KINDEX Synth- Dow Jones US Real Estate Stock Forecast
KINDEX Synth- Dow Jones US Real Estate stock upgraded to Buy Candidate.
(Updated on Jun 25, 2024)
The KINDEX Synth- Dow Jones US Real Estate stock price gained 1.03% on the last trading day (Tuesday, 25th Jun 2024), rising from ₩77,185.00 to ₩77,980.00. It has now gained 3 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 0.328% from a day low at ₩77,725.00 to a day high of ₩77,980.00. The price has risen in 6 of the last 10 days and is up by 2.03% over the past 2 weeks. Volume fell on the last day by -911 shares and in total, 142 shares were bought and sold for approximately ₩11.07 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at ₩78,340.94 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect KINDEX Synth- Dow Jones US Real Estate stock with a 90% probability to be traded between ₩72,073.20 and ₩78,616.35 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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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 ₩77,135.71 and ₩76,351.71. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. 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 -0.307%. Further fall is indicated until a new bottom pivot has been found.
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 ₩255.00 between high and low, or 0.328%. For the last week the stock has had daily average volatility of 0.576%.
Our recommended stop-loss: ₩75,368.55 (-3.35%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 41 days ago.)
Trading Expectations (181480.KS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect KINDEX Synth- Dow Jones US Real Estate (H) ETF to open at ₩77,895.00, and during the day (based on 14 day Average True Range), to move between ₩77,256.03 and ₩78,703.97, which gives a possible trading interval of +/-₩723.97 (+/-0.93%) 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 1.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩78,110.00 (0.17%) than the support at ₩76,500.00 (1.90%), 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 we conclude that the current level may hold a buying opportunity, as there is a fair chance for KINDEX Synth- Dow Jones US Real Estate stock to perform well in 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: 2.262 Buy Candidate Upgraded
Predicted Opening Price for KINDEX Synth- Dow Jones US Real Estate (H) ETF of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ₩77,895.00 ( 0.109%) | ₩77,980.00 |
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 | 78,150.00 | 0.218% |
| R2 | 78,052.59 | 0.0931% |
| R1 | 77,992.41 | 0.0159% |
| Price | 77,980.00 | |
| S1 | 77,797.59 | -0.234% |
| S2 | 77,737.41 | -0.311% |
| S3 | 77,640.00 | -0.436% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 78,285.00 | 0.391% |
| R2 | 78,220.00 | 0.308% |
| R1 | 78,110.00 | 0.167% |
| Price | 77,980.00 | |
| S1 | 76,500.00 | -1.90% |
| S2 | 75,480.00 | -3.21% |
| S3 | 73,400.00 | -5.87% |
FAQ
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