KOSEF 200 Total Return ETF Stock Forecast
KOSEF 200 Total Return ETF stock downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 17, 2024)
The KOSEF 200 Total Return ETF stock price fell by -1.21% on the last day (Friday, 17th May 2024) from ₩47,565.00 to ₩46,990.00. During the last trading day the stock fluctuated 2.47% from a day low at ₩46,990.00 to a day high of ₩48,150.00. The price has risen in 5 of the last 10 days and is up by 1.27% over the past 2 weeks. Volume has increased on the last day by 85 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 99 thousand shares were bought and sold for approximately ₩4.66 billion.
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 3.75% during the next 3 months and, with a 90% probability hold a price between ₩46,853.89 and ₩50,305.17 at the end of this 3-month period.
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294400.KS Signals & Forecast
The KOSEF 200 Total Return ETF 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 ₩47,135.71. On a fall, the stock will find some support from the long-term average at approximately ₩46,572.29. 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). 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 -1.21%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for KOSEF 200 Total Return ETF stock
KOSEF 200 Total Return ETF finds support from accumulated volume at ₩46,040.00 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 ₩1,160.00 (2.47%) between high and low. For the last week, the stock has had daily average volatility of 1.17%.
Our recommended stop-loss: ₩45,449.02 (-3.28%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (294400.KS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect KOSEF 200 Total Return ETF to open at ₩47,376.67, and during the day (based on 14 day Average True Range), to move between ₩46,303.39 and ₩47,676.61, which gives a possible trading interval of +/-₩686.61 (+/-1.46%) up or down from last closing price. If KOSEF 200 Total Return ETF takes out the full calculated possible swing range there will be an estimated 2.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩47,135.00 (0.31%) than the support at ₩46,040.00 (2.02%), 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 KOSEF 200 Total Return ETF stock A Buy?
KOSEF 200 Total Return ETF 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.224 Hold/Accumulate Downgraded
Predicted Opening Price for KOSEF 200 Total Return ETF of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
₩47,376.67 ( 0.82%) | ₩46,990.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 294400.KS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 48,536.67 | 3.29 % | |
R2 | 48,093.55 | 2.35 % | ||
R1 | 47,819.79 | 1.77 % | ||
Current price: | 46,990.00 | |||
Support | S1 | 46,933.55 | -0.120 % | |
S2 | 46,659.79 | -0.703 % | ||
S3 | 46,216.67 | -1.65 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 47,255.00 | 0.564 % | |
R2 | 47,230.00 | 0.511 % | ||
R1 | 47,135.00 | 0.309 % | ||
Current price | 46,990.00 | |||
Support | S1 | 46,040.00 | -2.02% | |
S2 | 45,275.00 | -3.65% | ||
S3 | 44,940.00 | -4.36% |
FAQ
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