Kiwoom Asset Management - Kosef Kosdaq Stock Forecast

Stronger technical forecast for Kiwoom Asset Management - Kosef Kosdaq stock price after Tuesday trading.
(Updated on Jul 02, 2024)

291620.KS Signals & Forecast

Mostly positive signals in the chart today. The Kiwoom Asset Management - Kosef Kosdaq 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 ₩6,456.43 and ₩6,429.71. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 4.66%. Further rise is indicated until a new top pivot has been found. 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.

Support, Risk & Stop-loss for Kiwoom Asset Management - Kosef Kosdaq stock

Kiwoom Asset Management - Kosef Kosdaq finds support from accumulated volume at ₩6,340.00 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 ₩135.00 between high and low, or 2.12%. For the last week the stock has had daily average volatility of 1.42%.

Our recommended stop-loss: ₩6,167.51 (-5.33%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 22 days ago.)

Trading Expectations (291620.KS) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect Kiwoom Asset Management - Kosef Kosdaq 150 Futures Inverse ETF to open at ₩6,470.00, and during the day (based on 14 day Average True Range), to move between ₩6,415.43 and ₩6,614.57, which gives a possible trading interval of +/-₩99.57 (+/-1.53%) up or down from last closing price. If Kiwoom Asset Management - Kosef Kosdaq 150 Futures Inverse ETF takes out the full calculated possible swing range there will be an estimated 3.06% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₩6,530.00 (0.23%) than the support at ₩6,340.00 (2.69%), 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 Kiwoom Asset Management - Kosef Kosdaq 150 Futures Inverse ETF stock A Buy?

Kiwoom Asset Management - Kosef Kosdaq holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Buy candidate.

Current score: 6.602 Strong Buy Candidate Upgraded

Predicted Opening Price for Kiwoom Asset Management - Kosef Kosdaq 150 Futures Inverse ETF of Wednesday, July 3, 2024

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