Korea Electric Power Corporation Forecast and Stock Analysis
Technical KEP stock analysis for February 15, 2019.
|Shorts||3.73% ( 2019-01-31 )|
Korea Electric Power Corporation fell by -0.87% in the last day from $14.88 to $14.75 and has now fallen 3 days in a row. The price has been going up and down for this period, and there has been a -1.8% loss for the last 2 weeks. Volume has increased in the last day by 34 067 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 191 109 shares bought and sold for approximately $2.82 million.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the KEP stock was $14.75. This is 0.87% less than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 1.12% from a day low at $14.70 to a day high of $14.86.
30 day high of the KEP stock price was $15.35 and low was $14.23.
90 day high was $15.77 and low was $12.15.
52 week high for the Korea Electric Power Corporation - $17.57 and low - $10.53.
Korea Electric Power Corporation lies in the lower part of a wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $14.41 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 16.17% during the next 3 months and, with 90% probability hold a price between $16.73 and $19.46 at the end of this period.
There are few to none technical positive signals at the moment. Korea Electric Power Corporation holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $14.95 and $15.00. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Monday February 11, 2019, which indicates further falls 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.
Relative Strength Index (RSI)
RSI14 is 53 and the stock is currently not being overbought or oversold
Support & Resistance
Korea Electric Power Corporation finds support from accumulated volume at $14.37.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.16 (1.12%) between high and low. For the last week, the stock has had a daily average volatility of 1.13%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
The Korea Electric Power Corporation stock holds several negative signals and despite the positive trend we believe Korea Electric Power Corporation will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.