KB Price Prediction Next Week
Technical Analysis: Based on the latest market data, KB Financial Group (KB) closed at $55.78 on Friday, February 14, 2025, showing a -0.91% decline. The stock is currently in a downward trend, trading below all major moving averages (SMA 5: $57.23, SMA 20: $60.44, SMA 200: $61.48).
The technical indicators show bearish signals:
- RSI-14 at 30.06 indicates oversold conditions
- MACD is negative at -1.10 with bearish divergence
- Stochastic %K (9.99) and %D (17.95) are both in oversold territory
- Price is trading near the lower Bollinger Band ($53.82), suggesting potential for a technical bounce
News Impact: Recent political turmoil in South Korea has affected market sentiment. Despite President Yoon Suk Yeol's arrest, KB Financial Group showed resilience, gaining 0.90% during the event. However, the overall market uncertainty continues to pressure the stock.
Price Prediction for Next Week: Based on Fibonacci levels:
- Resistance levels: R1: $61.79, R2: $63.54
- Support levels: S1: $56.10, S2: $54.35
Expected price range: $54.35 - $56.10
- Most likely scenario (60% probability): Stock will test support at $54.35
- If support breaks, next target is $53.82 (Lower Bollinger Band)
- Upside limited by immediate resistance at $56.10
Trading Recommendation: SELL
- Entry point: Current market price ($55.78)
- Stop loss: $57.23 (5-day SMA)
- Target: $54.35 (Fibonacci S2)
Rationale:
- Bearish technical indicators
- Trading below all major moving averages
- Political uncertainty in South Korea
- Negative MACD momentum
KB Similar Chart Price Prediction
The price of KB is predicted to go up -11.79%, based on the high correlation periods with MKTX. The similarity of these two price pattern on the periods is 96.25%.
KB
MKTX
Down: -11.79%Similarity: 96.25%
