Kia Corporation Stock Forecast
Kia Corporation stock upgraded from Sell Candidate to Buy Candidate after Monday trading session.
(Updated on May 20, 2024)
The Kia Corporation stock price gained 1.95% on the last trading day (Monday, 20th May 2024), rising from ₩112,700.00 to ₩114,900.00. During the last trading day the stock fluctuated 3.10% from a day low at ₩113,000.00 to a day high of ₩116,500.00. The price has risen in 6 of the last 10 days but is still down by -3.93% for this period. Volume fell on the last day by -297 thousand shares and in total, 851 thousand shares were bought and sold for approximately ₩97.74 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very 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 -6.89% during the next 3 months and, with a 90% probability hold a price between ₩90,592.67 and ₩113,428.22 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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000270.KS Signals & Forecast
The Kia Corporation 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 ₩113,757.14 and ₩112,728.57. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 09, 2024, and so far it has risen 2.86%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Kia Corporation stock
Kia Corporation finds support from accumulated volume at ₩114,700.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ₩3,500.00 (3.10%) between high and low. For the last week, the stock has had daily average volatility of 2.50%.
Our recommended stop-loss: ₩109,146.91 (-5.01%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (000270.KS) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Kia Corporation to open at ₩114,800.00, and during the day (based on 14 day Average True Range), to move between ₩111,135.32 and ₩118,664.68, which gives a possible trading interval of +/-₩3,764.68 (+/-3.28%) up or down from last closing price. If Kia Corporation takes out the full calculated possible swing range there will be an estimated 6.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩114,700.00 (0.17%) than the resistance at ₩115,700.00 (0.70%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Kia Corporation stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.387 Buy Candidate Upgraded
Predicted Opening Price for Kia Corporation of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| ₩114,800.00 ( 0.0870%) | ₩114,900.00 |
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 | 2.96 % | |
| R2 | 116,963.00 | 1.80 % | ||
| R1 | 116,137.00 | 1.08 % | ||
| Current price: | 114,900.00 | |||
| Support | S1 | 113,463.00 | -1.25 % | |
| S2 | 112,637.00 | -1.97 % | ||
| S3 | 111,300.00 | -3.13 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 124,500.00 | 8.36 % | |
| R2 | 118,900.00 | 3.48 % | ||
| R1 | 115,700.00 | 0.696 % | ||
| Current price | 114,900.00 | |||
| Support | S1 | 114,700.00 | -0.174% | |
| S2 | 114,600.00 | -0.261% | ||
| S3 | 111,700.00 | -2.79% |
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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