KB KBSTAR Top5 Group Securities ETF Stock Forecast
KB KBSTAR Top5 Group Securities ETF stock downgraded to Sell Candidate
(Updated on May 29, 2024)
The KB KBSTAR Top5 Group Securities ETF stock price fell by -1.81% on the last day (Wednesday, 29th May 2024) from ₩6,645.00 to ₩6,525.00. During the last trading day the stock fluctuated 2.23% from a day low at ₩6,500.00 to a day high of ₩6,645.00. The price has been going up and down for this period, and there has been a -0.99% loss for the last 2 weeks. Volume has increased on the last day by 400 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 thousand shares were bought and sold for approximately ₩6.70 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect KB KBSTAR Top5 Group Securities ETF stock with a 90% probability to be traded between ₩6,133.37 and ₩6,521.75 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. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
105780.KS Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The KB KBSTAR Top5 Group Securities ETF stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ₩6,607.86 and ₩6,536.71. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -2.17%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for KB KBSTAR Top5 Group Securities ETF stock
KB KBSTAR Top5 Group Securities ETF finds support from accumulated volume at ₩6,505.00 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 ₩145.00 between high and low, or 2.23%. For the last week the stock has had daily average volatility of 1.18%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (105780.KS) For The Upcoming Trading Day Of Thursday 30th
For the upcoming trading day on Thursday, 30th we expect KB KBSTAR Top5 Group Securities ETF Investment Fund - Equity to open at ₩6,556.67, and during the day (based on 14 day Average True Range), to move between ₩6,439.37 and ₩6,610.63, which gives a possible trading interval of +/-₩85.63 (+/-1.31%) up or down from last closing price. If KB KBSTAR Top5 Group Securities ETF Investment Fund - Equity takes out the full calculated possible swing range there will be an estimated 2.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩6,505.00 (0.31%) than the resistance at ₩6,560.00 (0.54%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is KB KBSTAR Top5 Group Securities ETF Investment Fund - Equity stock A Buy?
KB KBSTAR Top5 Group Securities ETF holds several negative signals and is within a 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.658 Sell Candidate Downgraded
Predicted Opening Price for KB KBSTAR Top5 Group Securities ETF Investment Fund - Equity of Thursday, May 30, 2024
| Fair opening price May 30, 2024 | Current price |
|---|---|
| ₩6,556.67 ( 0.485%) | ₩6,525.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 105780.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6,701.67 | 2.71 % | |
| R2 | 6,646.28 | 1.86 % | ||
| R1 | 6,612.06 | 1.33 % | ||
| Current price: | 6,525.00 | |||
| Support | S1 | 6,501.28 | -0.364 % | |
| S2 | 6,467.06 | -0.89 % | ||
| S3 | 6,411.67 | -1.74 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6,715.00 | 2.91 % | |
| R2 | 6,630.00 | 1.61 % | ||
| R1 | 6,560.00 | 0.536 % | ||
| Current price | 6,525.00 | |||
| Support | S1 | 6,505.00 | -0.307% | |
| S2 | 6,460.00 | -1.00% | ||
| S3 | 6,400.00 | -1.92% |
105780 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | May 03, 2024 | ₩80.00 | 1.24% |
| 2 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | ₩80.00 | 1.25% |
| 3 | Apr 28, 2022 | Apr 28, 2022 | Apr 28, 2022 | ₩130.00 | 1.94% |
| 4 | Apr 27, 2017 | Apr 27, 2017 | Apr 27, 2017 | ₩55.00 | 1.12% |
| 5 | Apr 28, 2016 | Apr 28, 2016 | Apr 28, 2016 | ₩90.00 | 1.99% |
FAQ
Click here for our free guide on how to buy KB KBSTAR Top5 Group Securities ETF Investment Fund - Equity Stock.
