KB KBSTAR 200 High Dividend Covered Call Stock Forecast
Green day on Friday for KB KBSTAR 200 High Dividend Covered Call stock after gaining 1.10%
(Updated on Jun 21, 2024)
The KB KBSTAR 200 High Dividend Covered Call stock price gained 1.10% on the last trading day (Friday, 21st Jun 2024), rising from ₩7,745.00 to ₩7,830.00. During the last trading day the stock fluctuated 0.90% from a day low at ₩7,770.00 to a day high of ₩7,840.00. The price has risen in 4 of the last 10 days and is up by 1.03% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 13 thousand more shares were traded than the day before. In total, 31 thousand shares were bought and sold for approximately ₩242.02 million.
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 3.65% during the next 3 months and, with a 90% probability hold a price between ₩7,854.83 and ₩8,337.37 at the end of this 3-month period.
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290080.KS Signals & Forecast
The KB KBSTAR 200 High Dividend Covered Call stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ₩7,762.14 and ₩7,792.43. 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). Volume is rising along with the price. This is considered to be a good technical signal. 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 Monday, May 20, 2024, and so far it has fallen -1.32%. Further fall is indicated until a new bottom pivot has been found.
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 ₩7,760.00 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 ₩70.00 between high and low, or 0.90%. For the last week the stock has had daily average volatility of 0.582%.
Our recommended stop-loss: ₩7,483.23 (-4.43%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 43 days ago.)
Trading Expectations (290080.KS) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect KB KBSTAR 200 High Dividend Covered Call ATM ETF to open at ₩7,813.33, and during the day (based on 14 day Average True Range), to move between ₩7,776.27 and ₩7,883.73, which gives a possible trading interval of +/-₩53.73 (+/-0.69%) 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 1.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩7,845.00 (0.19%) than the support at ₩7,760.00 (0.89%), 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?
KB KBSTAR 200 High 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.
Current score: 0.241 Hold/Accumulate Unchanged
Predicted Opening Price for KB KBSTAR 200 High Dividend Covered Call ATM ETF of Monday, June 24, 2024
Fair opening price June 24, 2024 | Current price |
---|---|
₩7,813.33 ( 0.213%) | ₩7,830.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 290080.KS
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 7,883.33 | 0.681% |
R2 | 7,856.59 | 0.340% |
R1 | 7,840.07 | 0.129% |
Price | 7,830.00 | |
S1 | 7,786.59 | -0.554% |
S2 | 7,770.07 | -0.765% |
S3 | 7,743.33 | -1.11% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 7,935.00 | 1.34% |
R2 | 7,900.00 | 0.89% |
R1 | 7,845.00 | 0.192% |
Price | 7,830.00 | |
S1 | 7,760.00 | -0.89% |
S2 | 7,750.00 | -1.02% |
S3 | 7,735.00 | -1.21% |
290080 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 30, 2024 | May 30, 2024 | Jun 04, 2024 | ₩55.00 | 0.710% |
2 | Apr 29, 2024 | Apr 29, 2024 | May 03, 2024 | ₩53.00 | 0.688% |
3 | Mar 28, 2024 | Mar 28, 2024 | Apr 02, 2024 | ₩53.00 | 0.708% |
4 | Feb 28, 2024 | Feb 28, 2024 | Mar 05, 2024 | ₩53.00 | 0.673% |
5 | Jan 30, 2024 | Jan 30, 2024 | Feb 02, 2024 | ₩52.00 | 0.662% |
FAQ
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