Hyundai Glovis Co., Ltd. Stock Forecast
A very strong day for Hyundai Glovis Co., Ltd. stock price on Tuesday
(Updated on Jun 18, 2024)
The Hyundai Glovis Co., Ltd. stock price gained 6.58% on the last trading day (Tuesday, 18th Jun 2024), rising from ₩190,000.00 to ₩202,500.00. 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 7.88% from a day low at ₩189,100.00 to a day high of ₩204,000.00. The price has been going up and down for this period, and there has been a 7.66% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 255 thousand more shares were traded than the day before. In total, 392 thousand shares were bought and sold for approximately ₩79.35 billion.
The stock has broken the weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at ₩194,858.12, a level that may pose a second chance to hit a runner. According to fan-theory ₩212,038.87 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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086280.KS Signals & Forecast
The Hyundai Glovis 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 ₩187,014.29 and ₩185,088.57. 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 12.81%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Hyundai Glovis Co., Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at ₩189,000.00 and ₩188,100.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Hyundai Glovis Co., Ltd. finds support just below today's level at ₩189,000.00. If this is broken, then the next support from accumulated volume will be at ₩188,100.00 and ₩184,000.00.
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 ₩14,900.00 between high and low, or 7.88%. For the last week the stock has had daily average volatility of 5.60%.
Our recommended stop-loss: ₩191,638.44 (-5.36%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 21 days ago.)
Trading Expectations (086280.KS) For The Upcoming Trading Day Of Wednesday 19th
For the upcoming trading day on Wednesday, 19th we expect Hyundai Glovis Co., Ltd. to open at ₩198,533.33, and during the day (based on 14 day Average True Range), to move between ₩196,187.48 and ₩208,812.52, which gives a possible trading interval of +/-₩6,312.52 (+/-3.12%) up or down from last closing price. If Hyundai Glovis Co., Ltd. takes out the full calculated possible swing range there will be an estimated 6.23% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₩189,000.00, some ₩13,500.00 (6.67%) from the current price of ₩202,500.00, our system finds the risk reward attractive.
Is Hyundai Glovis Co., Ltd. stock A Buy?
Hyundai Glovis 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: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Hyundai Glovis Co., Ltd. of Wednesday, June 19, 2024
| Fair opening price June 19, 2024 | Current price |
|---|---|
| ₩198,533.33 ( 1.96%) | ₩202,500.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 086280.KS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 213,433.33 | 5.40% |
| R2 | 207,741.53 | 2.59% |
| R1 | 204,225.13 | 0.85% |
| Price | 202,500.00 | |
| S1 | 192,841.53 | -4.77% |
| S2 | 189,325.13 | -6.51% |
| S3 | 183,633.33 | -9.32% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 202,500.00 | |
| S1 | 189,000.00 | -6.67% |
| S2 | 188,100.00 | -7.11% |
| S3 | 184,000.00 | -9.14% |
086280 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Apr 01, 2024 | ₩6,300.00 | 3.60% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩5,700.00 | 3.37% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩3,800.00 | 2.21% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩3,500.00 | 1.96% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩3,500.00 | 2.42% |
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