DIREXION DAILY SO KOREA BULL (KORU) Stock Technical Analysis
NYSEARCA:KORU - NYSE Arca - US25461A3876 - ETF - Currency: USD
Overall KORU gets a technical rating of 4 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. KORU was also a bad performer in the overall market in the last year.
88% of all other stocks performed better in the past year than KORU.
KORU is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
In the last month KORU has a been trading in the 37.10 - 50.70 range, which is quite wide. It is currently trading near the high of this range.
KORU has an average volume of 3345040 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
KORU has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
40.89
94.74
When analyzing the support we notice one important area.
- A support zone ranging from 41.30 to 41.44. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
4 important resistance areas can be observed.
- Resistance @50.13 from a horizontal line in the daily time frame.
- Resistance @53.59 from a trend line in the daily time frame.
- Resistance @86.04 from a trend line in the weekly time frame.
- Resistance @93.80 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.12
Mansfield-3.48
10 Day High50.7
10 Day Low39.85
20 Day High50.7
20 Day Low37.1
52 Week High99
52 Week Low34.1
Performance
1 Week6.07%
2 Weeks12.32%
1 Month8.01%
3 Month-4.11%
6 Month-42.76%
12 Month-45.69%
2 Year-39.43%
3 Year-75.85%
5 Year-71.67%
10 Year-86.44%
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.82
RSI(14)60.54
LBB37.17
UBB51.09
47.85
-2.27 (-4.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-4.53%
1 Week6.07%
2 Weeks12.32%
1 Month8.01%
3 Month-4.11%
6 Month-42.76%
12 Month-45.69%
2 Year-39.43%
3 Year-75.85%
5 Year-71.67%
10 Year-86.44%
15 YearN/A
Volatility
ATR(14)2.04
ATR(20)%4.4%
ATR Inc-6.78%
Range Today3.11
ADR(20)1.46
ADR(20)%3.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.12
Mansfield-3.48
10 Day High50.7
10 Day Low39.85
20 Day High50.7
20 Day Low37.1
52 Week High99
52 Week Low34.1
CS1 End41.44
CR1 Start50.13
Volume & EV
DER(3)3.19%
DER(5)3.3%
Volume150.60K
Volume Incr-95.97%
Vol(5)149.48K
Vol(50)3.35M