KOSEF MSB Stock Forecast
KOSEF MSB stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on Apr 26, 2024)
The KOSEF MSB stock price gained 0.0048% on the last trading day (Friday, 26th Apr 2024), rising from ₩103,510.00 to ₩103,515.00. During the last trading day the stock fluctuated 0.0097% from a day low at ₩103,505.00 to a day high of ₩103,515.00. The price has risen in 6 of the last 10 days and is up by 0.09% over the past 2 weeks. Volume fell on the last day by -3 thousand shares and in total, 87 shares were bought and sold for approximately ₩9.01 million. 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 has broken the narrow and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately ₩103,517.97 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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122260.KS Signals & Forecast
The KOSEF MSB stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ₩103,489.29 and ₩103,360.14. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 0.0483%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for KOSEF MSB stock
KOSEF MSB finds support from accumulated volume at ₩103,175.00 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 ₩10.00 between high and low, or 0.0097%. For the last week the stock has had daily average volatility of 0.0126%.
Our recommended stop-loss: ₩97,825.26 (-5.50%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (122260.KS) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect KOSEF MSB to open at ₩103,511.67, and during the day (based on 14 day Average True Range), to move between ₩103,471.94 and ₩103,558.06, which gives a possible trading interval of +/-₩43.06 (+/-0.04%) up or down from last closing price. If KOSEF MSB takes out the full calculated possible swing range there will be an estimated 0.08% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₩103,175.00, some ₩340.00 (0.33%) from the current price of ₩103,515.00, our system finds the risk reward attractive.
Is KOSEF MSB stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for KOSEF MSB stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.908 Buy Candidate Upgraded
Predicted Opening Price for KOSEF MSB of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| ₩103,511.67 ( 0.0032%) | ₩103,515.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 122260.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 103,521.67 | 0.0064 % | |
| R2 | 103,517.85 | 0.0028 % | ||
| R1 | 103,515.49 | 0.0005 % | ||
| Current price: | 103,515.00 | |||
| Support | S1 | 103,507.85 | -0.0069 % | |
| S2 | 103,505.49 | -0.0092 % | ||
| S3 | 103,501.67 | -0.0129 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 103,515.00 | |||
| Support | S1 | 103,175.00 | -0.328% | |
| S2 | 103,010.00 | -0.488% | ||
| S3 | 102,900.00 | -0.594% |
122260 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Dec 27, 2023 | ₩3,000.00 | 2.93% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩600.00 | 0.593% |
| 3 | Dec 28, 2016 | Dec 28, 2016 | Dec 28, 2016 | ₩1,300.00 | 1.29% |
| 4 | Dec 29, 2015 | Dec 29, 2015 | Dec 29, 2015 | ₩2,000.00 | 1.99% |
| 5 | Dec 29, 2014 | Dec 29, 2014 | Dec 29, 2014 | ₩2,900.00 | 2.89% |
FAQ
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