KB Asset Management Co., Ltd. - KB Stock Forecast
Stronger technical forecast for KB Asset Management Co., Ltd. - KB stock price after Friday trading.
(Updated on May 17, 2024)
The KB Asset Management Co., Ltd. - KB stock price gained 0.269% on the last trading day (Friday, 17th May 2024), rising from ₩27,880.00 to ₩27,955.00. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.86% from a day low at ₩27,920.00 to a day high of ₩28,160.00. The price has risen in 7 of the last 10 days and is up by 5.63% over the past 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 2 thousand shares were bought and sold for approximately ₩55.24 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 has broken the horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. ₩27,787.62 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach ₩30,278.34 sometime during the next 3 months.
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276650.KS Signals & Forecast
Mostly positive signals in the chart today. The KB Asset Management Co., Ltd. - KB 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 ₩27,364.29 and ₩26,841.29. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 23, 2024, and so far it has risen 10.73%. 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. - KB stock
KB Asset Management Co., Ltd. - KB finds support from accumulated volume at ₩27,215.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₩240.00 between high and low, or 0.86%. For the last week, the stock has had daily average volatility of 0.92%.
The KB Asset Management Co., Ltd. - KB stock is extremely overbought on RSI14 (78). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stop-loss: ₩26,874.11 (-3.87%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 78 and this increases the risk substantially. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (276650.KS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect KB Asset Management Co., Ltd. - KB KBStar Global 4th Index Reverse Fund to open at ₩28,011.67, and during the day (based on 14 day Average True Range), to move between ₩27,508.81 and ₩28,401.19, which gives a possible trading interval of +/-₩446.19 (+/-1.60%) up or down from last closing price. If KB Asset Management Co., Ltd. - KB KBStar Global 4th Index Reverse Fund takes out the full calculated possible swing range there will be an estimated 3.19% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₩27,215.00, some ₩740.00 (2.65%) from the current price of ₩27,955.00, our system finds the risk reward attractive.
Is KB Asset Management Co., Ltd. - KB KBStar Global 4th Index Reverse Fund stock A Buy?
Several short-term signals are positive and the stock has broken the horizontal trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for KB Asset Management Co., Ltd. - KB stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.943 Buy Candidate Upgraded
Predicted Opening Price for KB Asset Management Co., Ltd. - KB KBStar Global 4th Index Reverse Fund of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ₩28,011.67 ( 0.203%) | ₩27,955.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 276650.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28,251.67 | 1.06 % | |
| R2 | 28,159.99 | 0.733 % | ||
| R1 | 28,103.35 | 0.531 % | ||
| Current price: | 27,955.00 | |||
| Support | S1 | 27,919.99 | -0.125 % | |
| S2 | 27,863.35 | -0.328 % | ||
| S3 | 27,771.67 | -0.656 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 27,955.00 | |||
| Support | S1 | 27,215.00 | -2.65% | |
| S2 | 27,140.00 | -2.92% | ||
| S3 | 26,115.00 | -6.58% |
FAQ
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