Hyundai Mobis Co.,Ltd Stock Forecast
Hyundai Mobis Co.,Ltd stock upgraded to Buy Candidate.
(Updated on Jun 26, 2024)
The Hyundai Mobis Co.,Ltd stock price gained 0.798% on the last trading day (Wednesday, 26th Jun 2024), rising from ₩250,500.00 to ₩252,500.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.63% from a day low at ₩247,000.00 to a day high of ₩253,500.00. The price has risen in 7 of the last 10 days and is up by 14.25% over the past 2 weeks. Volume fell on the last day by -287 thousand shares and in total, 267 thousand shares were bought and sold for approximately ₩67.34 billion. 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.
Given the current short-term trend, the stock is expected to fall -7.35% during the next 3 months and, with a 90% probability hold a price between ₩193,471.66 and ₩233,937.47 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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012330.KS Signals & Forecast
Mostly positive signals in the chart today. The Hyundai Mobis Co.,Ltd 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 ₩242,071.43 and ₩227,757.14. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 31, 2024, and so far it has risen 17.72%. 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.
Support, Risk & Stop-loss for Hyundai Mobis Co.,Ltd stock
Hyundai Mobis Co.,Ltd finds support from accumulated volume at ₩240,500.00 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 ₩6,500.00 between high and low, or 2.63%. For the last week, the stock has had daily average volatility of 3.28%.
The Hyundai Mobis Co.,Ltd stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: ₩245,127.00 (-2.92%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 79 and this increases the risk substantially. There is a buy signal from a pivot bottom found 68 days ago.)
Trading Expectations (012330.KS) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Hyundai Mobis Co.,Ltd to open at ₩251,000.00, and during the day (based on 14 day Average True Range), to move between ₩244,645.79 and ₩260,354.21, which gives a possible trading interval of +/-₩7,854.21 (+/-3.11%) up or down from last closing price. If Hyundai Mobis Co.,Ltd takes out the full calculated possible swing range there will be an estimated 6.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩255,000.00 (0.99%) than the support at ₩240,500.00 (4.75%), 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 Hyundai Mobis Co.,Ltd stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.542 Buy Candidate Upgraded
Predicted Opening Price for Hyundai Mobis Co.,Ltd of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| ₩251,000.00 ( 0.594%) | ₩252,500.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 012330.KS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 257,500.00 | 1.98% |
| R2 | 255,017.00 | 1.00% |
| R1 | 253,483.00 | 0.389% |
| Price | 252,500.00 | |
| S1 | 248,517.00 | -1.58% |
| S2 | 246,983.00 | -2.18% |
| S3 | 244,500.00 | -3.17% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 264,500.00 | 4.75% |
| R2 | 261,500.00 | 3.56% |
| R1 | 255,000.00 | 0.99% |
| Price | 252,500.00 | |
| S1 | 240,500.00 | -4.75% |
| S2 | 238,000.00 | -5.74% |
| S3 | 221,500.00 | -12.28% |
012330 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 22, 2024 | Mar 22, 2024 | Apr 19, 2024 | ₩3,500.00 | 1.49% |
| 2 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | ₩1,000.00 | 0.442% |
| 3 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩3,000.00 | 1.45% |
| 4 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | ₩1,000.00 | 0.503% |
| 5 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩3,000.00 | 1.15% |
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