Kiwoom Securities Co., Ltd. Stock Forecast
Kiwoom Securities Co., Ltd. stock upgraded from Sell Candidate to Buy Candidate after Tuesday trading session.
(Updated on Jun 25, 2024)
The Kiwoom Securities Co., Ltd. stock price gained 4.30% on the last trading day (Tuesday, 25th Jun 2024), rising from ₩120,800.00 to ₩126,000.00. During the last trading day the stock fluctuated 6.17% from a day low at ₩121,500.00 to a day high of ₩129,000.00. The price has fallen in 6 of the last 10 days and is down by -1.1% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 37 thousand more shares were traded than the day before. In total, 78 thousand shares were bought and sold for approximately ₩9.89 billion.
The stock lies in the middle of a 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 2.29% during the next 3 months and, with a 90% probability hold a price between ₩123,618.91 and ₩137,948.64 at the end of this 3-month period.
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039490.KS Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 4.30%. Further rise is indicated until a new top pivot has been found. 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. The Kiwoom Securities Co., Ltd. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ₩128,160.00. On a fall, the stock will find some support from the short-term average at ₩122,714.29. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
A sell signal from a double top formation was found on Friday, May 31, 2024 and based on theory for this formation the price should fall by -6.17% to ₩118,227.27 within 11 trading days since signal was issued (Tuesday, June 18, 2024).
Support, Risk & Stop-loss for Kiwoom Securities Co., Ltd. stock
Kiwoom Securities Co., Ltd. finds support from accumulated volume at ₩123,300.00 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 ₩7,500.00 between high and low, or 6.17%. For the last week, the stock has had daily average volatility of 3.24%.
Our recommended stop-loss: ₩118,697.51 (-5.80%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (039490.KS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Kiwoom Securities Co., Ltd. to open at ₩125,500.00, and during the day (based on 14 day Average True Range), to move between ₩122,044.51 and ₩129,955.49, which gives a possible trading interval of +/-₩3,955.49 (+/-3.14%) up or down from last closing price. If Kiwoom Securities Co., Ltd. takes out the full calculated possible swing range there will be an estimated 6.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩123,300.00 (2.14%) than the resistance at ₩129,500.00 (2.78%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Kiwoom Securities Co., Ltd. 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 Kiwoom Securities Co., Ltd. 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: 1.844 Buy Candidate Upgraded
Predicted Opening Price for Kiwoom Securities Co., Ltd. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ₩125,500.00 ( 0.397%) | ₩126,000.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 039490.KS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 133,000.00 | 5.56% |
| R2 | 130,135.00 | 3.28% |
| R1 | 128,365.00 | 1.88% |
| Price | 126,000.00 | |
| S1 | 122,635.00 | -2.67% |
| S2 | 120,865.00 | -4.08% |
| S3 | 118,000.00 | -6.35% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 131,000.00 | 3.97% |
| R2 | 129,800.00 | 3.02% |
| R1 | 129,500.00 | 2.78% |
| Price | 126,000.00 | |
| S1 | 123,300.00 | -2.14% |
| S2 | 122,300.00 | -2.94% |
| S3 | 121,700.00 | -3.41% |
039490 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 08, 2024 | ₩3,000.00 | 2.44% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩3,000.00 | 3.41% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩3,500.00 | 3.24% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩3,000.00 | 2.42% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩2,000.00 | 2.50% |
FAQ
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