Kona I Co.,Ltd. Stock Forecast
Red day on Tuesday for Kona I Co.,Ltd.
(Updated on Jul 02, 2024)
The Kona I Co.,Ltd. stock price fell by -1.78% on the last day (Tuesday, 2nd Jul 2024) from ₩15,180.00 to ₩14,910.00. During the last trading day the stock fluctuated 2.72% from a day low at ₩14,730.00 to a day high of ₩15,130.00. The price has fallen in 7 of the last 10 days and is down by -6.81% for this period. 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 -33 thousand shares and in total, 17 thousand shares were bought and sold for approximately ₩256.97 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₩14,582.75 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -19.52% during the next 3 months and, with a 90% probability hold a price between ₩11,735.55 and ₩13,520.18 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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052400.KQ Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 0.81%. Further rise is indicated until a new top pivot has been found. 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 ₩15,141.43 and ₩16,267.43. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Kona I Co.,Ltd. stock
Kona I Co.,Ltd. finds support from accumulated volume at ₩14,790.00 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 ₩400.00 between high and low, or 2.72%. For the last week, the stock has had daily average volatility of 3.13%.
Our recommended stop-loss: ₩14,037.46 (-5.85%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 55 days ago.)
Trading Expectations (052400.KQ) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Kona I Co.,Ltd. to open at ₩14,923.33, and during the day (based on 14 day Average True Range), to move between ₩14,470.31 and ₩15,349.69, which gives a possible trading interval of +/-₩439.69 (+/-2.95%) 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 5.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩14,790.00 (0.80%) than the resistance at ₩17,600.00 (18.04%), 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: -0.850 Hold/Accumulate Unchanged
Predicted Opening Price for Kona I Co.,Ltd. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| ₩14,923.33 ( 0.0894%) | ₩14,910.00 |
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 | |
|---|---|---|
| R3 | 15,323.33 | 2.77% |
| R2 | 15,170.53 | 1.75% |
| R1 | 15,076.13 | 1.11% |
| Price | 14,910.00 | |
| S1 | 14,770.53 | -0.94% |
| S2 | 14,676.13 | -1.57% |
| S3 | 14,523.33 | -2.59% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 18,220.00 | 22.20% |
| R2 | 18,200.00 | 22.07% |
| R1 | 17,600.00 | 18.04% |
| Price | 14,910.00 | |
| S1 | 14,790.00 | -0.80% |
| S2 | 0 | - |
| S3 | 0 | - |
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% |
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