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HYUNDAI MOTOR

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005380 trade ideas

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.
KRX:005385Long
by neeraj_2_sharma
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.
KRX:005380Long
by UniqueCharts
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
HLong
by CRV_Trader
NEW APPLE ELECTRIC VEHICLE with HYUNDAI PARTNERSHIPWas having a bit of a read around the web on the news of Apple looking to build a car potentially with Hyundai and wondered what the impact on their share price would be. Here's your answer... It would be interesting to see if Apple just comes out with another electric car concept or whether they can do something truly transformative. Apple is incredibly cashed up and when they do make a run at the car market, they wont be doing it to become second or third...
OTC:HYMTFLong
by zAngus
4
Hyundai and Kia Allocates $760 Million Over Engine Fire MattersOn Friday, Hyundai Motor Co and partner Kia Motors Corp have held in reserve a total of 900 billion won ($757.86 million). This move aims to settle the U.S. class action hearing. Moreover, to address engine-related matters in the United States and South Korea. According to Hyundai Motor and Kia Motors, they will reproduce about 600 billion won. This decision has something to do with engine problems in July to September. Meanwhile, affiliate Kia Motors has laid by about 300 billion won. In a statement, the automakers stated the latest settlement offers the installation of a software update to lift safety. The clearing is together with the performance, cash compensation options, lifetime warranties, free inspection, and repair of the covered engines. Hyundai and Kia models have equipped a total of 4.17 million. In the meantime, as the U.S. settlement will be ongoing, the Theta II gasoline direct injection (GDI) engines will be affected. Automakers Recall Addressing Possibility of Engine Fires The two giant brands, together with the world’s fifth-biggest automaker by sales, has prompted nearly 1.7 million vehicles in the United States. The recall is to remind automakers to address the possibility of engine fires. Now, the U.S. safety regulator is inspecting whether the recalls protected enough vehicles and came into effect promptly. The examination comes after Kim Gwang-ho, then an engineer at Hyundai, flew to Washington in 2016. Moreover, the travel was to tell the National Highway Traffic Safety Administration to companies recall more vehicles over the problem, citing an internal report. In November, a news report indicated that the U.S. federal prosecutors had launched a criminal investigation. The investigation is to see if the recalls had been conducted properly. Hyundai and Kia stated they anticipated the U.S. District Court for the Central District of California to evaluate the proposed settlement. The reimbursement is for the preliminary approval before the end of October.
KRX:005380
by Financebroker
Hyundai Workers on Lowest BonusesThe unionized workers of Hyundai Motor Co. in South Korea on Monday voted to accept the lowest bonus given in almost two decades. And this was due to the widespread restructuring in the auto industry and the harmful trade war with Japan. On Tuesday, Hyundai announced the approval. And the firm successfully avoided a walkout by workers for the very first time in eight years. Aside from that, in all but four years since the creation of union in 1987, South Korean workers of Hyundai have staged strikes. As a result, it had drawn media and public criticism for threatening to walk out even though they have a relatively high annual wage of 92 million won or $75,866, on average as of 2018. And this does not yet include benefits and job security. In addition to that, the deal happened at the same time with tightened export curbs by Japan’s warning to damage Asia’s fourth-biggest economy. And this weighs on the auto industry who’s already struggling with production cuts. Also, it was facing job losses due to a slowdown in exports to the United States, Europe, and other countries. Hyundai and Other Automakers Meanwhile, U.S. automaker General Motors Co. closed one of its South Korean factories and reduced headcounts last year. And also, Renault’s South Korean unit is preparing for possible production cuts. Then, South Korea accounts for 37% of Hyundai Motor’s total production as of last year. And the automaker reduced its exposure to domestic production in favor of overseas output. Moreover, other automakers are bracing for intense annual wage negotiations. And this year, GM wants to freeze a base wage for two consecutive years. But South Korean union opposed to this plan saying it could cause a full strike this month. Also, Renault Samsung plans to cut production starting next month.
KRX:005380
by Financebroker