Korea Electric Power Corporation Stock Forecast
Korea Electric Power Corporation stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Apr 19, 2024)
The Korea Electric Power Corporation stock price fell by -0.406% on the last day (Friday, 19th Apr 2024) from $7.39 to $7.36. During the last trading day the stock fluctuated 0.612% from a day low at $7.36 to a day high of $7.40. The price has fallen in 6 of the last 10 days and is down by -9.36% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -59 thousand shares and in total, 29 thousand shares were bought and sold for approximately $212.53 thousand.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $7.20 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 5.62% during the next 3 months and, with a 90% probability hold a price between $7.60 and $10.25 at the end of this 3-month period.
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KEP Signals & Forecast
There are mixed signals in the stock today. The Korea Electric Power Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell 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 $7.41 and $8.45. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 2.51%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Korea Electric Power Corporation stock
Korea Electric Power Corporation finds support from accumulated volume at $7.31 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0450 between high and low, or 0.612%. For the last week the stock has had daily average volatility of 1.09%.
Our recommended stop-loss: $6.96 (-5.50%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (KEP) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Korea Electric Power Corporation to open at $7.37, and during the day (based on 14 day Average True Range), to move between $7.16 and $7.56, which gives a possible trading interval of +/-$0.200 (+/-2.71%) up or down from last closing price. If Korea Electric Power Corporation takes out the full calculated possible swing range there will be an estimated 5.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $7.31 (0.68%) than the resistance at $7.79 (5.84%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Korea Electric Power Corporation stock A Buy?
Korea Electric Power Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.805 Hold/Accumulate Upgraded
Predicted Opening Price for Korea Electric Power Corporation of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $7.37 ( 0.159%) | $7.36 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KEP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.42 | 0.770 % | |
| R2 | 7.40 | 0.536 % | ||
| R1 | 7.39 | 0.392 % | ||
| Current price: | 7.36 | |||
| Support | S1 | 7.35 | -0.0750 % | |
| S2 | 7.34 | -0.219 % | ||
| S3 | 7.33 | -0.453 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.54 | 16.03 % | |
| R2 | 8.24 | 11.96 % | ||
| R1 | 7.79 | 5.84 % | ||
| Current price | 7.36 | |||
| Support | S1 | 7.31 | -0.679% | |
| S2 | 7.18 | -2.45% | ||
| S3 | 6.89 | -6.39% |
KEP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 30, 2020 | Dec 30, 2020 | May 01, 2015 | $0.543 | 2.52% |
| 2 | Dec 27, 2005 | Dec 27, 2005 | Dec 27, 2005 | $0.556 | 2.86% |
| 3 | Dec 28, 2004 | Dec 28, 2004 | Dec 28, 2004 | $0.0950 | 0.722% |
| 4 | Dec 26, 2003 | Dec 26, 2003 | Dec 26, 2003 | $0.336 | 3.22% |
| 5 | Dec 26, 2002 | Dec 26, 2002 | Dec 26, 2002 | $0.229 | 2.69% |
FAQ
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