Korea Investment Holdings Co., Ltd. Stock Forecast
Stronger technical forecast for Korea Investment Holdings Co., Ltd. stock price after Friday trading.
(Updated on Jun 14, 2024)
The Korea Investment Holdings Co., Ltd. stock price gained 1.28% on the last trading day (Friday, 14th Jun 2024), rising from ₩46,800.00 to ₩47,400.00. During the last trading day the stock fluctuated 2.49% from a day low at ₩46,250.00 to a day high of ₩47,400.00. The price has risen in 6 of the last 10 days and is up by 2.6% 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, 8 thousand more shares were traded than the day before. In total, 18 thousand shares were bought and sold for approximately ₩858.75 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 Korea Investment Holdings Co., Ltd. stock with a 90% probability to be traded between ₩43,483.05 and ₩48,561.48 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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071055.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, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ₩46,871.43 and ₩46,957.14. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 Monday, May 13, 2024, and so far it has fallen -2.87%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Korea Investment Holdings Co., Ltd. stock
Korea Investment Holdings Co., Ltd. finds support from accumulated volume at ₩46,400.00 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 ₩1,150.00 between high and low, or 2.49%. For the last week the stock has had daily average volatility of 1.96%.
Our recommended stop-loss: ₩45,441.37 (-4.13%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 23 days ago.)
Trading Expectations (071055.KS) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Korea Investment Holdings Co., Ltd. to open at ₩47,016.67, and during the day (based on 14 day Average True Range), to move between ₩46,365.43 and ₩48,434.57, which gives a possible trading interval of +/-₩1,034.57 (+/-2.18%) 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 4.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩47,700.00 (0.63%) than the support at ₩46,400.00 (2.11%), 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.247 Hold/Accumulate Upgraded
Predicted Opening Price for Korea Investment Holdings Co., Ltd. of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| ₩47,016.67 ( 0.81%) | ₩47,400.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 071055.KS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 48,166.67 | 1.62% |
| R2 | 47,727.37 | 0.691% |
| R1 | 47,455.97 | 0.118% |
| Price | 47,400.00 | |
| S1 | 46,577.37 | -1.74% |
| S2 | 46,305.97 | -2.31% |
| S3 | 45,866.67 | -3.23% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 48,800.00 | 2.95% |
| R2 | 48,400.00 | 2.11% |
| R1 | 47,700.00 | 0.633% |
| Price | 47,400.00 | |
| S1 | 46,400.00 | -2.11% |
| S2 | 45,900.00 | -3.16% |
| S3 | 45,700.00 | -3.59% |
071055 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 08, 2024 | ₩2,361.50 | 5.07% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩2,361.50 | 5.32% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩6,211.50 | 9.40% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩3,061.50 | 4.79% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩2,961.50 | 6.63% |
FAQ
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