KODEX MSCI Quality Stock Forecast
KODEX MSCI Quality stock downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 17, 2024)
The KODEX MSCI Quality stock price fell by -1.11% on the last day (Friday, 17th May 2024) from ₩9,435.00 to ₩9,330.00. During the last trading day the stock fluctuated 0.536% from a day low at ₩9,330.00 to a day high of ₩9,380.00. The price has been going up and down for this period, and there has been a 0.76% gain for the last 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 -3 thousand shares and in total, 7 shares were bought and sold for approximately ₩65.31 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 4.19% during the next 3 months and, with a 90% probability hold a price between ₩9,604.43 and ₩10,179.11 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.
275300.KS Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The KODEX MSCI Quality stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ₩9,372.14 and ₩9,365.57. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 08, 2024, and so far it has fallen -1.69%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for KODEX MSCI Quality stock
KODEX MSCI Quality finds support from accumulated volume at ₩9,275.00 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved ₩50.00 between high and low, or 0.536%. For the last week the stock has had daily average volatility of 0.405%
Our recommended stop-loss: ₩8,910.89 (-4.49%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (275300.KS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect KODEX MSCI Quality to open at ₩9,346.67, and during the day (based on 14 day Average True Range), to move between ₩9,228.66 and ₩9,431.34, which gives a possible trading interval of +/-₩101.34 (+/-1.09%) up or down from last closing price. If KODEX MSCI Quality takes out the full calculated possible swing range there will be an estimated 2.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩9,275.00 (0.59%) than the resistance at ₩9,405.00 (0.80%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is KODEX MSCI Quality stock A Buy?
KODEX MSCI Quality holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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 Buy to a Hold/Accumulate candidate.
Current score: 0.646 Hold/Accumulate Downgraded
Predicted Opening Price for KODEX MSCI Quality of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
₩9,346.67 ( 0.179%) | ₩9,330.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 275300.KS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 9,396.67 | 0.715 % | |
R2 | 9,377.57 | 0.510 % | ||
R1 | 9,365.77 | 0.383 % | ||
Current price: | 9,330.00 | |||
Support | S1 | 9,327.57 | -0.0261 % | |
S2 | 9,315.77 | -0.153 % | ||
S3 | 9,296.67 | -0.357 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 9,570.00 | 2.57 % | |
R2 | 9,415.00 | 0.91 % | ||
R1 | 9,405.00 | 0.80 % | ||
Current price | 9,330.00 | |||
Support | S1 | 9,275.00 | -0.589% | |
S2 | 9,210.00 | -1.29% | ||
S3 | 9,035.00 | -3.16% |
275300 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 29, 2024 | Apr 29, 2024 | May 03, 2024 | ₩185.00 | 2.00% |
2 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | ₩150.00 | 1.88% |
3 | Apr 28, 2022 | Apr 28, 2022 | Apr 28, 2022 | ₩100.00 | 1.14% |
FAQ
Click here for our free guide on how to buy KODEX MSCI Quality Stock.