Korea Investment Holdings Co., Ltd. Stock Forecast
Green day on Tuesday for Korea Investment Holdings Co., Ltd. stock after gaining 1.08%
(Updated on Jun 18, 2024)
The Korea Investment Holdings Co., Ltd. stock price gained 1.08% on the last trading day (Tuesday, 18th Jun 2024), rising from ₩46,200.00 to ₩46,700.00. During the last trading day the stock fluctuated 2.17% from a day low at ₩46,050.00 to a day high of ₩47,050.00. The price has been going up and down for this period, and there has been a -0.11% loss for the last 2 weeks. Volume fell on the last day by -4 thousand shares and in total, 8 thousand shares were bought and sold for approximately ₩356.13 million. 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 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 ₩43,831.16 and ₩48,872.68 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
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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Korea Investment Holdings Co., Ltd. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ₩46,992.86. On a fall, the stock will find some support from the short-term average at ₩46,678.57. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Monday, May 13, 2024, and so far it has fallen -4.30%. 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 ₩46,200.00 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 ₩1,000.00 between high and low, or 2.17%. For the last week the stock has had daily average volatility of 1.99%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (071055.KS) For The Upcoming Trading Day Of Wednesday 19th
For the upcoming trading day on Wednesday, 19th we expect Korea Investment Holdings Co., Ltd. to open at ₩46,600.00, and during the day (based on 14 day Average True Range), to move between ₩45,659.96 and ₩47,740.04, which gives a possible trading interval of +/-₩1,040.04 (+/-2.23%) 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 4.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩46,200.00 (1.07%) than the resistance at ₩47,400.00 (1.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Korea Investment Holdings Co., Ltd. stock A Buy?
Korea Investment Holdings Co., Ltd. holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.963 Sell Candidate Unchanged
Predicted Opening Price for Korea Investment Holdings Co., Ltd. of Wednesday, June 19, 2024
| Fair opening price June 19, 2024 | Current price |
|---|---|
| ₩46,600.00 ( 0.214%) | ₩46,700.00 |
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 | 47,600.00 | 1.93% |
| R2 | 47,218.00 | 1.11% |
| R1 | 46,982.00 | 0.604% |
| Price | 46,700.00 | |
| S1 | 46,218.00 | -1.03% |
| S2 | 45,982.00 | -1.54% |
| S3 | 45,600.00 | -2.36% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 48,800.00 | 4.50% |
| R2 | 47,700.00 | 2.14% |
| R1 | 47,400.00 | 1.50% |
| Price | 46,700.00 | |
| S1 | 46,200.00 | -1.07% |
| S2 | 45,900.00 | -1.71% |
| S3 | 45,700.00 | -2.14% |
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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