Hyundai motors to witness new highs in 2024?The South Korean multinational automotive manufacturer, Hyundai Motors was ranked world's third-largest carmaker in 2022 in terms of production.
Hyundai motor group(which includes Genesis and Kia brands) has grown massively during the last decade surpassing giants like General motors, Nissan, Ford and Stellantis (in terms of annual sales volumes). At this point only Toyota and Volkswagen are ahead of this Korean giant slayer.
This growth can be seen on the stock chart of the company as well. The stock set out a new impulse wave in Jan. 2023 that completed in May 2023.The stock then completed a Zig zag(Elliot wave) correction between may-Aug hardly retracing even 38.2% of the rise(remember shallow retracements are a reflection of strength and bullish sentiment).
Standing currently near the 107k South Korean won(KRW) the auto maker has a potential of reaching the 150K KRW in 2024.
on the downside the 102K is the crucial support for the stock.
Note*- This chart is for educational purpose only.
Hyundai
Amazon To Sell Hyundai Vehicles OnlineAmazon will begin selling Hyundai vehicles online in the U.S. starting next year, the two companies said on Thursday.
Customers will be able to shop for, equip and buy a car at Amazon.com and schedule delivery through a local Hyundai dealer, the companies said.
The agreement is an expansion of a deal announced two years ago to expand Hyundai's digital showroom on Amazon.com, enabling customers to configure a vehicle, calculate the price and locate a dealer to complete the sale.
Hyundai set up its first digital showroom on Amazon in 2018. The new agreement also will enable buyers of new Hyundai vehicles in 2025 to access Amazon's Alexa voice assistant from their cars.
Hyundai has selected AWS as its preferred cloud provider to accelerate its digital transformation using broad and industry-leading AWS capabilities—from compute, storage, database, and analytics to generative AI and Internet of Things (IoT). As part of a new multiyear agreement, Hyundai will become a more data-driven organization with a cloud-first technology strategy, migrating its current on-premises applications—which support everything across research, product engineering, and customer engagement—to AWS. Hyundai will prioritize business cases like manufacturing and supply chain to help optimize production and minimize costs, security and disaster recovery for resiliency, and connected vehicle development to bring new features to drivers around the globe. AWS and Hyundai have designed and implemented a Master Builder training and certification program to train Hyundai engineers in critical cloud skills.
Technical Analysis
AMZN is trading near the top of its 52-week range and above its 200-day simple moving average.
What does this mean?
Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.
Hyundai Mobis - Rounding BottomCompany: Hyundai Mobis
Ticker: 012330
Exchange: Korea Exchange (KRX)
Index: KOSPI 100
Region: South Korea
Introduction:
Greetings to all. In today's technical analysis, we're focusing on Hyundai Mobis, a constituent of the KOSPI 100. The company's weekly chart reveals a compelling potential long position setup, featuring a clear rounding bottom pattern.
Rounding Bottom Pattern:
The rounding bottom pattern is a long-term reversal pattern that is typically bullish. It signifies a gradual transition from a bearish trend to a bullish one.
Analysis:
Hyundai Mobis had been in a clear downward trend, as evidenced by the blue diagonal resistance line. A beautiful rounding bottom pattern has since formed during the consolidation phase. The horizontal neckline of this pattern is at 231500 KRW, coinciding almost exactly with the position of the EMA 200, underscoring the significance of this resistance level.
Should we witness a breakout above this defined zone, it could signal an opportune moment to initiate a long position. The price target, assuming a successful breakout, would be set at 273000 KRW, corresponding to a potential price increase of approximately 18%.
Please note, it's crucial to wait for a weekly candle to close above this resistance before entering this position. At present, Hyundai Mobis should be considered a high-priority watchlist candidate.
Conclusion:
The weekly chart of Hyundai Mobis presents an appealing scenario, with a rounding bottom pattern potentially indicating a bullish reversal. A breakout above the well-defined resistance could provide an opportunity for a long position.
As always, please bear in mind that this analysis does not constitute financial advice. Conduct your own research and implement risk management strategies when investing.
If you found this analysis insightful, please like, share, and follow for more updates. Happy trading!
Best regards,
Karim Subhieh
HYUNDAI IS ALREADY CARRYING LNG, DO YOU KNOW ⁉️Ranks analytical crew welcomes everyone!
Today we will analyze the shares of a curious subsidiary of the automaker Hyundai from South Korea.
Hyundai Glovis Co Ltd (#GLOVS) – Ranks score - 94 %
The company operates in 3 sectors:
🔘 Logistics (auto parts and industrial goods)
🔘 Ocean cargo transportation (auto and industrial goods)
🔘 Distribution (used cars and metals)
Future businesses that the company plans to develop:
🔘 Smart logistics (using the Internet of Things)
🔘 Hydrogen business (logistics of hydrogen transportation)
🔘 Used electric car batteries (transportation and processing)
Why is it interesting to Ranks analysts ❓
🥇 The company is a major logistics operator of international cargo terminals + participates in the supply of liquefied natural gas (LNG)
🥈 The company has an outstanding financial position + it pays dividends
🥉 Valuation multipliers are very attractive + 94% of analysts recommend buying
What are the risks ❓
❌ The company reported worse than expected earnings in the 3rd quarter
❌ Global fuel cost growth limits profitability
ADN most undervalued fuel cell and hydrogen technology play !Today i`ll share with you one of my private signals.
ADN Advent Technologies Holdings an innovation-driven leader in the fuel cell and hydrogen technology sectors has signed a technology assessment, sales, and development agreement with Hyundai Motor Company.
Remember last year`s rumor that Hyundai-Kia were close to finalize a deal to build the autonomous Apple car?
What if the deal is finalized and ADN`s fuel cell and hydrogen technology is in the Apple car????
This can be an easy 10X stock.
Last year The Goldman Sachs Group had a price target of $20.00 for ADN!
Looking forward to read your opinion about it.
HYUNDAI with exceptional long setupThe chart of Hyuandai presents itself very strong with a freshly activated long signal.
The Weber Trend Suite provided a perfect support line (green horizontal). Additionally the chart formed a bullish divergence to the RSI. After the first leg up, the price consolidated in a bull flag and now we see the breakout.
The conservative trade has a CRV of 3 (target old all time high).
The more aggressive trade has a CRV of 9 (!) with the old all time high as a target.
55 % chance - HYUNDAI share price analysisHello everyone,
Today I am taking a look at the Hyundai chart.
The situation is not acute at the moment, but for the watchlist.
- Hyundai was able to overcome important resistances with the last rally.
- I expect a further positive development in the medium term.
- The share price is currently in a correction
- For a possible entry, the price still has to fall by approx. 25%.
The plan
- Entry at the golden pocket of the last rally
- Support is provided by the MA200
- The buy zone is extended by the horizontal support of the horizontal support zone
- The possible entry seems almost too good to be true. However, if the corresponding zone is not approached, I will not open a position here.
Buy zone: 31.8 - 29.4 points
Target zone: 49 points
With this in mind,
Good luck & Keep it simple!
Max
Automobile manufacturing business is sufferingMajor automobile manufacturers including Maruti Suzuki India, Hyundai, Mahindra & Mahindra, Tata Motors and Honda on Sunday reported a high double-digit decline in their sales in August as the Indian auto sector continued to reel under one of the worst slowdowns in its history.
It looks like there is no reason for the reversal yet...