KB Financial Group Inc Stock Forecast
Stronger technical forecast for KB Financial Group Inc stock price after Thursday trading.
(Updated on Mar 28, 2024)
The KB Financial Group Inc stock price gained 1.19% on the last trading day (Thursday, 28th Mar 2024), rising from $51.46 to $52.07. During the last trading day the stock fluctuated 0.82% from a day low at $51.80 to a day high of $52.22. The price has fallen in 7 of the last 10 days and is down by -9.63% for this period. Volume fell on the last day by -113 thousand shares and in total, 149 thousand shares were bought and sold for approximately $7.75 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $51.78 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 47.17% during the next 3 months and, with a 90% probability hold a price between $76.21 and $90.73 at the end of this 3-month period.
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KB Signals & Forecast
A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -10.36%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Some positive signals were issued as well, and these may have some influence on the near short-term development. The KB Financial Group Inc 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 $54.30. On a fall, the stock will find some support from the long-term average at approximately $51.89. 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. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for KB Financial Group Inc stock
KB Financial Group Inc finds support from accumulated volume at $49.73 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.425 between high and low, or 0.82%. For the last week, the stock has had daily average volatility of 1.06%.
Our recommended stop-loss: $49.25 (-5.43%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (KB) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect KB Financial Group Inc to open at $52.03, and during the day (based on 14 day Average True Range), to move between $50.55 and $53.59, which gives a possible trading interval of +/-$1.52 (+/-2.92%) up or down from last closing price. If KB Financial Group Inc takes out the full calculated possible swing range there will be an estimated 5.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $54.30 (4.28%) than the support at $49.73 (4.49%), 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 KB Financial Group Inc stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.628 Buy Candidate Upgraded
Predicted Opening Price for KB Financial Group Inc of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$52.03 ( 0.0800%) | $52.07 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KB
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 52.45 | 0.736 % | |
R2 | 52.29 | 0.424 % | ||
R1 | 52.19 | 0.232 % | ||
Current price: | 52.07 | |||
Support | S1 | 51.87 | -0.392 % | |
S2 | 51.77 | -0.584 % | ||
S3 | 51.60 | -0.90 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 58.09 | 11.56 % | |
R2 | 55.43 | 6.45 % | ||
R1 | 54.30 | 4.28 % | ||
Current price | 52.07 | |||
Support | S1 | 49.73 | -4.49% | |
S2 | 49.52 | -4.90% | ||
S3 | 46.38 | -10.93% |
KB Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Sep 01, 2023 | Sep 28, 2023 | Nov 15, 2023 | $0.310 | 0.748% |
2 | Jun 14, 2023 | Jun 28, 2023 | Aug 15, 2023 | $0.300 | 0.785% |
3 | Mar 03, 2023 | Mar 29, 2023 | May 23, 2023 | $0.300 | 0.80% |
4 | Dec 14, 2022 | Dec 29, 2022 | Apr 17, 2023 | $0.91 | 2.48% |
5 | Dec 15, 2021 | Dec 29, 2021 | Apr 19, 2022 | $1.48 | 3.07% |
FAQ
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