KODEX KRW Cash Stock Forecast
KODEX KRW Cash stock price up 0.0091% on Tuesday
(Updated on Apr 30, 2024)
The KODEX KRW Cash stock price gained 0.0091% on the last trading day (Tuesday, 30th Apr 2024), rising from ₩109,415.00 to ₩109,425.00. It has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 0.0274% from a day low at ₩109,405.00 to a day high of ₩109,435.00. The price has risen in 9 of the last 10 days and is up by 0.11% 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, 26 thousand more shares were traded than the day before. In total, 38 thousand shares were bought and sold for approximately ₩4.13 billion.
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 KODEX KRW Cash stock with a 90% probability to be traded between ₩110,265.40 and ₩110,294.62 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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153130.KS Signals & Forecast
The KODEX KRW 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 ₩109,380.00 and ₩109,207.43. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, February 06, 2024, and so far it has risen 0.727%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. 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 KODEX KRW Cash stock
KODEX KRW Cash finds support from accumulated volume at ₩108,955.00 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 ₩30.00 between high and low, or 0.0274%. For the last week the stock has had daily average volatility of 0.0247%.
The KODEX KRW Cash stock is extremely overbought on RSI14 (97). This increases the short-term risk substantially. Since the KODEX KRW Cash has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: ₩103,623.93 (-5.30%) (This stock has low daily movements and this gives low risk. The RSI14 is 97 and this increases the risk substantially. There is a buy signal from a pivot bottom found 56 days ago.)
Trading Expectations (153130.KS) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect KODEX KRW Cash to open at ₩109,421.67, and during the day (based on 14 day Average True Range), to move between ₩109,395.15 and ₩109,454.85, which gives a possible trading interval of +/-₩29.85 (+/-0.03%) up or down from last closing price. If KODEX KRW Cash takes out the full calculated possible swing range there will be an estimated 0.05% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₩108,955.00, some ₩470.00 (0.43%) from the current price of ₩109,425.00, our system finds the risk reward attractive.
Is KODEX KRW Cash 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 KODEX KRW Cash stock to perform well in the short-term period.
Current score: 3.092 Buy Candidate Unchanged
Predicted Opening Price for KODEX KRW Cash of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| ₩109,421.67 ( 0.0030%) | ₩109,425.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 153130.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 109,451.67 | 0.0244 % | |
| R2 | 109,440.21 | 0.0139 % | ||
| R1 | 109,433.13 | 0.0074 % | ||
| Current price: | 109,425.00 | |||
| Support | S1 | 109,410.21 | -0.0135 % | |
| S2 | 109,403.13 | -0.0200 % | ||
| S3 | 109,391.67 | -0.0305 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 109,425.00 | |||
| Support | S1 | 108,955.00 | -0.430% | |
| S2 | 108,860.00 | -0.516% | ||
| S3 | 108,605.00 | -0.749% |
153130 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2018 | Dec 27, 2018 | Dec 27, 2018 | ₩1,670.00 | 1.67% |
| 2 | Dec 28, 2016 | Dec 28, 2016 | Dec 28, 2016 | ₩1,301.00 | 1.30% |
| 3 | Dec 29, 2015 | Dec 29, 2015 | Dec 29, 2015 | ₩1,773.00 | 1.77% |
| 4 | Dec 29, 2014 | Dec 29, 2014 | Dec 29, 2014 | ₩2,583.00 | 2.58% |
| 5 | Dec 27, 2013 | Dec 27, 2013 | Dec 27, 2013 | ₩2,552.00 | 2.55% |
FAQ
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