Kyobo AXA Power K100 ETF Stock Forecast
Kyobo AXA Power K100 ETF stock price down 0.90% on Monday
(Updated on Jun 24, 2024)
The Kyobo AXA Power K100 ETF stock price fell by -0.90% on the last day (Monday, 24th Jun 2024) from ₩29,000.00 to ₩28,740.00. During the last trading day the stock fluctuated 0.84% from a day low at ₩28,645.00 to a day high of ₩28,885.00. The price has risen in 7 of the last 10 days and is up by 2.99% over the past 2 weeks. 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 -33 shares and in total, 531 shares were bought and sold for approximately ₩15.26 million.
The stock is at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at ₩28,427.71 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Kyobo AXA Power K100 ETF stock with a 90% probability to be traded between ₩28,731.22 and ₩37,550.93 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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140950.KS Signals & Forecast
The Kyobo AXA Power K100 ETF stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₩30,044.29. On a fall, the stock will find some support from the long-term average at approximately ₩28,406.29. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 1.22%. Further rise is indicated until a new top pivot has been found. 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. 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 Kyobo AXA Power K100 ETF stock
Kyobo AXA Power K100 ETF finds support from accumulated volume at ₩28,640.00 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₩240.00 between high and low, or 0.84%. For the last week, the stock has had daily average volatility of 0.708%.
Our recommended stop-loss: ₩27,130.62 (-5.60%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (140950.KS) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Kyobo AXA Power K100 ETF to open at ₩28,756.67, and during the day (based on 14 day Average True Range), to move between ₩27,547.84 and ₩29,932.16, which gives a possible trading interval of +/-₩1,192.16 (+/-4.15%) up or down from last closing price. If Kyobo AXA Power K100 ETF takes out the full calculated possible swing range there will be an estimated 8.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩28,640.00 (0.35%) than the resistance at ₩29,000.00 (0.90%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Kyobo AXA Power K100 ETF 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 Kyobo AXA Power K100 ETF stock to perform well in the short-term period.
Current score: 3.703 Buy Candidate Unchanged
Predicted Opening Price for Kyobo AXA Power K100 ETF of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| ₩28,756.67 ( 0.0580%) | ₩28,740.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 140950.KS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 28,996.67 | 0.89% |
| R2 | 28,904.99 | 0.574% |
| R1 | 28,848.35 | 0.377% |
| Price | 28,740.00 | |
| S1 | 28,664.99 | -0.261% |
| S2 | 28,608.35 | -0.458% |
| S3 | 28,516.67 | -0.777% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 29,305.00 | 1.97% |
| R2 | 29,115.00 | 1.30% |
| R1 | 29,000.00 | 0.90% |
| Price | 28,740.00 | |
| S1 | 28,640.00 | -0.348% |
| S2 | 28,395.00 | -1.20% |
| S3 | 27,585.00 | -4.02% |
140950 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | May 03, 2024 | ₩440.00 | 1.59% |
| 2 | Oct 30, 2023 | Oct 30, 2023 | Oct 30, 2023 | ₩30.00 | 0.127% |
| 3 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | ₩400.00 | 1.63% |
| 4 | Oct 28, 2022 | Oct 28, 2022 | Oct 28, 2022 | ₩86.00 | 0.385% |
| 5 | Apr 27, 2018 | Apr 27, 2018 | Apr 27, 2018 | ₩390.00 | 1.58% |
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