KODEX Japan Stock Forecast
Green day on Friday for KODEX Japan stock after gaining 1.04%
(Updated on Apr 26, 2024)
The KODEX Japan stock price gained 1.04% on the last trading day (Friday, 26th Apr 2024), rising from ₩20,285.00 to ₩20,495.00. During the last trading day the stock fluctuated 1.56% from a day low at ₩20,245.00 to a day high of ₩20,560.00. The price has been going up and down for this period, and there has been a -4.05% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 151 more shares were traded than the day before. In total, 7 thousand shares were bought and sold for approximately ₩147.34 million.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₩20,373.34 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 6.56% during the next 3 months and, with a 90% probability hold a price between ₩21,709.74 and ₩23,543.30 at the end of this 3-month period.
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101280.KS Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 1.16%. Further rise is indicated until a new top pivot has been found. 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. The KODEX Japan 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 ₩20,919.29. On a fall, the stock will find some support from the short-term average at ₩20,477.14. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for KODEX Japan stock
KODEX Japan finds support from accumulated volume at ₩20,420.00 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 ₩315.00 between high and low, or 1.56%. For the last week the stock has had daily average volatility of 1.57%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (101280.KS) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect KODEX Japan to open at ₩20,433.33, and during the day (based on 14 day Average True Range), to move between ₩20,132.73 and ₩20,857.27, which gives a possible trading interval of +/-₩362.27 (+/-1.77%) up or down from last closing price. If KODEX Japan takes out the full calculated possible swing range there will be an estimated 3.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩20,420.00 (0.37%) than the resistance at ₩21,000.00 (2.46%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is KODEX Japan stock A Buy?
KODEX Japan 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: -1.535 Sell Candidate Unchanged
Predicted Opening Price for KODEX Japan of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| ₩20,433.33 ( 0.301%) | ₩20,495.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 101280.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20,748.33 | 1.24 % | |
| R2 | 20,628.00 | 0.649 % | ||
| R1 | 20,553.66 | 0.286 % | ||
| Current price: | 20,495.00 | |||
| Support | S1 | 20,313.00 | -0.89 % | |
| S2 | 20,238.66 | -1.25 % | ||
| S3 | 20,118.33 | -1.84 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21,175.00 | 3.32 % | |
| R2 | 21,040.00 | 2.66 % | ||
| R1 | 21,000.00 | 2.46 % | ||
| Current price | 20,495.00 | |||
| Support | S1 | 20,420.00 | -0.366% | |
| S2 | 19,645.00 | -4.15% | ||
| S3 | 19,525.00 | -4.73% |
101280 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 30, 2023 | Oct 30, 2023 | Oct 30, 2023 | ₩213.00 | 1.27% |
| 2 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | ₩154.00 | 0.90% |
FAQ
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