KODEX KRW Cash Stock Forecast
KODEX KRW Cash stock price down 0% on Friday
(Updated on May 17, 2024)
No changes to the price of KODEX KRW Cash stock on the last trading day (Friday, 17th May 2024). During the last trading day the stock fluctuated 0.0182% from a day low at ₩109,620.00 to a day high of ₩109,640.00. The price has risen in 8 of the last 10 days and is up by 0.18% over the past 2 weeks.
The stockis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at ₩109,639.40 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect KODEX KRW Cash stock with a 90% probability to be traded between ₩110,417.23 and ₩110,495.63 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 ₩109,566.43 and ₩109,349.43. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. 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 Thursday, May 16, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for KODEX KRW Cash stock
KODEX KRW Cash finds support from accumulated volume at ₩109,250.00 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 0.0182%. For the last week the stock has had daily average volatility of 0.0256%.
Our recommended stop-loss: ₩104,085.65 (-5.05%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (153130.KS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect KODEX KRW Cash to open at ₩109,628.33, and during the day (based on 14 day Average True Range), to move between ₩109,594.77 and ₩109,655.23, which gives a possible trading interval of +/-₩30.23 (+/-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 0.06% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₩109,250.00, some ₩375.00 (0.34%) from the current price of ₩109,625.00, 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: 1.039 Buy Candidate Unchanged
Predicted Opening Price for KODEX KRW Cash of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ₩109,628.33 ( 0.0030%) | ₩109,625.00 |
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 | 109,648.33 | 0.0213 % | |
| R2 | 109,640.69 | 0.0143 % | ||
| R1 | 109,635.97 | 0.0100 % | ||
| Current price: | 109,625.00 | |||
| Support | S1 | 109,620.69 | -0.0039 % | |
| S2 | 109,615.97 | -0.0082 % | ||
| S3 | 109,608.33 | -0.0152 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 109,625.00 | |||
| Support | S1 | 109,250.00 | -0.342% | |
| S2 | 108,955.00 | -0.611% | ||
| S3 | 108,860.00 | -0.698% |
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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