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AI Analysis of 003620.KS
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Ssangyong Motor Company stock price up 0.370% on Monday
(Updated on Jun 03, 2024)

Sell candidate since May 28, 2024 Loss -2.87% PDF

The Ssangyong Motor Company stock price gained 0.370% on the last trading day (Monday, 3rd Jun 2024), rising from ₩5,400.00 to ₩5,420.00. During the last trading day the stock fluctuated 2.23% from a day low at ₩5,370.00 to a day high of ₩5,490.00. The price has fallen in 6 of the last 10 days and is down by -6.07% for this period. Volume fell on the last day by -179 thousand shares and in total, 177 thousand shares were bought and sold for approximately ₩957.41 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 lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -31.16% during the next 3 months and, with a 90% probability hold a price between ₩3,446.35 and ₩3,930.53 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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003620.KS Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 2.07%. 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. The Ssangyong Motor Company stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₩5,472.86 and ₩5,829.43. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Ssangyong Motor Company stock

Ssangyong Motor Company finds support from accumulated volume at ₩5,400.00 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 ₩120.00 between high and low, or 2.23%. For the last week, the stock has had daily average volatility of 2.69%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (003620.KS) For The Upcoming Trading Day Of Tuesday 4th

For the upcoming trading day on Tuesday, 4th we expect Ssangyong Motor Company to open at ₩5,426.67, and during the day (based on 14 day Average True Range), to move between ₩5,260.34 and ₩5,579.66, which gives a possible trading interval of +/-₩159.66 (+/-2.95%) up or down from last closing price. If Ssangyong Motor Company takes out the full calculated possible swing range there will be an estimated 5.89% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₩5,400.00 (0.37%) than the resistance at ₩6,020.00 (11.07%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Ssangyong Motor Company stock A Buy?

Ssangyong Motor Company holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -2.682 Sell Candidate Unchanged

Predicted Opening Price for Ssangyong Motor Company of Tuesday, June 4, 2024

Fair opening price June 4, 2024 Current price
₩5,426.67 ( 0.123%) ₩5,420.00

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

Trading levels for 003620.KS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 5,546.67 2.34 %
R2 5,500.83 1.49 %
R1 5,472.51 0.97 %
Current price: 5,420.00
Support S1 5,380.83 -0.723 %
S2 5,352.51 -1.25 %
S3 5,306.67 -2.09 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 6,610.00 21.96 %
R2 6,380.00 17.71 %
R1 6,020.00 11.07 %
Current price 5,420.00
Support S1 5,400.00 -0.369%
S2 5,310.00 -2.03%
S3 0 .

FAQ

What is the symbol for Ssangyong Motor Company Stock and on which exchange is it traded?
The symbol for Ssangyong Motor Company is 003620.KS and it is traded on the KSE (Korea Exchange).

Should I buy or sell Ssangyong Motor Company Stock?
Ssangyong Motor Company holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

How to buy Ssangyong Motor Company Stock?
Ssangyong Motor Company Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Ssangyong Motor Company Stock.

What's the current price of Ssangyong Motor Company Stock?
As of the end of day on the Jun 03, 2024, the price of an Ssangyong Motor Company (003620.KS) share was ₩5,420.00.

What is the 52-week high and low for Ssangyong Motor Company Stock?
The 52-week high for Ssangyong Motor Company Stock is ₩9,900.00 and the 52-week low is ₩5,260.00.

What is the market capitalization of Ssangyong Motor Company Stock?
As of the Jun 03, 2024, the market capitalization of Ssangyong Motor Company is 1.058T.

When is the next earnings date for Ssangyong Motor Company?
The upcoming earnings date for Ssangyong Motor Company is Jul 31, 2024.
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