Korea Investment Trust Management - Kim Stock Forecast

Korea Investment Trust Management - Kim stock upgraded to Buy Candidate.
(Updated on May 03, 2024)

291130.KS Signals & Forecast

The Korea Investment Trust Management - Kim stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₩16,130.00 and ₩16,178.86. A break-up above any of these levels will issue buy signals. 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. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 3.16%. Further rise is indicated until a new top pivot has been found.

Support, Risk & Stop-loss for Korea Investment Trust Management - Kim stock

Korea Investment Trust Management - Kim finds support from accumulated volume at ₩15,880.00 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 ₩130.00 (0.81%) between high and low. For the last week, the stock has had daily average volatility of 1.28%.

Our recommended stop-loss: ₩15,104.92 (-5.56%) (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 (291130.KS) For The Upcoming Trading Day Of Tuesday 7th

For the upcoming trading day on Tuesday, 7th we expect Korea Investment Trust Management - Kim Kindex MSCI Mexico ETF to open at ₩16,011.67, and during the day (based on 14 day Average True Range), to move between ₩15,739.02 and ₩16,250.98, which gives a possible trading interval of +/-₩255.98 (+/-1.60%) up or down from last closing price. If Korea Investment Trust Management - Kim Kindex MSCI Mexico ETF takes out the full calculated possible swing range there will be an estimated 3.20% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₩15,880.00 (0.72%) than the resistance at ₩16,275.00 (1.75%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Korea Investment Trust Management - Kim Kindex MSCI Mexico ETF stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.157 Buy Candidate Upgraded

Predicted Opening Price for Korea Investment Trust Management - Kim Kindex MSCI Mexico ETF of Tuesday, May 7, 2024

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