KOSPI (SEOUL.NDX)

Close: 2 542.36 (-13.79), Nov 1, 2024
Negative

Automatic technical analysis. Medium term, Nov 1, 2024

KOSPI is in a rising trend channel in the medium long term. This shows that investors over time have bought the index at higher prices and indicates good development for the market. A head and shoulders formation is under development. A decisive break of the support at 2504, ideally with an increase in volume, signals a further fall. The index has broken down through support at points 2580. This predicts a further decline. The RSI curve shows a falling trend, which is an early signal of a possible trend reversal downwards for the price as well. The index is overall assessed as technically negative for the medium long term.

Recommendation one to six months: Negative

Period  
Vol.bal. Volatility Liquidity +/- %
1 day-0.79%0.32-0.54%
5 days-35.202.60%0.38-1.58%
22 days-8.936.84%0.36-4.05%
66 days-23.3412.56%0.38-8.00%

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: Negative
chart KOSPI (SEOUL) Long term
Long term: Weak Negative
 


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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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