Kb Asset Management Co Ltd - kbstar esg Stock Forecast
Stronger technical forecast for Kb Asset Management Co Ltd - kbstar esg stock price after Monday trading.
(Updated on May 20, 2024)
The Kb Asset Management Co Ltd - kbstar esg stock price gained 0.403% on the last trading day (Monday, 20th May 2024), rising from ₩12,405.00 to ₩12,455.00. During the last trading day the stock fluctuated 2.62% from a day low at ₩12,200.00 to a day high of ₩12,520.00. The price has risen in 6 of the last 10 days and is up by 0.97% 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, 25 thousand more shares were traded than the day before. In total, 128 thousand shares were bought and sold for approximately ₩1.60 billion.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Kb Asset Management Co Ltd - kbstar esg stock with a 90% probability to be traded between ₩11,584.35 and ₩13,014.09 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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290130.KS Signals & Forecast
The Kb Asset Management Co Ltd - kbstar esg stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₩12,519.29. On a fall, the stock will find some support from the long-term average at approximately ₩12,272.57. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Thursday, May 16, 2024, and so far it has fallen -1.85%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Kb Asset Management Co Ltd - kbstar esg stock
Kb Asset Management Co Ltd - kbstar esg finds support from accumulated volume at ₩12,405.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ₩320.00 (2.62%) between high and low. For the last week, the stock has had daily average volatility of 1.52%.
Our recommended stop-loss: ₩11,976.73 (-3.84%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 20 days ago.)
Trading Expectations (290130.KS) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Kb Asset Management Co Ltd - kbstar esg sri ETF to open at ₩12,391.67, and during the day (based on 14 day Average True Range), to move between ₩12,244.54 and ₩12,665.46, which gives a possible trading interval of +/-₩210.46 (+/-1.69%) up or down from last closing price. If Kb Asset Management Co Ltd - kbstar esg sri ETF takes out the full calculated possible swing range there will be an estimated 3.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩12,405.00 (0.40%) than the resistance at ₩12,570.00 (0.92%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Kb Asset Management Co Ltd - kbstar esg sri ETF stock A Buy?
Several short-term signals 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 esg 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: 1.054 Buy Candidate Upgraded
Predicted Opening Price for Kb Asset Management Co Ltd - kbstar esg sri ETF of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| ₩12,391.67 ( 0.508%) | ₩12,455.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 290130.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12,711.67 | 2.06 % | |
| R2 | 12,589.43 | 1.08 % | ||
| R1 | 12,513.91 | 0.473 % | ||
| Current price: | 12,455.00 | |||
| Support | S1 | 12,269.43 | -1.49 % | |
| S2 | 12,193.91 | -2.10 % | ||
| S3 | 12,071.67 | -3.08 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12,880.00 | 3.41 % | |
| R2 | 12,760.00 | 2.45 % | ||
| R1 | 12,570.00 | 0.92 % | ||
| Current price | 12,455.00 | |||
| Support | S1 | 12,405.00 | -0.401% | |
| S2 | 12,305.00 | -1.20% | ||
| S3 | 12,080.00 | -3.01% |
290130 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | May 03, 2024 | ₩170.00 | 1.37% |
| 2 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | ₩150.00 | 1.47% |
| 3 | Apr 28, 2022 | Apr 28, 2022 | Apr 28, 2022 | ₩160.00 | 1.36% |
FAQ
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