Korea Investment Holdings Co., Ltd. Stock Forecast
Weaker technical forecast for Korea Investment Holdings Co., Ltd. as stock downgraded to Hold/Accumulate.
(Updated on May 13, 2024)
The Korea Investment Holdings Co., Ltd. stock price gained 0.143% on the last trading day (Monday, 13th May 2024), rising from ₩69,800.00 to ₩69,900.00. During the last trading day the stock fluctuated 2.46% from a day low at ₩69,100.00 to a day high of ₩70,800.00. The price has risen in 8 of the last 10 days and is up by 5.91% over the past 2 weeks. Volume fell on the last day by -47 thousand shares and in total, 102 thousand shares were bought and sold for approximately ₩7.11 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stockhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is ₩69,651.20, a level that may pose a second chance to hit a runner. According to fan-theory ₩79,949.81 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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071050.KS Signals & Forecast
The Korea Investment Holdings Co., 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 ₩67,628.57 and ₩66,394.29. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 14.78%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Korea Investment Holdings Co., Ltd. stock
Korea Investment Holdings Co., Ltd. finds support from accumulated volume at ₩69,100.00 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 ₩1,700.00 between high and low, or 2.46%. For the last week, the stock has had daily average volatility of 3.13%.
Our recommended stop-loss: ₩67,231.40 (-3.82%) (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 (071050.KS) For The Upcoming Trading Day Of Tuesday 14th
For the upcoming trading day on Tuesday, 14th we expect Korea Investment Holdings Co., Ltd. to open at ₩69,933.33, and during the day (based on 14 day Average True Range), to move between ₩67,697.50 and ₩72,102.50, which gives a possible trading interval of +/-₩2,202.50 (+/-3.15%) up or down from last closing price. If Korea Investment Holdings Co., Ltd. takes out the full calculated possible swing range there will be an estimated 6.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩70,500.00 (0.86%) than the support at ₩69,100.00 (1.14%), 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 Korea Investment Holdings Co., Ltd. stock A Buy?
Korea Investment Holdings Co., Ltd. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.563 Hold/Accumulate Downgraded
Predicted Opening Price for Korea Investment Holdings Co., Ltd. of Tuesday, May 14, 2024
| Fair opening price May 14, 2024 | Current price |
|---|---|
| ₩69,933.33 ( 0.0477%) | ₩69,900.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 071050.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 71,633.33 | 2.48 % | |
| R2 | 70,983.93 | 1.55 % | ||
| R1 | 70,582.73 | 0.98 % | ||
| Current price: | 69,900.00 | |||
| Support | S1 | 69,283.93 | -0.88 % | |
| S2 | 68,882.73 | -1.46 % | ||
| S3 | 68,233.33 | -2.38 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 72,500.00 | 3.72 % | |
| R2 | 71,000.00 | 1.57 % | ||
| R1 | 70,500.00 | 0.86 % | ||
| Current price | 69,900.00 | |||
| Support | S1 | 69,100.00 | -1.14% | |
| S2 | 67,200.00 | -3.86% | ||
| S3 | 66,600.00 | -4.72% |
071050 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 08, 2024 | ₩2,300.00 | 3.40% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩2,300.00 | 4.17% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩6,150.00 | 7.56% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩3,000.00 | 3.79% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩2,900.00 | 4.01% |
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