KSS Line Ltd. Stock Forecast
KSS Line Ltd. stock price up more than 5.15% on Friday
(Updated on Jun 28, 2024)
The KSS Line Ltd. stock price gained 5.15% on the last trading day (Friday, 28th Jun 2024), rising from ₩8,350.00 to ₩8,780.00. During the last trading day the stock fluctuated 7.18% from a day low at ₩8,360.00 to a day high of ₩8,960.00. The price has risen in 6 of the last 10 days and is up by 7.73% 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, 355 thousand more shares were traded than the day before. In total, 414 thousand shares were bought and sold for approximately ₩3.63 billion.
The stock has broken the weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at ₩8,663.35, a level that may pose a second chance to hit a runner. According to fan-theory ₩9,291.88 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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044450.KS Signals & Forecast
Mostly positive signals in the chart today. The KSS Line Ltd. 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 ₩8,437.14 and ₩8,279.71. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 5.15%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for KSS Line Ltd. stock
KSS Line Ltd. finds support from accumulated volume at ₩8,500.00 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 ₩600.00 between high and low, or 7.18%. For the last week the stock has had daily average volatility of 3.74%.
Our recommended stop-loss: ₩8,429.76 (-3.99%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (044450.KS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect KSS Line Ltd. to open at ₩8,700.00, and during the day (based on 14 day Average True Range), to move between ₩8,535.39 and ₩9,024.61, which gives a possible trading interval of +/-₩244.61 (+/-2.79%) up or down from last closing price. If KSS Line Ltd. 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.
With no resistance above and support from accumulated volume @ ₩8,500.00, some ₩280.00 (3.19%) from the current price of ₩8,780.00, our system finds the risk reward attractive.
Is KSS Line Ltd. stock A Buy?
KSS Line Ltd. holds several positive signals and has broken the weak rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.
Current score: 6.482 Strong Buy Candidate Upgraded
Predicted Opening Price for KSS Line Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ₩8,700.00 ( 0.91%) | ₩8,780.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 044450.KS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9,300.00 | 5.92% |
| R2 | 9,070.80 | 3.31% |
| R1 | 8,929.20 | 1.70% |
| Price | 8,780.00 | |
| S1 | 8,470.80 | -3.52% |
| S2 | 8,329.20 | -5.13% |
| S3 | 8,100.00 | -7.74% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 8,780.00 | |
| S1 | 8,500.00 | -3.19% |
| S2 | 8,210.00 | -6.49% |
| S3 | 8,010.00 | -8.77% |
044450 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 22, 2024 | ₩350.00 | 4.31% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩350.00 | 3.73% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩350.00 | 2.98% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩300.00 | 2.91% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩270.00 | 3.46% |
FAQ
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