Kona I Co.,Ltd. Stock Forecast
Red day on Friday for Kona I Co.,Ltd. stock after losing 0.461%
(Updated on May 10, 2024)
The Kona I Co.,Ltd. stock price fell by -0.461% on the last day (Friday, 10th May 2024) from ₩17,370.00 to ₩17,290.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.64% from a day low at ₩17,030.00 to a day high of ₩17,480.00. The price has fallen in 6 of the last 10 days and is down by -4.42% for this period. Volume has increased on the last day by 4 thousand 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, 15 thousand shares were bought and sold for approximately ₩257.45 million.
Given the current short-term trend, the stock is expected to rise 9.01% during the next 3 months and, with a 90% probability hold a price between ₩18,847.05 and ₩23,102.10 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
052400.KQ 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 Kona I Co.,Ltd. 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 ₩17,511.43 and ₩18,172.29. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -16.07%. 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 Kona I Co.,Ltd. stock
Kona I Co.,Ltd. finds support from accumulated volume at ₩17,250.00 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 ₩450.00 between high and low, or 2.64%. For the last week, the stock has had daily average volatility of 2.26%.
Our recommended stop-loss: ₩16,743.64 (-3.16%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 20 days ago.)
Trading Expectations (052400.KQ) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Kona I Co.,Ltd. to open at ₩17,266.67, and during the day (based on 14 day Average True Range), to move between ₩16,612.56 and ₩17,967.44, which gives a possible trading interval of +/-₩677.44 (+/-3.92%) up or down from last closing price. If Kona I Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 7.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩17,250.00 (0.23%) than the resistance at ₩17,600.00 (1.79%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Kona I Co.,Ltd. stock A Buy?
Kona I Co.,Ltd. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.407 Hold/Accumulate Unchanged
Predicted Opening Price for Kona I Co.,Ltd. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| ₩17,266.67 ( 0.135%) | ₩17,290.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 052400.KQ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17,716.67 | 2.47 % | |
| R2 | 17,544.77 | 1.47 % | ||
| R1 | 17,438.57 | 0.86 % | ||
| Current price: | 17,290.00 | |||
| Support | S1 | 17,094.77 | -1.13 % | |
| S2 | 16,988.57 | -1.74 % | ||
| S3 | 16,816.67 | -2.74 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18,220.00 | 5.38 % | |
| R2 | 18,000.00 | 4.11 % | ||
| R1 | 17,600.00 | 1.79 % | ||
| Current price | 17,290.00 | |||
| Support | S1 | 17,250.00 | -0.231% | |
| S2 | 17,080.00 | -1.21% | ||
| S3 | 16,840.00 | -2.60% |
052400 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 01, 2024 | ₩500.00 | 2.66% |
| 2 | Dec 29, 2015 | Dec 29, 2015 | Dec 29, 2015 | ₩325.00 | 0.96% |
| 3 | Dec 29, 2014 | Dec 29, 2014 | Dec 29, 2014 | ₩250.00 | 0.751% |
| 4 | Dec 27, 2013 | Dec 27, 2013 | Dec 27, 2013 | ₩200.00 | 0.92% |
| 5 | Dec 27, 2012 | Dec 27, 2012 | Dec 27, 2012 | ₩200.00 | 1.21% |
FAQ
Click here for our free guide on how to buy Kona I Co.,Ltd. Stock.
