Kb Kbstar Short Term Ktb Etf Stock Forecast
Weaker technical forecast for Kb Kbstar Short Term Ktb Etf as stock downgraded to Hold/Accumulate.
(Updated on Apr 26, 2024)
The Kb Kbstar Short Term Ktb Etf stock price fell by -0.0046% on the last day (Friday, 26th Apr 2024) from ₩108,715.00 to ₩108,710.00. During the last trading day the stock fluctuated 0.0138% from a day low at ₩108,700.00 to a day high of ₩108,715.00. The price has risen in 5 of the last 10 days and is up by 0.07% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -647 shares and in total, 916 shares were bought and sold for approximately ₩99.58 million.
The stock is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at ₩108,696.51 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Kb Kbstar Short Term Ktb Etf stock with a 90% probability to be traded between ₩109,578.12 and ₩109,682.30 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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272560.KS Signals & Forecast
The Kb Kbstar Short Term Ktb 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 ₩108,687.14 and ₩108,527.71. A breakdown below any of these levels will issue sell signals. 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 -0.0046%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Kb Kbstar Short Term Ktb Etf stock
Kb Kbstar Short Term Ktb Etf finds support from accumulated volume at ₩108,630.00 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 ₩15.00 between high and low, or 0.0138%. For the last week the stock has had daily average volatility of 0.0156%.
Our recommended stop-loss: ₩104,202.07 (-4.15%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (272560.KS) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Kb Kbstar Short Term Ktb Etf to open at ₩108,708.33, and during the day (based on 14 day Average True Range), to move between ₩108,685.69 and ₩108,734.31, which gives a possible trading interval of +/-₩24.31 (+/-0.02%) up or down from last closing price. If Kb Kbstar Short Term Ktb Etf takes out the full calculated possible swing range there will be an estimated 0.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩108,715.00 (0.00%) than the support at ₩108,630.00 (0.07%), 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 Kbstar Short Term Ktb Etf stock A Buy?
Kb Kbstar Short Term Ktb Etf 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Hold/Accumulate candidate.
Current score: 0.691 Hold/Accumulate Downgraded
Predicted Opening Price for Kb Kbstar Short Term Ktb Etf of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| ₩108,708.33 ( 0.0015%) | ₩108,710.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 272560.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 108,723.33 | 0.0123 % | |
| R2 | 108,717.60 | 0.0070 % | ||
| R1 | 108,714.06 | 0.0037 % | ||
| Current price: | 108,710.00 | |||
| Support | S1 | 108,702.60 | -0.0068 % | |
| S2 | 108,699.06 | -0.0101 % | ||
| S3 | 108,693.33 | -0.0153 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 108,715.00 | 0.0046 % | ||
| Current price | 108,710.00 | |||
| Support | S1 | 108,630.00 | -0.0736% | |
| S2 | 108,305.00 | -0.373% | ||
| S3 | 108,035.00 | -0.621% |
272560 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩1,980.00 | 1.98% |
FAQ
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