KB Financial Group Inc Stock Forecast
KB Financial Group Inc stock downgraded from Buy Candidate to Sell Candidate after Friday trading session.
(Updated on Jun 21, 2024)
The KB Financial Group Inc stock price fell by -3.17% on the last day (Friday, 21st Jun 2024) from $57.50 to $55.68. During the last trading day the stock fluctuated 2.01% from a day low at $55.22 to a day high of $56.33. The price has fallen in 6 of the last 10 days and is down by -1.12% for this period. Volume has increased on the last day by 72 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, 309 thousand shares were bought and sold for approximately $17.22 million.
The stock lies in the middle of a wide and strong 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 16.99% during the next 3 months and, with a 90% probability hold a price between $61.20 and $73.46 at the end of this 3-month period.
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KB Signals & Forecast
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. The KB Financial Group Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $57.07 and $56.91. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -6.73%. 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 KB Financial Group Inc stock
KB Financial Group Inc finds support from accumulated volume at $54.91 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 $1.11 between high and low, or 2.01%. For the last week the stock has had daily average volatility of 1.55%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KB) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect KB Financial Group Inc to open at $55.74, and during the day (based on 14 day Average True Range), to move between $54.45 and $56.91, which gives a possible trading interval of +/-$1.23 (+/-2.22%) 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 4.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $54.91 (1.38%) than the resistance at $57.50 (3.27%), 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 Financial Group Inc stock A Buy?
The KB Financial Group Inc stock holds several negative signals and despite the positive trend, we believe KB Financial Group Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -4.692 Sell Candidate Downgraded
Predicted Opening Price for KB Financial Group Inc of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $55.74 ( 0.114%) | $55.68 |
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 | |
|---|---|---|
| R3 | 56.85 | 2.11% |
| R2 | 56.43 | 1.35% |
| R1 | 56.17 | 0.88% |
| Price | 55.68 | |
| S1 | 55.32 | -0.648% |
| S2 | 55.06 | -1.12% |
| S3 | 54.63 | -1.88% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 59.02 | 6.00% |
| R2 | 57.91 | 4.01% |
| R1 | 57.50 | 3.27% |
| Price | 55.68 | |
| S1 | 54.91 | -1.38% |
| S2 | 51.46 | -7.58% |
| S3 | 49.01 | -11.98% |
KB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 13, 2024 | Mar 27, 2024 | May 17, 2024 | $0.461 | 0.784% |
| 2 | Mar 26, 2024 | Mar 26, 2024 | May 17, 2024 | $0.573 | 0.97% |
| 3 | Feb 27, 2024 | Feb 27, 2024 | Feb 27, 2024 | $1.14 | 2.45% |
| 4 | Sep 01, 2023 | Sep 28, 2023 | Nov 15, 2023 | $0.310 | 0.748% |
| 5 | Jun 14, 2023 | Jun 28, 2023 | Aug 15, 2023 | $0.300 | 0.785% |
FAQ
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