KOSEF Enhanced Cash Stock Forecast
Weaker technical forecast for KOSEF Enhanced Cash as stock downgraded to Hold/Accumulate.
(Updated on Apr 30, 2024)
No changes to the price of KOSEF Enhanced Cash stock on the last trading day (Tuesday, 30th Apr 2024). During the last trading day the stock fluctuated 0.0195% from a day low at ₩102,585.00 to a day high of ₩102,605.00. The price has risen in 7 of the last 10 days and is up by 0.1% over the past 2 weeks.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect KOSEF Enhanced Cash stock with a 90% probability to be traded between ₩103,464.43 and ₩103,506.60 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.
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130730.KS Signals & Forecast
The KOSEF Enhanced Cash 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 ₩102,552.14 and ₩102,366.43. A breakdown below any of these levels will issue sell signals. 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 Monday, April 29, 2024, and so far it has fallen 0%. 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). Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for KOSEF Enhanced Cash stock
KOSEF Enhanced Cash finds support from accumulated volume at ₩102,335.00 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 ₩20.00 between high and low, or 0.0195%. For the last week the stock has had daily average volatility of 0.0459%.
The KOSEF Enhanced Cash stock is extremely overbought on RSI14 (90). This increases the short-term risk substantially.
Our recommended stop-loss: ₩98,408.43 (-4.08%) (This stock has low daily movements and this gives low risk. The RSI14 is 90 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (130730.KS) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect KOSEF Enhanced Cash to open at ₩102,593.33, and during the day (based on 14 day Average True Range), to move between ₩102,557.43 and ₩102,622.57, which gives a possible trading interval of +/-₩32.57 (+/-0.03%) up or down from last closing price. If KOSEF Enhanced Cash takes out the full calculated possible swing range there will be an estimated 0.06% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₩102,335.00, some ₩255.00 (0.25%) from the current price of ₩102,590.00, our system finds the risk reward attractive.
Is KOSEF Enhanced Cash stock A Buy?
KOSEF Enhanced Cash holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.870 Hold/Accumulate Downgraded
Predicted Opening Price for KOSEF Enhanced Cash of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| ₩102,593.33 ( 0.0032%) | ₩102,590.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 130730.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 102,613.33 | 0.0227 % | |
| R2 | 102,605.69 | 0.0153 % | ||
| R1 | 102,600.97 | 0.0107 % | ||
| Current price: | 102,590.00 | |||
| Support | S1 | 102,585.69 | -0.0042 % | |
| S2 | 102,580.97 | -0.0088 % | ||
| S3 | 102,573.33 | -0.0162 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 102,590.00 | |||
| Support | S1 | 102,335.00 | -0.249% | |
| S2 | 102,090.00 | -0.487% | ||
| S3 | 101,730.00 | -0.84% |
130730 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Dec 27, 2023 | ₩3,700.00 | 3.65% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩1,400.00 | 1.38% |
| 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 | ₩1,700.00 | 1.69% |
| 5 | Dec 29, 2014 | Dec 29, 2014 | Dec 29, 2014 | ₩2,500.00 | 2.49% |
FAQ
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