KB Kbstar Domestic Consumption Plus ETF Stock Forecast

Red day on Monday for KB Kbstar Domestic Consumption Plus ETF stock after losing 0%
(Updated on May 20, 2024)

326230.KS Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, May 17, 2024, and so far it has fallen 0%. 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 Kbstar Domestic Consumption Plus ETF 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 ₩8,250.00 and ₩8,302.86. 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). Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days. The stock had a Golden Star Signal on Wednesday, December 13, 2023 in the long-term chart.

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 Kbstar Domestic Consumption Plus ETF stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 ₩275.00 between high and low, or 3.54%. For the last week the stock has had daily average volatility of 2.22%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (326230.KS) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect KB Kbstar Domestic Consumption Plus ETF to open at ₩7,916.67, and during the day (based on 14 day Average True Range), to move between ₩7,788.61 and ₩8,061.39, which gives a possible trading interval of +/-₩136.39 (+/-1.72%) up or down from last closing price. If KB Kbstar Domestic Consumption Plus ETF takes out the full calculated possible swing range there will be an estimated 3.44% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ ₩8,320.00, some ₩395.00 (4.98%) from the current price of ₩7,925.00, our system finds the risk reward not very attractive.

Is KB Kbstar Domestic Consumption Plus ETF stock A Buy?

KB Kbstar Domestic Consumption Plus ETF holds several negative signals and is within a 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: -1.396 Sell Candidate Unchanged

Predicted Opening Price for KB Kbstar Domestic Consumption Plus ETF of Tuesday, May 21, 2024

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