KISCO Corp. Stock Forecast
Green day on Thursday for KISCO Corp.
(Updated on May 02, 2024)
The KISCO Corp. stock price gained 0.337% on the last trading day (Thursday, 2nd May 2024), rising from ₩11,880.00 to ₩11,920.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.84% from a day low at ₩11,620.00 to a day high of ₩11,950.00. The price has risen in 6 of the last 10 days and is up by 2.49% 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, 29 thousand more shares were traded than the day before. In total, 192 thousand shares were bought and sold for approximately ₩2.29 billion.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 96.67% during the next 3 months and, with a 90% probability hold a price between ₩20,507.22 and ₩26,107.30 at the end of this 3-month period.
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104700.KS Signals & Forecast
The KISCO Corp. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₩12,145.71. On a fall, the stock will find some support from the long-term average at approximately ₩10,290.00. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Tuesday, April 23, 2024, and so far it has fallen -5.40%. 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 KISCO Corp. stock
KISCO Corp. finds support from accumulated volume at ₩11,740.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₩330.00 between high and low, or 2.84%. For the last week, the stock has had daily average volatility of 4.18%.
Our recommended stop-loss: ₩11,303.60 (-5.17%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (104700.KS) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect KISCO Corp. to open at ₩11,830.00, and during the day (based on 14 day Average True Range), to move between ₩11,512.89 and ₩12,327.11, which gives a possible trading interval of +/-₩407.11 (+/-3.42%) up or down from last closing price. If KISCO Corp. takes out the full calculated possible swing range there will be an estimated 6.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩11,740.00 (1.51%) than the resistance at ₩12,120.00 (1.68%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is KISCO Corp. stock A Buy?
KISCO Corp. 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.
Current score: 0.168 Hold/Accumulate Unchanged
Predicted Opening Price for KISCO Corp. of Friday, May 3, 2024
Fair opening price May 3, 2024 | Current price |
---|---|
₩11,830.00 ( 0.755%) | ₩11,920.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 104700.KS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 12,160.00 | 2.01 % | |
R2 | 12,033.94 | 0.96 % | ||
R1 | 11,956.06 | 0.303 % | ||
Current price: | 11,920.00 | |||
Support | S1 | 11,703.94 | -1.81 % | |
S2 | 11,626.06 | -2.47 % | ||
S3 | 11,500.00 | -3.52 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 12,600.00 | 5.70 % | |
R2 | 12,590.00 | 5.62 % | ||
R1 | 12,120.00 | 1.68 % | ||
Current price | 11,920.00 | |||
Support | S1 | 11,740.00 | -1.51% | |
S2 | 9,450.00 | -20.72% | ||
S3 | 9,210.00 | -22.73% |
104700 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 27, 2023 | Dec 27, 2023 | Apr 15, 2024 | ₩300.00 | 2.59% |
2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩300.00 | 4.78% |
3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩250.00 | 3.23% |
4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩200.00 | 3.10% |
5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩200.00 | 4.19% |
FAQ
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