Hana 33 Spac Stock Forecast
Stronger technical forecast for Hana 33 Spac stock price after Friday trading.
(Updated on Jun 28, 2024)
The Hana 33 Spac stock price gained 0.94% on the last trading day (Friday, 28th Jun 2024), rising from ₩2,125.00 to ₩2,145.00. During the last trading day the stock fluctuated 1.42% from a day low at ₩2,115.00 to a day high of ₩2,145.00. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks. Volume fell on the last day by -52 thousand shares and in total, 9 thousand shares were bought and sold for approximately ₩18.95 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 stockis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at ₩2,148.73 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Hana 33 Spac stock with a 90% probability to be traded between ₩2,134.27 and ₩2,157.72 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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475250.KQ Signals & Forecast
The Hana 33 Spac 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 ₩2,135.71 and ₩2,134.20. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 0.94%. Further rise is indicated until a new top pivot has been found. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Hana 33 Spac stock
Hana 33 Spac finds support from accumulated volume at ₩2,140.00 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 ₩30.00 between high and low, or 1.42%. For the last week the stock has had daily average volatility of 1.13%.
Our recommended stop-loss: ₩1,975.59 (-7.90%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (475250.KQ) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Hana 33 Spac to open at ₩2,135.00, and during the day (based on 14 day Average True Range), to move between ₩2,127.87 and ₩2,162.13, which gives a possible trading interval of +/-₩17.13 (+/-0.80%) up or down from last closing price. If Hana 33 Spac takes out the full calculated possible swing range there will be an estimated 1.60% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₩2,140.00, some ₩5.00 (0.23%) from the current price of ₩2,145.00, our system finds the risk reward attractive.
Is Hana 33 Spac stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Hana 33 Spac stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 3.170 Buy Candidate Upgraded
Predicted Opening Price for Hana 33 Spac of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ₩2,135.00 ( 0.466%) | ₩2,145.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 475250.KQ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,165.00 | 0.93% |
| R2 | 2,153.54 | 0.398% |
| R1 | 2,146.46 | 0.0681% |
| Price | 2,145.00 | |
| S1 | 2,123.54 | -1.00% |
| S2 | 2,116.46 | -1.33% |
| S3 | 2,105.00 | -1.86% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 2,145.00 | |
| S1 | 2,140.00 | -0.233% |
| S2 | 2,135.00 | -0.466% |
| S3 | 2,125.00 | -0.93% |
FAQ
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