Hyundai Department Store Co. Ltd. Stock Forecast
Red day on Monday for Hyundai Department Store Co. Ltd. stock after losing 0%
(Updated on May 13, 2024)
No changes to the price of Hyundai Department Store Co. Ltd. stock on the last trading day (Monday, 13th May 2024). During the last trading day the stock fluctuated 1.62% from a day low at ₩49,500.00 to a day high of ₩50,300.00. The price has risen in 4 of the last 10 days but is still down by -1.57% for this period.
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 -4.85% during the next 3 months and, with a 90% probability hold a price between ₩45,801.93 and ₩52,093.65 at the end of this 3-month period.
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069960.KS Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 2.46%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Hyundai Department Store Co. Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ₩51,542.86 and ₩51,158.57. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for Hyundai Department Store Co. Ltd. stock
Hyundai Department Store Co. Ltd. finds support from accumulated volume at ₩49,600.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ₩800.00 (1.62%) between high and low. For the last week, the stock has had daily average volatility of 2.87%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (069960.KS) For The Upcoming Trading Day Of Tuesday 14th
For the upcoming trading day on Tuesday, 14th we expect Hyundai Department Store Co. Ltd. to open at ₩49,933.33, and during the day (based on 14 day Average True Range), to move between ₩48,717.57 and ₩51,282.43, which gives a possible trading interval of +/-₩1,282.43 (+/-2.56%) up or down from last closing price. If Hyundai Department Store Co. Ltd. takes out the full calculated possible swing range there will be an estimated 5.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩49,600.00 (0.80%) than the resistance at ₩51,000.00 (2.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hyundai Department Store Co. Ltd. stock A Buy?
Hyundai Department Store Co. Ltd. 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: -2.801 Sell Candidate Unchanged
Predicted Opening Price for Hyundai Department Store Co. Ltd. of Tuesday, May 14, 2024
| Fair opening price May 14, 2024 | Current price |
|---|---|
| ₩49,933.33 ( 0.133%) | ₩50,000.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 069960.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 50,733.33 | 1.47 % | |
| R2 | 50,427.73 | 0.86 % | ||
| R1 | 50,238.93 | 0.478 % | ||
| Current price: | 50,000.00 | |||
| Support | S1 | 49,627.73 | -0.745 % | |
| S2 | 49,438.93 | -1.12 % | ||
| S3 | 49,133.33 | -1.73 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 52,800.00 | 5.60 % | |
| R2 | 52,600.00 | 5.20 % | ||
| R1 | 51,000.00 | 2.00 % | ||
| Current price | 50,000.00 | |||
| Support | S1 | 49,600.00 | -0.80% | |
| S2 | 49,050.00 | -1.90% | ||
| S3 | 48,800.00 | -2.40% |
069960 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 29, 2024 | ₩1,300.00 | 2.47% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩1,300.00 | 2.13% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩1,100.00 | 1.46% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩1,000.00 | 1.41% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩1,000.00 | 1.22% |
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