KStar Short-term MSB ETF (Bond) Stock Forecast

Green day on Friday for KStar Short-term MSB ETF (Bond) stock after gaining 0.0225%
(Updated on Apr 26, 2024)

196230.KS Signals & Forecast

The KStar Short-term MSB ETF (Bond) 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 ₩111,315.00 and ₩111,130.00. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 09, 2024, and so far it has risen 0.144%. 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 KStar Short-term MSB ETF (Bond) stock

KStar Short-term MSB ETF (Bond) finds support from accumulated volume at ₩110,770.00 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 ₩10.00 between high and low, or 0.0090%. For the last week the stock has had daily average volatility of 0.0135%.

The KStar Short-term MSB ETF (Bond) stock is extremely overbought on RSI14 (85). This increases the short-term risk substantially. Since the KStar Short-term MSB ETF (Bond) has been rising for 10 days in a row, the risk over the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.

Our recommended stop-loss: ₩104,570.17 (-6.09%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)

Trading Expectations (196230.KS) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect KStar Short-term MSB ETF (Bond) to open at ₩111,351.67, and during the day (based on 14 day Average True Range), to move between ₩111,195.70 and ₩111,514.30, which gives a possible trading interval of +/-₩159.30 (+/-0.14%) up or down from last closing price. If KStar Short-term MSB ETF (Bond) takes out the full calculated possible swing range there will be an estimated 0.29% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ ₩110,770.00, some ₩585.00 (0.53%) from the current price of ₩111,355.00, our system finds the risk reward attractive.

Is KStar Short-term MSB ETF (Bond) stock A Buy?

KStar Short-term MSB ETF (Bond) holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for KStar Short-term MSB ETF (Bond) of Monday, April 29, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.