Kia Corporation Stock Forecast
Red day on Thursday for Kia Corporation stock after losing 3.71%
(Updated on May 09, 2024)
The Kia Corporation stock price fell by -3.71% on the last day (Thursday, 9th May 2024) from ₩116,000.00 to ₩111,700.00. During the last trading day the stock fluctuated 4.68% from a day low at ₩111,200.00 to a day high of ₩116,400.00. The price has risen in 7 of the last 10 days but is still down by -3.62% for this period. Volume has increased on the last day by 1 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately ₩223.72 billion.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -6.17% during the next 3 months and, with a 90% probability hold a price between ₩92,599.02 and ₩111,708.18 at the end of this 3-month period.
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000270.KS Signals & Forecast
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. The Kia Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ₩116,171.43 and ₩112,857.14. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 02, 2024, and so far it has fallen -6.61%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Kia Corporation stock
Kia Corporation finds support from accumulated volume at ₩108,500.00 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 ₩5,200.00 between high and low, or 4.68%. For the last week, the stock has had daily average volatility of 3.45%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (000270.KS) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Kia Corporation to open at ₩113,100.00, and during the day (based on 14 day Average True Range), to move between ₩107,463.77 and ₩115,936.23, which gives a possible trading interval of +/-₩4,236.23 (+/-3.79%) up or down from last closing price. If Kia Corporation takes out the full calculated possible swing range there will be an estimated 7.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩114,600.00 (2.60%) than the support at ₩108,500.00 (2.86%), 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 Kia Corporation stock A Buy?
Kia Corporation holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -4.224 Sell Candidate Unchanged
Predicted Opening Price for Kia Corporation of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| ₩113,100.00 ( 1.25%) | ₩111,700.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000270.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 118,300.00 | 5.91 % | |
| R2 | 116,313.60 | 4.13 % | ||
| R1 | 115,086.40 | 3.03 % | ||
| Current price: | 111,700.00 | |||
| Support | S1 | 111,113.60 | -0.525 % | |
| S2 | 109,886.40 | -1.62 % | ||
| S3 | 107,900.00 | -3.40 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 124,500.00 | 11.46 % | |
| R2 | 115,700.00 | 3.58 % | ||
| R1 | 114,600.00 | 2.60 % | ||
| Current price | 111,700.00 | |||
| Support | S1 | 108,500.00 | -2.86% | |
| S2 | 106,700.00 | -4.48% | ||
| S3 | 104,700.00 | -6.27% |
000270 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 19, 2024 | Mar 19, 2024 | Apr 01, 2024 | ₩5,600.00 | 5.15% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩3,500.00 | 5.75% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩3,000.00 | 3.60% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩1,000.00 | 1.61% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩1,150.00 | 2.59% |
FAQ
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