KB KBSTAR 200 High Dividend Covered Call Stock Forecast

Red day on Friday for KB KBSTAR 200 High Dividend Covered Call
(Updated on Jun 14, 2024)

290080.KS Signals & Forecast

There are few to no technical positive signals at the moment. The KB KBSTAR 200 High 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 ₩7,780.71. On a fall, the stock will find some support from the short-term average at ₩7,754.29. 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. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -2.21%. 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 during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.

Support, Risk & Stop-loss for KB KBSTAR 200 High Dividend Covered Call stock

KB KBSTAR 200 High Dividend Covered Call finds support from accumulated volume at ₩7,750.00 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 ₩35.00 between high and low, or 0.451%. For the last week the stock has had daily average volatility of 0.453%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (290080.KS) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect KB KBSTAR 200 High Dividend Covered Call ATM ETF to open at ₩7,768.33, and during the day (based on 14 day Average True Range), to move between ₩7,706.06 and ₩7,813.94, which gives a possible trading interval of +/-₩53.94 (+/-0.70%) up or down from last closing price. If KB KBSTAR 200 High Dividend Covered Call ATM ETF takes out the full calculated possible swing range there will be an estimated 1.39% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₩7,765.00 (0.06%) than the support at ₩7,750.00 (0.13%), 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 200 High Dividend Covered Call ATM ETF stock A Buy?

The KB KBSTAR 200 High Dividend Covered Call stock holds several negative signals and despite the positive trend, we believe KB KBSTAR 200 High Dividend Covered Call will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.360 Sell Candidate Unchanged

Predicted Opening Price for KB KBSTAR 200 High Dividend Covered Call ATM ETF of Monday, June 17, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.