KINDEX Synth- Dow Jones US Real Estate Stock Forecast
KINDEX Synth- Dow Jones US Real Estate stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on Jun 14, 2024)
The KINDEX Synth- Dow Jones US Real Estate stock price gained 0.479% on the last trading day (Friday, 14th Jun 2024), rising from ₩77,240.00 to ₩77,610.00. During the last trading day the stock fluctuated 0.525% from a day low at ₩77,205.00 to a day high of ₩77,610.00. The price has risen in 6 of the last 10 days and is up by 4.25% 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, 128 more shares were traded than the day before. In total, 194 shares were bought and sold for approximately ₩15.06 million.
The stockhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is ₩77,599.20, a level that may pose a second chance to hit a runner. According to fan-theory ₩84,679.31 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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181480.KS Signals & Forecast
The KINDEX Synth- Dow Jones US Real Estate 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 ₩76,895.71 and ₩75,608.57. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -0.780%. 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).
Support, Risk & Stop-loss for KINDEX Synth- Dow Jones US Real Estate stock
KINDEX Synth- Dow Jones US Real Estate finds support from accumulated volume at ₩76,500.00 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 ₩405.00 between high and low, or 0.525%. For the last week the stock has had daily average volatility of 0.358%.
Our recommended stop-loss: ₩74,398.22 (-4.14%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 34 days ago.)
Trading Expectations (181480.KS) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect KINDEX Synth- Dow Jones US Real Estate (H) ETF to open at ₩77,475.00, and during the day (based on 14 day Average True Range), to move between ₩76,850.46 and ₩78,369.54, which gives a possible trading interval of +/-₩759.54 (+/-0.98%) up or down from last closing price. If KINDEX Synth- Dow Jones US Real Estate (H) ETF takes out the full calculated possible swing range there will be an estimated 1.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩77,970.00 (0.46%) than the support at ₩76,500.00 (1.43%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is KINDEX Synth- Dow Jones US Real Estate (H) ETF stock A Buy?
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.409 Buy Candidate Upgraded
Predicted Opening Price for KINDEX Synth- Dow Jones US Real Estate (H) ETF of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| ₩77,475.00 ( 0.174%) | ₩77,610.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 181480.KS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 77,880.00 | 0.348% |
| R2 | 77,725.29 | 0.149% |
| R1 | 77,629.71 | 0.0254% |
| Price | 77,610.00 | |
| S1 | 77,320.29 | -0.373% |
| S2 | 77,224.71 | -0.496% |
| S3 | 77,070.00 | -0.696% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 78,285.00 | 0.87% |
| R2 | 78,110.00 | 0.644% |
| R1 | 77,970.00 | 0.464% |
| Price | 77,610.00 | |
| S1 | 76,500.00 | -1.43% |
| S2 | 75,480.00 | -2.74% |
| S3 | 73,400.00 | -5.42% |
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