KB Kbstar IT Plus ETF Stock Forecast
KB Kbstar IT Plus ETF stock upgraded from Sell Candidate to Buy Candidate after Monday trading session.
(Updated on May 20, 2024)
The KB Kbstar IT Plus ETF stock price gained 0.187% on the last trading day (Monday, 20th May 2024), rising from ₩18,735.00 to ₩18,770.00. During the last trading day the stock fluctuated 1.02% from a day low at ₩18,630.00 to a day high of ₩18,820.00. The price has been going up and down for this period, and there has been a 0.97% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 16 thousand more shares were traded than the day before. In total, 22 thousand shares were bought and sold for approximately ₩414.55 million.
The stock lies in the middle of a wide and 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 2.63% during the next 3 months and, with a 90% probability hold a price between ₩18,603.57 and ₩20,537.00 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
326240.KS Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The KB Kbstar IT Plus ETF stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ₩18,854.29. On a fall, the stock will find some support from the short-term average at ₩18,766.43. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -1.16%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for KB Kbstar IT Plus ETF stock
KB Kbstar IT Plus ETF finds support from accumulated volume at ₩18,760.00 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 ₩190.00 between high and low, or 1.02%. For the last week the stock has had daily average volatility of 0.99%.
Our recommended stop-loss: ₩18,065.62 (-3.75%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 16 days ago.)
Trading Expectations (326240.KS) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect KB Kbstar IT Plus ETF to open at ₩18,740.00, and during the day (based on 14 day Average True Range), to move between ₩18,501.37 and ₩19,038.63, which gives a possible trading interval of +/-₩268.63 (+/-1.43%) up or down from last closing price. If KB Kbstar IT Plus ETF takes out the full calculated possible swing range there will be an estimated 2.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩18,760.00 (0.05%) than the resistance at ₩19,345.00 (3.06%), 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 Kbstar IT Plus ETF stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for KB Kbstar IT Plus ETF stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.484 Buy Candidate Upgraded
Predicted Opening Price for KB Kbstar IT Plus ETF of Tuesday, May 21, 2024
Fair opening price May 21, 2024 | Current price |
---|---|
₩18,740.00 ( 0.160%) | ₩18,770.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 326240.KS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 18,930.00 | 0.85 % | |
R2 | 18,857.42 | 0.466 % | ||
R1 | 18,812.58 | 0.227 % | ||
Current price: | 18,770.00 | |||
Support | S1 | 18,667.42 | -0.547 % | |
S2 | 18,622.58 | -0.785 % | ||
S3 | 18,550.00 | -1.17 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 19,690.00 | 4.90 % | |
R2 | 19,525.00 | 4.02 % | ||
R1 | 19,345.00 | 3.06 % | ||
Current price | 18,770.00 | |||
Support | S1 | 18,760.00 | -0.0533% | |
S2 | 18,555.00 | -1.15% | ||
S3 | 18,125.00 | -3.44% |
326240 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 29, 2024 | Apr 29, 2024 | May 03, 2024 | ₩30.00 | 0.161% |
2 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | ₩80.00 | 0.460% |
3 | Apr 28, 2022 | Apr 28, 2022 | Apr 28, 2022 | ₩100.00 | 0.549% |
FAQ
Click here for our free guide on how to buy KB Kbstar IT Plus ETF Stock.