Hyundai Construction Equipment Co., Ltd. Stock Forecast
Hyundai Construction Equipment Co., Ltd. stock price up 0.545% on Thursday
(Updated on May 02, 2024)
The Hyundai Construction Equipment Co., Ltd. stock price gained 0.545% on the last trading day (Thursday, 2nd May 2024), rising from ₩55,000.00 to ₩55,300.00. It has now gained 4 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 2.39% from a day low at ₩54,500.00 to a day high of ₩55,800.00. The price has risen in 8 of the last 10 days and is up by 11.27% over the past 2 weeks. Volume fell on the last day by -74 thousand shares and in total, 89 thousand shares were bought and sold for approximately ₩4.90 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 is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Hyundai Construction Equipment Co., Ltd. stock with a 90% probability to be traded between ₩49,469.84 and ₩58,491.98 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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267270.KS Signals & Forecast
The Hyundai Construction Equipment Co., Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ₩53,700.00 and ₩55,051.43. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 11.27%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Hyundai Construction Equipment Co., Ltd. stock
Hyundai Construction Equipment Co., Ltd. finds support from accumulated volume at ₩55,200.00 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 ₩1,300.00 between high and low, or 2.39%. For the last week, the stock has had daily average volatility of 2.44%.
Our recommended stop-loss: ₩53,331.32 (-3.56%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (267270.KS) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Hyundai Construction Equipment Co., Ltd. to open at ₩55,200.00, and during the day (based on 14 day Average True Range), to move between ₩53,426.51 and ₩57,173.49, which gives a possible trading interval of +/-₩1,873.49 (+/-3.39%) up or down from last closing price. If Hyundai Construction Equipment Co., Ltd. takes out the full calculated possible swing range there will be an estimated 6.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩55,200.00 (0.18%) than the resistance at ₩55,800.00 (0.90%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Hyundai Construction Equipment Co., Ltd. will release earnings BMO on Tuesday, May 07, 2024.The consensus among the analysts for the expected earnings (EPS) is $1,931.67. We will update the financials statements for Hyundai Construction Equipment Co., Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.81% in the first trading day after earnings release.
Is Hyundai Construction Equipment Co., Ltd. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Hyundai Construction Equipment Co., Ltd. stock to perform well in the short-term period.
Current score: 2.186 Buy Candidate Unchanged
Predicted Opening Price for Hyundai Construction Equipment Co., Ltd. of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| ₩55,200.00 ( 0.181%) | ₩55,300.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 267270.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 56,500.00 | 2.17 % | |
| R2 | 56,003.40 | 1.27 % | ||
| R1 | 55,696.60 | 0.717 % | ||
| Current price: | 55,300.00 | |||
| Support | S1 | 54,703.40 | -1.08 % | |
| S2 | 54,396.60 | -1.63 % | ||
| S3 | 53,900.00 | -2.53 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 56,900.00 | 2.89 % | |
| R2 | 56,700.00 | 2.53 % | ||
| R1 | 55,800.00 | 0.90 % | ||
| Current price | 55,300.00 | |||
| Support | S1 | 55,200.00 | -0.181% | |
| S2 | 54,900.00 | -0.723% | ||
| S3 | 53,000.00 | -4.16% |
267270 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 22, 2024 | ₩1,750.00 | 3.38% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩1,750.00 | 2.71% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩1,200.00 | 2.91% |
| 4 | Dec 27, 2018 | Dec 27, 2018 | Dec 27, 2018 | ₩850.00 | 2.03% |
FAQ
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