Kangwon Energy Co., Ltd. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Stronger technical forecast for Kangwon Energy Co., Ltd. stock price after Friday trading.
(Updated on Jun 28, 2024)
The Kangwon Energy Co., Ltd. stock price gained 1.41% on the last trading day (Friday, 28th Jun 2024), rising from ₩15,640.00 to ₩15,860.00. During the last trading day the stock fluctuated 5.53% from a day low at ₩15,380.00 to a day high of ₩16,230.00. The price has fallen in 7 of the last 10 days and is down by -26.74% for this period. Volume fell on the last day by -219 thousand shares and in total, 237 thousand shares were bought and sold for approximately ₩3.76 billion. 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 lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₩15,763.97 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 14.94% during the next 3 months and, with a 90% probability hold a price between ₩18,119.14 and ₩26,309.46 at the end of this 3-month period.
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114190.KQ Signals & Forecast
The Kangwon Energy Co., Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₩17,035.71 and ₩17,232.00. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 1.41%. Further rise is indicated until a new top pivot has been found. 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.
Support, Risk & Stop-loss for Kangwon Energy Co., Ltd. stock
Kangwon Energy Co., Ltd. finds support from accumulated volume at ₩15,640.00 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved ₩850.00 between high and low, or 5.53%. For the last week, the stock has had daily average volatility of 7.28%.
Our recommended stop-loss: ₩15,003.77 (-5.40%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (114190.KQ) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Kangwon Energy Co., Ltd. to open at ₩15,823.33, and during the day (based on 14 day Average True Range), to move between ₩14,565.39 and ₩17,154.61, which gives a possible trading interval of +/-₩1,294.61 (+/-8.16%) up or down from last closing price. If Kangwon Energy Co., Ltd. takes out the full calculated possible swing range there will be an estimated 16.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩15,640.00 (1.39%) than the resistance at ₩17,770.00 (12.04%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Kangwon Energy Co., Ltd. stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.368 Buy Candidate Upgraded
Predicted Opening Price for Kangwon Energy Co., Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ₩15,823.33 ( 0.231%) | ₩15,860.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 114190.KQ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 16,673.33 | 5.13% |
| R2 | 16,348.63 | 3.08% |
| R1 | 16,148.03 | 1.82% |
| Price | 15,860.00 | |
| S1 | 15,498.63 | -2.28% |
| S2 | 15,298.03 | -3.54% |
| S3 | 14,973.33 | -5.59% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 19,150.00 | 20.74% |
| R2 | 18,810.00 | 18.60% |
| R1 | 17,770.00 | 12.04% |
| Price | 15,860.00 | |
| S1 | 15,640.00 | -1.39% |
| S2 | 15,560.00 | -1.89% |
| S3 | 14,350.00 | -9.52% |
114190 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 29, 2014 | Dec 29, 2014 | Dec 29, 2014 | ₩30.00 | 1.44% |
| 2 | Dec 27, 2013 | Dec 27, 2013 | Dec 27, 2013 | ₩30.00 | 1.37% |
| 3 | Dec 27, 2012 | Dec 27, 2012 | Dec 27, 2012 | ₩50.00 | 1.13% |
| 4 | Nov 29, 2011 | Nov 29, 2011 | Nov 29, 2011 | ₩150.00 | 6.45% |
FAQ
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