KB Asset Management -KB KBTAR KTB 10Y Stock Forecast
Red day on Friday for KB Asset Management -KB KBTAR KTB 10Y stock after losing 0.211%
(Updated on Jun 21, 2024)
The KB Asset Management -KB KBTAR KTB 10Y stock price fell by -0.211% on the last day (Friday, 21st Jun 2024) from ₩54,545.00 to ₩54,430.00. During the last trading day the stock fluctuated 0.0551% from a day low at ₩54,410.00 to a day high of ₩54,440.00. The price has fallen in 7 of the last 10 days and is down by -0.75% for this period. Volume has increased on the last day by 1 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, 8 shares were bought and sold for approximately ₩435.44 thousand.
The stock is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at ₩54,319.89 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect KB Asset Management -KB KBTAR KTB 10Y stock with a 90% probability to be traded between ₩54,172.35 and ₩56,085.34 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
A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has risen 0.193%. Further rise is indicated until a new top pivot has been found. 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 ₩54,565.71 and ₩55,275.00. 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). KB Asset Management -KB KBTAR KTB 10Y gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
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 ₩54,325.00 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 ₩30.00 between high and low, or 0.0551%. For the last week the stock has had daily average volatility of 0.282%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (295020.KS) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect KB Asset Management -KB KBTAR KTB 10Y Futures Inverse ETF to open at ₩54,426.67, and during the day (based on 14 day Average True Range), to move between ₩54,201.18 and ₩54,658.82, which gives a possible trading interval of +/-₩228.82 (+/-0.42%) 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 0.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩54,325.00 (0.19%) than the resistance at ₩55,150.00 (1.32%), 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 is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.038 Sell Candidate Unchanged
Predicted Opening Price for KB Asset Management -KB KBTAR KTB 10Y Futures Inverse ETF of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| ₩54,426.67 ( 0.0061%) | ₩54,430.00 |
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 | 54,456.67 | 0.0490% |
| R2 | 54,445.21 | 0.0279% |
| R1 | 54,438.13 | 0.0149% |
| Price | 54,430.00 | |
| S1 | 54,415.21 | -0.0272% |
| S2 | 54,408.13 | -0.0402% |
| S3 | 54,396.67 | -0.0612% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 56,090.00 | 3.05% |
| R2 | 55,200.00 | 1.41% |
| R1 | 55,150.00 | 1.32% |
| Price | 54,430.00 | |
| S1 | 54,325.00 | -0.193% |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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