KINDEX Japan Leverage ETF Stock Forecast
Green day on Friday for KINDEX Japan Leverage ETF
(Updated on May 17, 2024)
The KINDEX Japan Leverage ETF stock price gained 0.697% on the last trading day (Friday, 17th May 2024), rising from ₩43,745.00 to ₩44,050.00. During the last trading day the stock fluctuated 1.77% from a day low at ₩43,600.00 to a day high of ₩44,370.00. The price has been going up and down for this period, and there has been a -0.45% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 663 more shares were traded than the day before. In total, 1 thousand shares were bought and sold for approximately ₩63.39 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.33% during the next 3 months and, with a 90% probability hold a price between ₩43,446.23 and ₩49,840.05 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
196030.KS Signals & Forecast
The KINDEX Japan Leverage 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 ₩43,547.86 and ₩43,351.00. 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 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 Tuesday, May 07, 2024, and so far it has fallen -0.665%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Monday, May 13, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Monday, May 13, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for KINDEX Japan Leverage ETF stock
KINDEX Japan Leverage ETF finds support from accumulated volume at ₩43,450.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ₩770.00 (1.77%) between high and low. For the last week, the stock has had daily average volatility of 1.88%.
Our recommended stop-loss: ₩42,247.05 (-4.09%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (196030.KS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect KINDEX Japan Leverage ETF to open at ₩44,006.67, and during the day (based on 14 day Average True Range), to move between ₩42,780.69 and ₩45,319.31, which gives a possible trading interval of +/-₩1,269.31 (+/-2.88%) up or down from last closing price. If KINDEX Japan Leverage ETF takes out the full calculated possible swing range there will be an estimated 5.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩44,485.00 (0.99%) than the support at ₩43,450.00 (1.36%), 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 Japan Leverage ETF stock A Buy?
KINDEX Japan Leverage ETF holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 7.519 Strong Buy Candidate Unchanged
Predicted Opening Price for KINDEX Japan Leverage ETF of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
₩44,006.67 ( 0.0984%) | ₩44,050.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 196030.KS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 44,776.67 | 1.65 % | |
R2 | 44,482.53 | 0.98 % | ||
R1 | 44,300.81 | 0.569 % | ||
Current price: | 44,050.00 | |||
Support | S1 | 43,712.53 | -0.766 % | |
S2 | 43,530.81 | -1.18 % | ||
S3 | 43,236.67 | -1.85 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 44,575.00 | 1.19 % | |
R2 | 44,495.00 | 1.01 % | ||
R1 | 44,485.00 | 0.99 % | ||
Current price | 44,050.00 | |||
Support | S1 | 43,450.00 | -1.36% | |
S2 | 41,325.00 | -6.19% | ||
S3 | 40,880.00 | -7.20% |
FAQ
Click here for our free guide on how to buy KINDEX Japan Leverage ETF Stock.