KB Asset Management Co. Ltd - KBStar Stock Forecast
KB Asset Management Co. Ltd - KBStar stock upgraded from Sell Candidate to Buy Candidate after Monday trading session.
(Updated on May 20, 2024)
The KB Asset Management Co. Ltd - KBStar stock price gained 1.55% on the last trading day (Monday, 20th May 2024), rising from ₩13,895.00 to ₩14,110.00. During the last trading day the stock fluctuated 2.02% from a day low at ₩13,895.00 to a day high of ₩14,175.00. The price has risen in 6 of the last 10 days and is up by 3.94% over the past 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 40 thousand shares were bought and sold for approximately ₩569.17 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 stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect KB Asset Management Co. Ltd - KBStar stock with a 90% probability to be traded between ₩13,240.98 and ₩14,326.50 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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266160.KS Signals & Forecast
Mostly positive signals in the chart today. The KB Asset Management Co. Ltd - KBStar 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 ₩13,949.29 and ₩13,887.29. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 5.30%. Further rise is indicated until a new top pivot has been found. 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.
Support, Risk & Stop-loss for KB Asset Management Co. Ltd - KBStar stock
KB Asset Management Co. Ltd - KBStar finds support from accumulated volume at ₩14,095.00 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 ₩280.00 between high and low, or 2.02%. For the last week the stock has had daily average volatility of 1.21%.
Our recommended stop-loss: ₩13,641.55 (-3.32%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 43 days ago.)
Trading Expectations (266160.KS) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect KB Asset Management Co. Ltd - KBStar High Dividend ETF Fund to open at ₩14,060.00, and during the day (based on 14 day Average True Range), to move between ₩13,880.91 and ₩14,339.09, which gives a possible trading interval of +/-₩229.09 (+/-1.62%) up or down from last closing price. If KB Asset Management Co. Ltd - KBStar High Dividend ETF Fund takes out the full calculated possible swing range there will be an estimated 3.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩14,095.00 (0.11%) than the resistance at ₩14,170.00 (0.43%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is KB Asset Management Co. Ltd - KBStar High Dividend ETF Fund 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 KB Asset Management Co. Ltd - KBStar stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.969 Buy Candidate Upgraded
Predicted Opening Price for KB Asset Management Co. Ltd - KBStar High Dividend ETF Fund of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| ₩14,060.00 ( 0.354%) | ₩14,110.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 266160.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14,340.00 | 1.63 % | |
| R2 | 14,233.04 | 0.87 % | ||
| R1 | 14,166.96 | 0.404 % | ||
| Current price: | 14,110.00 | |||
| Support | S1 | 13,953.04 | -1.11 % | |
| S2 | 13,886.96 | -1.58 % | ||
| S3 | 13,780.00 | -2.34 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14,280.00 | 1.20 % | |
| R2 | 14,200.00 | 0.638 % | ||
| R1 | 14,170.00 | 0.425 % | ||
| Current price | 14,110.00 | |||
| Support | S1 | 14,095.00 | -0.106% | |
| S2 | 14,040.00 | -0.496% | ||
| S3 | 13,975.00 | -0.96% |
266160 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | May 03, 2024 | ₩405.00 | 2.99% |
| 2 | Jan 30, 2024 | Jan 30, 2024 | Feb 02, 2024 | ₩20.00 | 0.147% |
| 3 | Oct 30, 2023 | Oct 30, 2023 | Oct 30, 2023 | ₩56.00 | 0.490% |
| 4 | Jul 28, 2023 | Jul 28, 2023 | Jul 28, 2023 | ₩50.00 | 0.419% |
| 5 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | ₩365.00 | 3.21% |
FAQ
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