Hyundai Mobis Co.,Ltd Stock Forecast
Hyundai Mobis Co.,Ltd stock price up 0.399% on Friday
(Updated on Jun 28, 2024)
The Hyundai Mobis Co.,Ltd stock price gained 0.399% on the last trading day (Friday, 28th Jun 2024), rising from ₩250,500.00 to ₩251,500.00. During the last trading day the stock fluctuated 3.62% from a day low at ₩248,500.00 to a day high of ₩257,500.00. The price has risen in 6 of the last 10 days and is up by 5.67% over the past 2 weeks. Volume fell on the last day by -16 thousand shares and in total, 286 thousand shares were bought and sold for approximately ₩71.94 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.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at ₩252,135.59 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -4.16% during the next 3 months and, with a 90% probability hold a price between ₩202,267.99 and ₩241,657.59 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
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 ₩245,571.43 and ₩228,942.86. A breakdown below any of these levels will issue sell signals. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, June 26, 2024, and so far it has fallen -0.396%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Hyundai Mobis Co.,Ltd stock
Hyundai Mobis Co.,Ltd finds support from accumulated volume at ₩250,500.00 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 ₩9,000.00 between high and low, or 3.62%. For the last week, the stock has had daily average volatility of 3.54%.
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: ₩244,085.98 (-2.95%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 78 and this increases the risk substantially. There is a sell signal from a pivot top found 19 days ago.)
Trading Expectations (012330.KS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Hyundai Mobis Co.,Ltd to open at ₩252,500.00, and during the day (based on 14 day Average True Range), to move between ₩243,647.30 and ₩259,352.70, which gives a possible trading interval of +/-₩7,852.70 (+/-3.12%) 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 6.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩252,500.00 (0.40%) than the support at ₩250,500.00 (0.40%), 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?
Hyundai Mobis 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: 0.003 Hold/Accumulate Unchanged
Predicted Opening Price for Hyundai Mobis Co.,Ltd of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ₩252,500.00 ( 0.398%) | ₩251,500.00 |
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 | 261,500.00 | 3.98% |
| R2 | 258,062.00 | 2.61% |
| R1 | 255,938.00 | 1.76% |
| Price | 251,500.00 | |
| S1 | 249,062.00 | -0.97% |
| S2 | 246,938.00 | -1.81% |
| S3 | 243,500.00 | -3.18% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 255,000.00 | 1.39% |
| R1 | 252,500.00 | 0.398% |
| Price | 251,500.00 | |
| S1 | 250,500.00 | -0.398% |
| S2 | 238,000.00 | -5.37% |
| S3 | 221,500.00 | -11.93% |
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% |
FAQ
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