Kyobo AXA Power K100 ETF Stock Forecast
High volatility in Kyobo AXA Power K100 ETF stock price on Friday which ended trading at ₩37,115.00
(Updated on Jun 14, 2024)
The Kyobo AXA Power K100 ETF stock price gained 30.00% on the last trading day (Friday, 14th Jun 2024), rising from ₩28,550.00 to ₩37,115.00. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 30.55% from a day low at ₩28,430.00 to a day high of ₩37,115.00. The price has risen in 8 of the last 10 days and is up by 36.48% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 15 thousand more shares were traded than the day before. In total, 15 thousand shares were bought and sold for approximately ₩547.37 million.
The stock has broken the horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. ₩29,245.50 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach ₩31,288.12 sometime during the next 3 months.
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140950.KS Signals & Forecast
The Kyobo AXA Power K100 ETF 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 ₩29,392.14 and ₩28,208.43. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 36.48%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
A buy signal from a double bottom formation was found on Thursday, May 30, 2024 with a target of ₩29,120.38. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for Kyobo AXA Power K100 ETF stock
On the downside, the stock finds support just below today's level from accumulated volume at ₩29,085.00 and ₩28,600.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Kyobo AXA Power K100 ETF finds support just below today's level at ₩29,085.00. If this is broken, then the next support from accumulated volume will be at ₩28,600.00 and ₩28,160.00.
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 ₩8,685.00 between high and low, or 30.55%. For the last week the stock has had daily average volatility of 6.82%.
The Kyobo AXA Power K100 ETF stock is extremely overbought on RSI14 (88). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stop-loss: ₩35,170.17 (-5.24%) (This stock has low daily movements and this gives low risk. The RSI14 is 88 and this increases the risk substantially. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (140950.KS) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Kyobo AXA Power K100 ETF to open at ₩34,220.00, and during the day (based on 14 day Average True Range), to move between ₩36,105.45 and ₩38,124.55, which gives a possible trading interval of +/-₩1,009.55 (+/-2.72%) 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 5.44% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₩29,085.00, some ₩8,030.00 (21.64%) from the current price of ₩37,115.00, our system finds the risk reward attractive.
Is Kyobo AXA Power K100 ETF stock A Buy?
Kyobo AXA Power K100 ETF holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Kyobo AXA Power K100 ETF of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| ₩34,220.00 ( 7.80%) | ₩37,115.00 |
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 | 42,905.00 | 15.60% |
| R2 | 39,587.33 | 6.66% |
| R1 | 37,537.67 | 1.14% |
| Price | 37,115.00 | |
| S1 | 30,902.33 | -16.74% |
| S2 | 28,852.67 | -22.26% |
| S3 | 25,535.00 | -31.20% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 37,115.00 | |
| S1 | 29,085.00 | -21.64% |
| S2 | 28,600.00 | -22.94% |
| S3 | 28,160.00 | -24.13% |
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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