KT CORP. - Daily - Technical analysis published on 10/17/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
39%
11%
50%
My opinion
Bearish under 11.65 USD
My targets
10.98 USD (-2.40%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 11.65 USD remains possible. It is advisable to trade KT CORP. with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 11.65 USD. The next bearish objective for sellers is set at 10.98 USD. A bearish break of this support would revive the bearish momentum. PS: if there is a bullish break in the resistance located at 11.65 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
FORCE
0
10
2
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The KT CORP. rating is 11.25 USD. The price has increased by +0.27% since the last closing with the lowest point at 11.22 USD and the highest point at 11.31 USD. The deviation from the price is +0.27% for the low point and -0.53% for the high point.11.22
11.31
11.25
Here is a more detailed summary of the historical variations registered by KT CORP.:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of KT CORP. indicates that the overall trend is bearish. 64.29% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is slight given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of triangle
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 10.98 | 11.25 | 11.65 | 12.41 | 13.39 |
| Change (%) | -2.40% | - | +3.56% | +10.31% | +19.02% |
| Change | -0.27 | - | +0.40 | +1.16 | +2.14 |
| Level | Major | - | Major | Intermediate | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.01 | 11.09 | 11.16 | 11.24 | 11.31 | 11.39 | 11.46 |
| Camarilla | 11.18 | 11.19 | 11.21 | 11.22 | 11.23 | 11.25 | 11.26 |
| Woodie | 11.00 | 11.09 | 11.15 | 11.24 | 11.30 | 11.39 | 11.45 |
| Fibonacci | 11.09 | 11.15 | 11.19 | 11.24 | 11.30 | 11.34 | 11.39 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.71 | 10.87 | 11.10 | 11.26 | 11.49 | 11.65 | 11.88 |
| Camarilla | 11.22 | 11.26 | 11.29 | 11.33 | 11.37 | 11.40 | 11.44 |
| Woodie | 10.75 | 10.89 | 11.14 | 11.28 | 11.53 | 11.67 | 11.92 |
| Fibonacci | 10.87 | 11.02 | 11.11 | 11.26 | 11.41 | 11.50 | 11.65 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.45 | 10.77 | 11.04 | 11.36 | 11.63 | 11.95 | 12.22 |
| Camarilla | 11.15 | 11.20 | 11.26 | 11.31 | 11.36 | 11.42 | 11.47 |
| Woodie | 10.43 | 10.76 | 11.02 | 11.35 | 11.61 | 11.94 | 12.20 |
| Fibonacci | 10.77 | 11.00 | 11.14 | 11.36 | 11.59 | 11.73 | 11.95 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 48.89 | |
| MACD (12,26,9): | -0.0400 | |
| Directional Movement: | 5.70 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 11.19 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.03 | |
| Elder Ray (13): | 0.04 | |
| Super Trend (3,10): | 11.59 | |
| Zig ZAG (10): | 11.25 | |
| VORTEX (21): | 0.8600 | |
| Stochastique (14,3,5): | 41.82 | |
| TEMA (21): | 11.19 | |
| Williams %R (14): | -54.55 | |
| Chande Momentum Oscillator (20): | 0.01 | |
| Repulse (5,40,3): | -1.4000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0600 | |
| Courbe Coppock: | 2.55 |
| MA7: | 11.22 | |
| MA20: | 11.26 | |
| MA50: | 11.25 | |
| MA100: | 11.64 | |
| MAexp7: | 11.22 | |
| MAexp20: | 11.25 | |
| MAexp50: | 11.36 | |
| MAexp100: | 11.64 | |
| Price / MA7: | +0.27% | |
| Price / MA20: | -0.09% | |
| Price / MA50: | -0% | |
| Price / MA100: | -3.35% | |
| Price / MAexp7: | +0.27% | |
| Price / MAexp20: | -0% | |
| Price / MAexp50: | -0.97% | |
| Price / MAexp100: | -3.35% |
This member declared not having a position on this financial instrument or a related financial instrument.
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