KOSPI (SEOUL.NDX)

Close: 2 440.52 (-1.49), Dec 24, 2024
Weak Negative

Automatic technical analysis. Medium term, Dec 24, 2024

KOSPI is within an approximate horizontal trend channel in the medium long term. This indicates that investors are uncertain and waiting for signals of further direction. A break upwards will be a positive signal, while a break downwards will be a negative signal. The index gave a negative signal from the head and shoulders formation by the break down through the support at 2500. Further fall to 2211 or lower is signaled. The index has marginally broken up through resistance at points 2430. An established break predicts a further rise. Volume tops and volume bottoms correspond badly with tops and bottoms in the price. This weakens the index and indicates increased chance of a break down. The index is overall assessed as technically slightly negative for the medium long term.

Recommendation one to six months: Weak Negative

Period  
 Vol.bal. Volatility Liquidity +/- %
1 day-0.83%0.39-0.06%
5 days-94.692.74%0.48-0.66%
22 days11.407.01%0.51-2.43%
66 days-15.5313.13%0.44-5.24%

More analyses of KOSPI

chart KOSPI (SEOUL) Candlesticks 22 Days
Candlesticks
chart KOSPI (SEOUL) Short term
Short term: Weak Negative
chart KOSPI (SEOUL) Medium term
Medium term: Weak Negative
chart KOSPI (SEOUL) Long term
Long term: Hold
 


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Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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