KT&G Corporation Stock Forecast
KT&G Corporation stock price down 0.445% on Tuesday
(Updated on Apr 30, 2024)
The KT&G Corporation stock price fell by -0.445% on the last day (Tuesday, 30th Apr 2024) from ₩89,800.00 to ₩89,400.00. During the last trading day the stock fluctuated 0.90% from a day low at ₩89,000.00 to a day high of ₩89,800.00. The price has fallen in 6 of the last 10 days but is still up by 0.68% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -31 thousand shares and in total, 123 thousand shares were bought and sold for approximately ₩11.03 billion.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect KT&G Corporation stock with a 90% probability to be traded between ₩86,192.04 and ₩92,338.54 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
033780.KS Signals & Forecast
There are mixed signals in the stock today. The KT&G Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₩89,585.71 and ₩91,188.57. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Friday, April 12, 2024, and so far it has risen 1.25%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for KT&G Corporation stock
KT&G Corporation finds support from accumulated volume at ₩89,200.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved ₩800.00 between high and low, or 0.90%. For the last week the stock has had daily average volatility of 1.10%.
Our recommended stop-loss: ₩84,089.03 (-5.94%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (033780.KS) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect KT&G Corporation to open at ₩89,400.00, and during the day (based on 14 day Average True Range), to move between ₩87,968.33 and ₩90,831.67, which gives a possible trading interval of +/-₩1,431.67 (+/-1.60%) up or down from last closing price. If KT&G Corporation takes out the full calculated possible swing range there will be an estimated 3.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩89,200.00 (0.22%) than the resistance at ₩90,900.00 (1.68%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is KT&G Corporation stock A Buy?
KT&G Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.374 Hold/Accumulate Unchanged
Predicted Opening Price for KT&G Corporation of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| ₩89,400.00 ( 0%) | ₩89,400.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 033780.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 90,200.00 | 0.89 % | |
| R2 | 89,894.40 | 0.553 % | ||
| R1 | 89,705.60 | 0.342 % | ||
| Current price: | 89,400.00 | |||
| Support | S1 | 89,094.40 | -0.342 % | |
| S2 | 88,905.60 | -0.553 % | ||
| S3 | 88,600.00 | -0.89 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 93,900.00 | 5.03 % | |
| R2 | 92,600.00 | 3.58 % | ||
| R1 | 90,900.00 | 1.68 % | ||
| Current price | 89,400.00 | |||
| Support | S1 | 89,200.00 | -0.224% | |
| S2 | 88,900.00 | -0.559% | ||
| S3 | 88,300.00 | -1.23% |
033780 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 01, 2024 | ₩4,000.00 | 4.37% |
| 2 | Jun 29, 2023 | Jun 29, 2023 | Aug 23, 2023 | ₩1,200.00 | 1.40% |
| 3 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩5,000.00 | 5.47% |
| 4 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩4,800.00 | 6.02% |
| 5 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩4,800.00 | 5.76% |
FAQ
Click here for our free guide on how to buy KT&G Corporation Stock.
