KB Asset Management Co., Ltd. - KBStar Stock Forecast
KB Asset Management Co., Ltd. - KBStar stock downgraded from Strong Buy Candidate to Buy Candidate after Friday trading session.
(Updated on May 10, 2024)
The KB Asset Management Co., Ltd. - KBStar stock price fell by -0.706% on the last day (Friday, 10th May 2024) from ₩13,460.00 to ₩13,365.00. During the last trading day the stock fluctuated 2.55% from a day low at ₩13,310.00 to a day high of ₩13,650.00. The price has been going up and down for this period, and there has been a 1.4% gain for the last 2 weeks. Volume has increased on the last day by 5 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 8 thousand shares were bought and sold for approximately ₩104.37 million.
The stock lies in the upper part of a strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at ₩13,510.00 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 27.93% during the next 3 months and, with a 90% probability hold a price between ₩16,049.01 and ₩17,283.64 at the end of this 3-month period.
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285010.KS Signals & Forecast
The KB Asset Management Co., Ltd. - KBStar 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 ₩13,156.43 and ₩12,516.86. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, May 09, 2024, and so far it has fallen -0.706%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Thursday, February 01, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Thursday, February 01, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for KB Asset Management Co., Ltd. - KBStar stock
On the downside, the stock finds support just below today's level from accumulated volume at ₩12,125.00 and ₩12,085.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, KB Asset Management Co., Ltd. - KBStar finds support just below today's level at ₩12,125.00. If this is broken, then the next support from accumulated volume will be at ₩12,085.00 and ₩11,885.00.
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 ₩340.00 between high and low, or 2.55%. For the last week, the stock has had daily average volatility of 2.06%.
Our recommended stop-loss: ₩12,976.32 (-2.91%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (285010.KS) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect KB Asset Management Co., Ltd. - KBStar 200 Heavy Industries ETF Fund to open at ₩13,441.67, and during the day (based on 14 day Average True Range), to move between ₩13,057.72 and ₩13,672.28, which gives a possible trading interval of +/-₩307.28 (+/-2.30%) up or down from last closing price. If KB Asset Management Co., Ltd. - KBStar 200 Heavy Industries ETF Fund takes out the full calculated possible swing range there will be an estimated 4.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩13,460.00 (0.71%) than the support at ₩12,125.00 (9.28%), 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. - KBStar 200 Heavy Industries ETF Fund 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. - KBStar stock to perform well in the short-term. 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 Buy candidate.
Current score: 3.581 Buy Candidate Downgraded
Predicted Opening Price for KB Asset Management Co., Ltd. - KBStar 200 Heavy Industries ETF Fund of Monday, May 13, 2024
Fair opening price May 13, 2024 | Current price |
---|---|
₩13,441.67 ( 0.574%) | ₩13,365.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 285010.KS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 13,781.67 | 3.12 % | |
R2 | 13,651.79 | 2.15 % | ||
R1 | 13,571.55 | 1.55 % | ||
Current price: | 13,365.00 | |||
Support | S1 | 13,311.79 | -0.398 % | |
S2 | 13,231.55 | -1.00 % | ||
S3 | 13,101.67 | -1.97 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 13,460.00 | 0.711 % | ||
Current price | 13,365.00 | |||
Support | S1 | 12,125.00 | -9.28% | |
S2 | 12,085.00 | -9.58% | ||
S3 | 11,885.00 | -11.07% |
285010 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 29, 2024 | Apr 29, 2024 | May 03, 2024 | ₩70.00 | 0.546% |
2 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | ₩40.00 | 0.401% |
3 | Apr 28, 2022 | Apr 28, 2022 | Apr 28, 2022 | ₩120.00 | 1.20% |
FAQ
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