Hyundai Energy Solutions Co.,Ltd Stock Forecast
Green day on Friday for Hyundai Energy Solutions Co.,Ltd
(Updated on May 10, 2024)
The Hyundai Energy Solutions Co.,Ltd stock price gained 0.577% on the last trading day (Friday, 10th May 2024), rising from ₩26,000.00 to ₩26,150.00. 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 3.14% from a day low at ₩25,500.00 to a day high of ₩26,300.00. The price has risen in 6 of the last 10 days and is up by 11.75% over the past 2 weeks. Volume fell on the last day by -68 thousand shares and in total, 171 thousand shares were bought and sold for approximately ₩4.47 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 in the upper part of a wide and weak rising 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 ₩26,950.53 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 3.40% during the next 3 months and, with a 90% probability hold a price between ₩23,504.30 and ₩27,867.24 at the end of this 3-month period.
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322000.KS Signals & Forecast
Mostly positive signals in the chart today. The Hyundai Energy Solutions 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 ₩24,800.00 and ₩24,010.00. 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 13.45%. 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 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.
Support, Risk & Stop-loss for Hyundai Energy Solutions Co.,Ltd stock
Hyundai Energy Solutions Co.,Ltd finds support from accumulated volume at ₩25,350.00 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 ₩800.00 between high and low, or 3.14%. For the last week, the stock has had daily average volatility of 3.63%.
Our recommended stop-loss: ₩25,157.58 (-3.80%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (322000.KS) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Hyundai Energy Solutions Co.,Ltd to open at ₩25,983.33, and during the day (based on 14 day Average True Range), to move between ₩25,143.15 and ₩27,156.85, which gives a possible trading interval of +/-₩1,006.85 (+/-3.85%) up or down from last closing price. If Hyundai Energy Solutions Co.,Ltd takes out the full calculated possible swing range there will be an estimated 7.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩26,650.00 (1.91%) than the support at ₩25,350.00 (3.06%), 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 Energy Solutions Co.,Ltd stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Hyundai Energy Solutions Co.,Ltd stock to perform well in the short-term.
Current score: 4.348 Buy Candidate Unchanged
Predicted Opening Price for Hyundai Energy Solutions Co.,Ltd of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| ₩25,983.33 ( 0.637%) | ₩26,150.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 322000.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 26,783.33 | 2.42 % | |
| R2 | 26,477.73 | 1.25 % | ||
| R1 | 26,288.93 | 0.531 % | ||
| Current price: | 26,150.00 | |||
| Support | S1 | 25,677.73 | -1.81 % | |
| S2 | 25,488.93 | -2.53 % | ||
| S3 | 25,183.33 | -3.70 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 26,650.00 | 1.91 % | ||
| Current price | 26,150.00 | |||
| Support | S1 | 25,350.00 | -3.06% | |
| S2 | 23,500.00 | -10.13% | ||
| S3 | 23,400.00 | -10.52% |
322000 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 25, 2024 | ₩600.00 | 2.58% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩600.00 | 1.19% |
| 3 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩200.00 | 0.512% |
FAQ
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