87 | -1.55 % | |
| S2 | 41,292.47 | -2.61 % | ||
| S3 | 40,566.67 | -4.32 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 52,200.00 | 23.11 % | |
| R2 | 51,500.00 | 21.46 % | ||
| R1 | 42,950.00 | 1.30 % | ||
| Current price | 42,400.00 | |||
| Support | S1 | 41,250.00 | -2.71% | |
| S2 | 41,200.00 | -2.83% | ||
| S3 | 41,000.00 | -3.30% |
403870 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Dec 27, 2023 | ₩37.50 | 0.0808% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩150.00 | 1.07% |
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