ktcs corporation Stock Forecast
ktcs corporation stock price down 0.448% on Tuesday
(Updated on Jun 25, 2024)
The ktcs corporation stock price fell by -0.448% on the last day (Tuesday, 25th Jun 2024) from ₩3,345.00 to ₩3,330.00. During the last trading day the stock fluctuated 1.51% from a day low at ₩3,315.00 to a day high of ₩3,365.00. The price has risen in 7 of the last 10 days and is up by 1.68% 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 -176 thousand shares and in total, 202 thousand shares were bought and sold for approximately ₩673.30 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect ktcs corporation stock with a 90% probability to be traded between ₩3,050.31 and ₩3,420.97 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.
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058850.KS Signals & Forecast
The ktcs corporation stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₩3,377.14. On a fall, the stock will find some support from the long-term average at approximately ₩3,304.29. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Friday, June 21, 2024, and so far it has fallen -3.20%. Further fall is indicated until a new bottom pivot has been found. 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 ktcs corporation stock
ktcs corporation finds support from accumulated volume at ₩3,290.00 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 ₩50.00 between high and low, or 1.51%. For the last week the stock has had daily average volatility of 2.17%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (058850.KS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect ktcs corporation to open at ₩3,336.67, and during the day (based on 14 day Average True Range), to move between ₩3,233.50 and ₩3,426.50, which gives a possible trading interval of +/-₩96.50 (+/-2.90%) up or down from last closing price. If ktcs corporation takes out the full calculated possible swing range there will be an estimated 5.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩3,335.00 (0.15%) than the support at ₩3,290.00 (1.20%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is ktcs corporation stock A Buy?
ktcs corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.990 Sell Candidate Unchanged
Predicted Opening Price for ktcs corporation of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ₩3,336.67 ( 0.200%) | ₩3,330.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 058850.KS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,386.67 | 1.70% |
| R2 | 3,367.57 | 1.13% |
| R1 | 3,355.77 | 0.774% |
| Price | 3,330.00 | |
| S1 | 3,317.57 | -0.373% |
| S2 | 3,305.77 | -0.728% |
| S3 | 3,286.67 | -1.30% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,370.00 | 1.20% |
| R2 | 3,345.00 | 0.450% |
| R1 | 3,335.00 | 0.150% |
| Price | 3,330.00 | |
| S1 | 3,290.00 | -1.20% |
| S2 | 3,275.00 | -1.65% |
| S3 | 3,270.00 | -1.80% |
058850 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 22, 2024 | ₩120.00 | 3.82% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩120.00 | 5.30% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩100.00 | 3.81% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩80.00 | 3.62% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩80.00 | 3.51% |
FAQ
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