KODEX US S&P Dividend Covered Call Stock Forecast
Evaluation of KODEX US S&P Dividend Covered Call stock downgraded after the last trading session.
(Updated on May 02, 2024)
The KODEX US S&P Dividend Covered Call stock price fell by -0.348% on the last day (Thursday, 2nd May 2024) from ₩8,620.00 to ₩8,590.00. During the last trading day the stock fluctuated 0.99% from a day low at ₩8,590.00 to a day high of ₩8,675.00. The price has risen in 6 of the last 10 days and is up by 1.36% 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 -9 thousand shares and in total, 6 thousand shares were bought and sold for approximately ₩49.56 million.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect KODEX US S&P Dividend Covered Call stock with a 90% probability to be traded between ₩8,622.22 and ₩9,016.18 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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276970.KS Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 1.42%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The KODEX US S&P Dividend Covered Call stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ₩8,647.86. On a fall, the stock will find some support from the short-term average at ₩8,583.57. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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 KODEX US S&P Dividend Covered Call stock
KODEX US S&P Dividend Covered Call finds support from accumulated volume at ₩8,570.00 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 ₩85.00 between high and low, or 0.99%. For the last week the stock has had daily average volatility of 0.794%.
Our recommended stop-loss: ₩8,077.32 (-5.97%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (276970.KS) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect KODEX US S&P Dividend Covered Call to open at ₩8,618.33, and during the day (based on 14 day Average True Range), to move between ₩8,500.03 and ₩8,679.97, which gives a possible trading interval of +/-₩89.97 (+/-1.05%) up or down from last closing price. If KODEX US S&P Dividend Covered Call takes out the full calculated possible swing range there will be an estimated 2.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩8,570.00 (0.23%) than the resistance at ₩8,660.00 (0.81%), 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 US S&P Dividend Covered Call stock A Buy?
KODEX US S&P Dividend Covered Call 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 Buy to a Hold/Accumulate candidate.
Current score: 0.745 Hold/Accumulate Downgraded
Predicted Opening Price for KODEX US S&P Dividend Covered Call of Friday, May 3, 2024
Fair opening price May 3, 2024 | Current price |
---|---|
₩8,618.33 ( 0.330%) | ₩8,590.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 276970.KS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 8,703.33 | 1.32 % | |
R2 | 8,670.86 | 0.94 % | ||
R1 | 8,650.80 | 0.708 % | ||
Current price: | 8,590.00 | |||
Support | S1 | 8,585.86 | -0.0482 % | |
S2 | 8,565.80 | -0.282 % | ||
S3 | 8,533.33 | -0.660 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 8,730.00 | 1.63 % | |
R2 | 8,675.00 | 0.99 % | ||
R1 | 8,660.00 | 0.81 % | ||
Current price | 8,590.00 | |||
Support | S1 | 8,570.00 | -0.233% | |
S2 | 8,475.00 | -1.34% | ||
S3 | 8,400.00 | -2.21% |
276970 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 19, 2024 | Mar 19, 2024 | Mar 22, 2024 | ₩130.00 | 1.50% |
2 | Dec 19, 2023 | Dec 19, 2023 | Dec 19, 2023 | ₩131.00 | 1.54% |
3 | Sep 19, 2023 | Sep 19, 2023 | Sep 19, 2023 | ₩135.00 | 1.53% |
4 | Jun 20, 2023 | Jun 20, 2023 | Jun 20, 2023 | ₩139.00 | 1.54% |
5 | Mar 21, 2023 | Mar 21, 2023 | Mar 21, 2023 | ₩135.00 | 1.51% |
FAQ
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