KOSEF USD Inverse Futures Stock Forecast
KOSEF USD Inverse Futures stock price ended at ₩8,530.00 on Friday, after losing 0.409%.
(Updated on May 31, 2024)
The KOSEF USD Inverse Futures stock price fell by -0.409% on the last day (Friday, 31st May 2024) from ₩8,565.00 to ₩8,530.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 0.587% from a day low at ₩8,520.00 to a day high of ₩8,570.00. The price has fallen in 6 of the last 10 days and is down by -2.18% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -467 shares and in total, 749 shares were bought and sold for approximately ₩6.39 million.
The stock lies in the middle of a narrow and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.70% during the next 3 months and, with a 90% probability hold a price between ₩8,004.54 and ₩8,385.96 at the end of this 3-month period. 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.
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139660.KS Signals & Forecast
There are few to no technical positive signals at the moment. The KOSEF USD Inverse Futures 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 ₩8,633.57 and ₩8,627.43. 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 -2.74%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for KOSEF USD Inverse Futures stock
KOSEF USD Inverse Futures finds support from accumulated volume at ₩8,525.00 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 ₩50.00 between high and low, or 0.587%. For the last week the stock has had daily average volatility of 0.407%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (139660.KS) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect KOSEF USD Inverse Futures to open at ₩8,540.00, and during the day (based on 14 day Average True Range), to move between ₩8,476.90 and ₩8,583.10, which gives a possible trading interval of +/-₩53.10 (+/-0.62%) up or down from last closing price. If KOSEF USD Inverse Futures takes out the full calculated possible swing range there will be an estimated 1.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩8,525.00 (0.06%) than the resistance at ₩8,565.00 (0.41%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is KOSEF USD Inverse Futures stock A Buy?
KOSEF USD Inverse Futures holds several negative signals and is within a narrow and 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.
Current score: -5.240 Strong Sell Candidate Unchanged
Predicted Opening Price for KOSEF USD Inverse Futures of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| ₩8,540.00 ( 0.117%) | ₩8,530.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 139660.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8,590.00 | 0.703 % | |
| R2 | 8,570.90 | 0.479 % | ||
| R1 | 8,559.10 | 0.341 % | ||
| Current price: | 8,530.00 | |||
| Support | S1 | 8,520.90 | -0.107 % | |
| S2 | 8,509.10 | -0.245 % | ||
| S3 | 8,490.00 | -0.469 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9,020.00 | 5.74 % | |
| R2 | 8,670.00 | 1.64 % | ||
| R1 | 8,565.00 | 0.410 % | ||
| Current price | 8,530.00 | |||
| Support | S1 | 8,525.00 | -0.0586% | |
| S2 | 8,480.00 | -0.586% | ||
| S3 | 0 | . |
FAQ
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