Kiwoom Asset Management - Kosef Kosdaq Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Kiwoom Asset Management - Kosef Kosdaq stock downgraded from Strong Buy Candidate to Sell Candidate after Wednesday trading session.
(Updated on Jul 03, 2024)
The Kiwoom Asset Management - Kosef Kosdaq stock price fell by -2.76% on the last day (Wednesday, 3rd Jul 2024) from ₩6,515.00 to ₩6,335.00. During the last trading day the stock fluctuated 1.97% from a day low at ₩6,335.00 to a day high of ₩6,460.00. The price has been going up and down for this period, and there has been a 0.08% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 thousand shares and in total, 8 thousand shares were bought and sold for approximately ₩52.89 million.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₩6,282.11 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 3.30% during the next 3 months and, with a 90% probability hold a price between ₩6,489.22 and ₩6,976.71 at the end of this 3-month period.
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291620.KS Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 1.77%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Kiwoom Asset Management - Kosef Kosdaq stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ₩6,438.57 and ₩6,429.29. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Kiwoom Asset Management - Kosef Kosdaq stock
Kiwoom Asset Management - Kosef Kosdaq finds support from accumulated volume at ₩6,260.00 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 ₩125.00 between high and low, or 1.97%. For the last week the stock has had daily average volatility of 1.55%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (291620.KS) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect Kiwoom Asset Management - Kosef Kosdaq 150 Futures Inverse ETF to open at ₩6,376.67, and during the day (based on 14 day Average True Range), to move between ₩6,229.69 and ₩6,440.31, which gives a possible trading interval of +/-₩105.31 (+/-1.66%) 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 3.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩6,340.00 (0.08%) than the support at ₩6,260.00 (1.18%), 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 negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Sell candidate.
Current score: -1.087 Sell Candidate Downgraded
Predicted Opening Price for Kiwoom Asset Management - Kosef Kosdaq 150 Futures Inverse ETF of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| ₩6,376.67 ( 0.658%) | ₩6,335.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 291620.KS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6,501.67 | 2.63% |
| R2 | 6,453.92 | 1.88% |
| R1 | 6,424.42 | 1.41% |
| Price | 6,335.00 | |
| S1 | 6,328.92 | -0.0960% |
| S2 | 6,299.42 | -0.562% |
| S3 | 6,251.67 | -1.32% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6,440.00 | 1.66% |
| R2 | 6,380.00 | 0.710% |
| R1 | 6,340.00 | 0.0789% |
| Price | 6,335.00 | |
| S1 | 6,260.00 | -1.18% |
| S2 | 6,230.00 | -1.66% |
| S3 | 6,195.00 | -2.21% |
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