Kim Kindex 200Totalreturn ETF Stock Forecast
Red day on Friday for Kim Kindex 200Totalreturn ETF
(Updated on May 17, 2024)
The Kim Kindex 200Totalreturn ETF stock price fell by -1.33% on the last day (Friday, 17th May 2024) from ₩24,430.00 to ₩24,105.00. During the last trading day the stock fluctuated 1.37% from a day low at ₩24,105.00 to a day high of ₩24,435.00. The price has risen in 6 of the last 10 days and is up by 1.2% over the past 2 weeks. Volume has increased on the last day by 2 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, 7 thousand shares were bought and sold for approximately ₩165.41 million.
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 3.71% during the next 3 months and, with a 90% probability hold a price between ₩24,063.50 and ₩25,801.75 at the end of this 3-month period.
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332500.KS Signals & Forecast
The Kim Kindex 200Totalreturn 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 ₩24,200.00. On a fall, the stock will find some support from the long-term average at approximately ₩23,916.43. 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 -1.33%. 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 Kim Kindex 200Totalreturn ETF stock
Kim Kindex 200Totalreturn ETF finds support from accumulated volume at ₩23,645.00 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 ₩330.00 (1.37%) between high and low. For the last week, the stock has had daily average volatility of 1.01%.
Our recommended stop-loss: ₩23,298.56 (-3.35%) (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 (332500.KS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Kim Kindex 200Totalreturn ETF to open at ₩24,215.00, and during the day (based on 14 day Average True Range), to move between ₩23,769.86 and ₩24,440.14, which gives a possible trading interval of +/-₩335.14 (+/-1.39%) up or down from last closing price. If Kim Kindex 200Totalreturn ETF takes out the full calculated possible swing range there will be an estimated 2.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩24,115.00 (0.04%) than the support at ₩23,645.00 (1.91%), 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 Kim Kindex 200Totalreturn 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 Kim Kindex 200Totalreturn ETF stock to perform well in the short-term.
Current score: 1.270 Buy Candidate Unchanged
Predicted Opening Price for Kim Kindex 200Totalreturn ETF of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
₩24,215.00 ( 0.456%) | ₩24,105.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 332500.KS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 24,545.00 | 1.83 % | |
R2 | 24,418.94 | 1.30 % | ||
R1 | 24,341.06 | 0.98 % | ||
Current price: | 24,105.00 | |||
Support | S1 | 24,088.94 | -0.0666 % | |
S2 | 24,011.06 | -0.390 % | ||
S3 | 23,885.00 | -0.91 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 24,455.00 | 1.45 % | |
R2 | 24,190.00 | 0.353 % | ||
R1 | 24,115.00 | 0.0415 % | ||
Current price | 24,105.00 | |||
Support | S1 | 23,645.00 | -1.91% | |
S2 | 23,220.00 | -3.67% | ||
S3 | 23,030.00 | -4.46% |
FAQ
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