KOSEF High Dividend Stock Forecast
KOSEF High Dividend stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 10, 2024)
The KOSEF High Dividend stock price gained 1.52% on the last trading day (Friday, 10th May 2024), rising from ₩10,190.00 to ₩10,345.00. During the last trading day the stock fluctuated 1.56% from a day low at ₩10,275.00 to a day high of ₩10,435.00. The price has risen in 6 of the last 10 days and is up by 0.19% 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, 844 more shares were traded than the day before. In total, 9 thousand shares were bought and sold for approximately ₩94.12 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 KOSEF High Dividend stock with a 90% probability to be traded between ₩9,703.39 and ₩10,797.78 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
104530.KS Signals & Forecast
The KOSEF High Dividend 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 ₩10,213.57 and ₩10,273.43. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Friday, April 26, 2024, and so far it has fallen -2.17%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for KOSEF High Dividend stock
KOSEF High Dividend finds support from accumulated volume at ₩10,310.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ₩160.00 (1.56%) between high and low. For the last week, the stock has had daily average volatility of 1.34%.
Our recommended stop-loss: ₩9,904.10 (-4.26%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (104530.KS) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect KOSEF High Dividend to open at ₩10,351.67, and during the day (based on 14 day Average True Range), to move between ₩10,154.58 and ₩10,535.42, which gives a possible trading interval of +/-₩190.42 (+/-1.84%) up or down from last closing price. If KOSEF High Dividend takes out the full calculated possible swing range there will be an estimated 3.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩10,360.00 (0.14%) than the support at ₩10,310.00 (0.34%), 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 KOSEF High Dividend stock A Buy?
KOSEF High Dividend 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: -0.483 Hold/Accumulate Upgraded
Predicted Opening Price for KOSEF High Dividend of Monday, May 13, 2024
Fair opening price May 13, 2024 | Current price |
---|---|
₩10,351.67 ( 0.0644%) | ₩10,345.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 104530.KS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 10,511.67 | 1.61 % | |
R2 | 10,450.55 | 1.02 % | ||
R1 | 10,412.79 | 0.655 % | ||
Current price: | 10,345.00 | |||
Support | S1 | 10,290.55 | -0.526 % | |
S2 | 10,252.79 | -0.89 % | ||
S3 | 10,191.67 | -1.48 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 10,430.00 | 0.82 % | |
R2 | 10,370.00 | 0.242 % | ||
R1 | 10,360.00 | 0.145 % | ||
Current price | 10,345.00 | |||
Support | S1 | 10,310.00 | -0.338% | |
S2 | 10,265.00 | -0.773% | ||
S3 | 9,800.00 | -5.27% |
104530 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 29, 2024 | Apr 29, 2024 | May 03, 2024 | ₩400.00 | 3.96% |
2 | Oct 30, 2023 | Oct 30, 2023 | Oct 30, 2023 | ₩60.00 | 0.718% |
3 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | ₩520.00 | 6.23% |
4 | Apr 28, 2022 | Apr 28, 2022 | Apr 28, 2022 | ₩520.00 | 5.43% |
5 | Apr 27, 2017 | Apr 27, 2017 | Apr 27, 2017 | ₩230.00 | 2.76% |
FAQ
Click here for our free guide on how to buy KOSEF High Dividend Stock.