KB Financial Group Inc Stock Forecast
Green day on Friday for KB Financial Group Inc stock after gaining 2.71%
(Updated on May 03, 2024)
The KB Financial Group Inc stock price gained 2.71% on the last trading day (Friday, 3rd May 2024), rising from $52.68 to $54.11. During the last trading day the stock fluctuated 0.93% from a day low at $53.91 to a day high of $54.41. The price has risen in 6 of the last 10 days and is up by 17.02% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 39 thousand more shares were traded than the day before. In total, 134 thousand shares were bought and sold for approximately $7.27 million.
The stock lies in the middle of a very 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 2.67% during the next 3 months and, with a 90% probability hold a price between $47.21 and $60.55 at the end of this 3-month period.
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KB Signals & Forecast
The KB Financial Group Inc 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 $53.45 and $51.57. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. 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 -1.46%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for KB Financial Group Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $49.73 and $49.34. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, KB Financial Group Inc finds support just below today's level at $49.73. If this is broken, then the next support from accumulated volume will be at $49.34 and $49.01.
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 $0.503 between high and low, or 0.93%. For the last week, the stock has had daily average volatility of 1.20%.
Our recommended stop-loss: $51.92 (-4.05%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (KB) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect KB Financial Group Inc to open at $54.14, and during the day (based on 14 day Average True Range), to move between $52.60 and $55.62, which gives a possible trading interval of +/-$1.51 (+/-2.79%) up or down from last closing price. If KB Financial Group Inc takes out the full calculated possible swing range there will be an estimated 5.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $54.30 (0.35%) than the support at $49.73 (8.09%), 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 KB Financial Group Inc 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 KB Financial Group Inc stock to perform well in the short-term.
Current score: 2.048 Buy Candidate Unchanged
Predicted Opening Price for KB Financial Group Inc of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $54.14 ( 0.0631%) | $54.11 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 54.65 | 0.99 % | |
| R2 | 54.45 | 0.637 % | ||
| R1 | 54.34 | 0.418 % | ||
| Current price: | 54.11 | |||
| Support | S1 | 53.95 | -0.292 % | |
| S2 | 53.83 | -0.511 % | ||
| S3 | 53.64 | -0.87 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 58.09 | 7.36 % | |
| R2 | 55.43 | 2.44 % | ||
| R1 | 54.30 | 0.351 % | ||
| Current price | 54.11 | |||
| Support | S1 | 49.73 | -8.09% | |
| S2 | 49.34 | -8.82% | ||
| S3 | 49.01 | -9.43% |
KB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 27, 2024 | Feb 27, 2024 | Feb 27, 2024 | $1.14 | 2.45% |
| 2 | Sep 01, 2023 | Sep 28, 2023 | Nov 15, 2023 | $0.310 | 0.748% |
| 3 | Jun 14, 2023 | Jun 28, 2023 | Aug 15, 2023 | $0.300 | 0.785% |
| 4 | Mar 03, 2023 | Mar 29, 2023 | May 23, 2023 | $0.300 | 0.80% |
| 5 | Dec 14, 2022 | Dec 29, 2022 | Apr 17, 2023 | $0.91 | 2.48% |
FAQ
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