KB Asset Management -KB KBTAR KTB 10Y Stock Forecast
Stronger technical forecast for KB Asset Management -KB KBTAR KTB 10Y stock price after Friday trading.
(Updated on Jun 14, 2024)
The KB Asset Management -KB KBTAR KTB 10Y stock price fell by -0.155% on the last day (Friday, 14th Jun 2024) from ₩54,800.00 to ₩54,715.00. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 0.0640% from a day low at ₩54,715.00 to a day high of ₩54,750.00. The price has fallen in 8 of the last 10 days and is down by -1.86% for this period. 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 -5 shares and in total, 7 shares were bought and sold for approximately ₩383.01 thousand.
Given the current horizontal trend, you can expect KB Asset Management -KB KBTAR KTB 10Y stock with a 90% probability to be traded between ₩55,165.55 and ₩57,034.52 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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295020.KS Signals & Forecast
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 KB Asset Management -KB KBTAR KTB 10Y 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 ₩55,014.29 and ₩55,512.71. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 26, 2024, and so far it has fallen -2.87%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The stock had a Golden Star Signal on Monday, April 01, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, April 01, 2024.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Monday, April 01, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, April 01, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Monday, April 01, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, April 01, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for KB Asset Management -KB KBTAR KTB 10Y stock
KB Asset Management -KB KBTAR KTB 10Y finds support from accumulated volume at ₩54,655.00 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved ₩35.00 between high and low, or 0.0640%. For the last week the stock has had daily average volatility of 0.107%
Our recommended stop-loss: ₩51,267.96 (-6.30%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 65 days ago.)
Trading Expectations (295020.KS) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect KB Asset Management -KB KBTAR KTB 10Y Futures Inverse ETF to open at ₩54,726.67, and during the day (based on 14 day Average True Range), to move between ₩54,508.23 and ₩54,921.77, which gives a possible trading interval of +/-₩206.77 (+/-0.38%) up or down from last closing price. If KB Asset Management -KB KBTAR KTB 10Y Futures Inverse ETF takes out the full calculated possible swing range there will be an estimated 0.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩54,655.00 (0.11%) than the resistance at ₩54,790.00 (0.14%), 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 -KB KBTAR KTB 10Y Futures Inverse ETF stock A Buy?
KB Asset Management -KB KBTAR KTB 10Y holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.692 Hold/Accumulate Upgraded
Predicted Opening Price for KB Asset Management -KB KBTAR KTB 10Y Futures Inverse ETF of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| ₩54,726.67 ( 0.0213%) | ₩54,715.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 295020.KS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 54,761.67 | 0.0853% |
| R2 | 54,748.30 | 0.0609% |
| R1 | 54,740.04 | 0.0458% |
| Price | 54,715.00 | |
| S1 | 54,713.30 | -0.0031% |
| S2 | 54,705.04 | -0.0182% |
| S3 | 54,691.67 | -0.0426% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 56,090.00 | 2.51% |
| R2 | 55,150.00 | 0.795% |
| R1 | 54,790.00 | 0.137% |
| Price | 54,715.00 | |
| S1 | 54,655.00 | -0.110% |
| S2 | 54,625.00 | -0.164% |
| S3 | 54,610.00 | -0.192% |
FAQ
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