Hyundai Autoever Corporation Stock Forecast
Evaluation of Hyundai Autoever Corporation stock downgraded after the last trading session.
(Updated on May 09, 2024)
The Hyundai Autoever Corporation stock price fell by -2.75% on the last day (Thursday, 9th May 2024) from ₩152,700.00 to ₩148,500.00. During the last trading day the stock fluctuated 2.83% from a day low at ₩148,300.00 to a day high of ₩152,500.00. The price has been going up and down for this period, and there has been a 5.92% gain for the last 2 weeks. Volume has increased on the last day by 76 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 155 thousand shares were bought and sold for approximately ₩22.96 billion.
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 -2.50% during the next 3 months and, with a 90% probability hold a price between ₩131,771.17 and ₩156,952.68 at the end of this 3-month period.
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307950.KS Signals & Forecast
The Hyundai Autoever Corporation stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₩153,528.57. On a fall, the stock will find some support from the long-term average at approximately ₩147,651.43. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -7.99%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Hyundai Autoever Corporation stock
Hyundai Autoever Corporation finds support from accumulated volume at ₩147,300.00 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 ₩4,200.00 between high and low, or 2.83%. For the last week, the stock has had daily average volatility of 3.46%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (307950.KS) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Hyundai Autoever Corporation to open at ₩149,766.67, and during the day (based on 14 day Average True Range), to move between ₩142,339.65 and ₩154,660.35, which gives a possible trading interval of +/-₩6,160.35 (+/-4.15%) up or down from last closing price. If Hyundai Autoever Corporation takes out the full calculated possible swing range there will be an estimated 8.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩147,300.00 (0.81%) than the resistance at ₩154,000.00 (3.70%), 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 Autoever Corporation will release earnings BMO on Monday, May 13, 2024.The consensus among the analysts for the expected earnings (EPS) is $1,339.00. We will update the financials statements for Hyundai Autoever Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.77% in the first trading day after earnings release.
Is Hyundai Autoever Corporation stock A Buy?
Hyundai Autoever Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.025 Sell Candidate Downgraded
Predicted Opening Price for Hyundai Autoever Corporation of Friday, May 10, 2024
Fair opening price May 10, 2024 | Current price |
---|---|
₩149,766.67 ( 0.85%) | ₩148,500.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 307950.KS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 153,966.67 | 3.68 % | |
R2 | 152,362.27 | 2.60 % | ||
R1 | 151,371.07 | 1.93 % | ||
Current price: | 148,500.00 | |||
Support | S1 | 148,162.27 | -0.227 % | |
S2 | 147,171.07 | -0.89 % | ||
S3 | 145,566.67 | -1.98 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 161,400.00 | 8.69 % | |
R2 | 154,200.00 | 3.84 % | ||
R1 | 154,000.00 | 3.70 % | ||
Current price | 148,500.00 | |||
Support | S1 | 147,300.00 | -0.81% | |
S2 | 146,300.00 | -1.48% | ||
S3 | 136,300.00 | -8.22% |
307950 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 29, 2024 | Mar 29, 2024 | Apr 01, 2024 | ₩1,430.00 | 0.98% |
2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩1,140.00 | 1.14% |
3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩700.00 | 0.500% |
4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩750.00 | 0.644% |
5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩710.00 | 1.41% |
FAQ
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