Hyundai Motor Company Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Hyundai Motor Company stock price ended at $59.13 on Monday, after losing 0%.
(Updated on Jun 24, 2024)
No changes to the price of Hyundai Motor Company stock on the last trading day (Monday, 24th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $59.13 to a day high of $59.13. The price has been going up and down for this period, and there has been a 5.97% gain for the last 2 weeks.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.44% during the next 3 months and, with a 90% probability hold a price between $58.87 and $66.51 at the end of this 3-month period.
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HYMTF Signals & Forecast
The Hyundai Motor Company 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 $59.41. On a fall, the stock will find some support from the long-term average at approximately $57.41. 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 Thursday, June 20, 2024, and so far it has fallen -1.29%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Hyundai Motor Company stock
Hyundai Motor Company finds support from accumulated volume at $56.38 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: $56.67 (-4.16%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (HYMTF) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Hyundai Motor Company to open at $59.13, and during the day (based on 14 day Average True Range), to move between $58.33 and $59.93, which gives a possible trading interval of +/-$0.795 (+/-1.34%) up or down from last closing price. If Hyundai Motor Company takes out the full calculated possible swing range there will be an estimated 2.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $59.35 (0.37%) than the support at $56.38 (4.65%), 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 Motor Company stock A Buy?
Hyundai Motor Company 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: -0.795 Hold/Accumulate Unchanged
Predicted Opening Price for Hyundai Motor Company of Tuesday, June 25, 2024
Fair opening price June 25, 2024 | Current price |
---|---|
$59.13 ( 0%) | $59.13 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HYMTF
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 59.13 | - |
R2 | 59.13 | - |
R1 | 59.13 | - |
Price | 59.13 | |
S1 | 59.13 | - |
S2 | 59.13 | - |
S3 | 59.13 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 60.45 | 2.23% |
R2 | 59.75 | 1.05% |
R1 | 59.35 | 0.372% |
Price | 59.13 | |
S1 | 56.38 | -4.65% |
S2 | 53.63 | -9.30% |
S3 | 51.62 | -12.70% |
HYMTF Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 27, 2024 | Mar 27, 2024 | May 21, 2024 | $0.729 | 1.25% |
2 | Feb 28, 2024 | Feb 28, 2024 | Apr 01, 2024 | $3.18 | 5.50% |
3 | Sep 28, 2023 | Sep 28, 2023 | Nov 21, 2023 | $0.566 | 1.35% |
4 | Jun 29, 2023 | Jun 29, 2023 | Aug 21, 2023 | $0.563 | 1.50% |
5 | Dec 30, 2021 | Dec 30, 2021 | Apr 29, 2022 | $1.62 | 4.50% |
FAQ
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