KB Asset Management Co., Ltd. - US Stock Forecast
Stronger technical forecast for KB Asset Management Co., Ltd. - US stock price after Friday trading.
(Updated on May 10, 2024)
The KB Asset Management Co., Ltd. - US stock price gained 0.556% on the last trading day (Friday, 10th May 2024), rising from ₩10,795.00 to ₩10,855.00. During the last trading day the stock fluctuated 1.40% from a day low at ₩10,705.00 to a day high of ₩10,855.00. The price has fallen in 6 of the last 10 days and is down by -0.5% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 20 more shares were traded than the day before. In total, 22 shares were bought and sold for approximately ₩238.81 thousand.
The stock lies in the middle of a 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 5.22% during the next 3 months and, with a 90% probability hold a price between ₩11,166.96 and ₩11,837.07 at the end of this 3-month period.
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267450.KS Signals & Forecast
The KB Asset Management Co., Ltd. - US stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₩10,923.57. On a fall, the stock will find some support from the long-term average at approximately ₩10,808.86. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. KB Asset Management Co., Ltd. - US has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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, April 25, 2024, and so far it has fallen -2.78%. 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 KB Asset Management Co., Ltd. - US stock
KB Asset Management Co., Ltd. - US finds support from accumulated volume at ₩10,595.00 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 ₩150.00 between high and low, or 1.40%. For the last week the stock has had daily average volatility of 0.556%.
Our recommended stop-loss: ₩10,350.15 (-4.65%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (267450.KS) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect KB Asset Management Co., Ltd. - US Treasury Long Bond Futures Inverse ETF to open at ₩10,805.00, and during the day (based on 14 day Average True Range), to move between ₩10,750.49 and ₩10,959.51, which gives a possible trading interval of +/-₩104.51 (+/-0.96%) up or down from last closing price. If KB Asset Management Co., Ltd. - US Treasury Long Bond Futures Inverse ETF takes out the full calculated possible swing range there will be an estimated 1.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩10,900.00 (0.41%) than the support at ₩10,595.00 (2.40%), 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 KB Asset Management Co., Ltd. - US Treasury Long Bond Futures Inverse ETF stock A Buy?
Several short-term signals, along with a general good trend, 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. - US stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.559 Buy Candidate Upgraded
Predicted Opening Price for KB Asset Management Co., Ltd. - US Treasury Long Bond Futures Inverse ETF of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| ₩10,805.00 ( 0.461%) | ₩10,855.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 267450.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10,955.00 | 0.92 % | |
| R2 | 10,897.70 | 0.393 % | ||
| R1 | 10,862.30 | 0.0673 % | ||
| Current price: | 10,855.00 | |||
| Support | S1 | 10,747.70 | -0.99 % | |
| S2 | 10,712.30 | -1.31 % | ||
| S3 | 10,655.00 | -1.84 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11,160.00 | 2.81 % | |
| R2 | 11,080.00 | 2.07 % | ||
| R1 | 10,900.00 | 0.415 % | ||
| Current price | 10,855.00 | |||
| Support | S1 | 10,595.00 | -2.40% | |
| S2 | 10,310.00 | -5.02% | ||
| S3 | 10,235.00 | -5.71% |
FAQ
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