KB Financial Group Stock Rises 1.56% As Technical Indicators Signal Bullish Reversal

The KB Financial Group stock rose 1.56% to close at 84.24 during the latest session on July 23, 2025, accompanied by trading volume of 178,672 shares. This comprehensive technical analysis employs multiple methodologies to evaluate the stock's trajectory and potential turning points, while identifying key areas of indicator agreement and divergence.
Candlestick Theory
Recent candlestick patterns indicate bullish reversal signals after testing the critical support zone near 81.18 (July 18 low). The July 21-23 formation shows a bullish engulfing pattern culminating in a decisive white candle that closed near the session high at 84.24, confirming rejection of lower prices. Resistance is prominent near 84.67 (July 23 high) and 86.74 (July 15 peak), while robust support emerges at the 81.18–82.37 range formed by the July 18 low and July 22 low, aligning with the psychological 80.00 threshold established in late June.
Moving Average Theory
The moving average configuration depicts a bullish long-term structure with the current price (84.24) trading above all three key averages. The 50-day moving average (approximately 80.50) maintains a positive slope and recently acted as dynamic support during the July 18 sell-off. Golden crosses remain intact with the 50-day positioned above the 100-day (~77.80) and 200-day (~71.80) averages. The ascending alignment of all three moving averages signals sustained upward momentum, though consolidation may occur near the converging 50-day and 20-day averages.
MACD & KDJ Indicators
The MACD histogram has shifted into positive territory after a bullish crossover near the zero line, with improving momentum as the MACD line (12-day EMA) climbs above the signal line (9-day EMA of MACD). This development follows a period of bearish divergence in early July when price made higher highs while MACD registered lower highs. Concurrently, the KDJ oscillator shows %K (55) and %D (48) crossing upward from oversold readings below 30 on July 18, suggesting waning downward pressure. Both oscillators lack extreme readings, with KDJ's neutral position avoiding overbought caution and supporting the MACD's constructive signal.
Bollinger Bands
Bollinger Bands exhibit volatility expansion after the July 18 contraction, with price currently testing the upper band near 84.50. The 20-day moving average (83.00) continues to act as intermediate support. The July 23 close at the upper band boundary suggests near-term overextension, typically indicating either imminent consolidation or continuation signals requiring volume confirmation. The absence of price rejection at the upper band during this session reduces immediate reversal probability.
Volume-Price Relationship
Volume patterns validate the recent bullish reversal, with the 1.56% advance on July 23 occurring on 33% higher volume than the previous session, demonstrating conviction in the breakout. Notable accumulation occurred during the July 21 rally (226,700 shares vs. preceding day's 134,165), while distribution volumes accompanied the July 16–18 decline. This volume structure suggests institutional support near 81.50, though sustainability requires continued volume expansion above the 150,000-share daily average.
Relative Strength Index (RSI)
The 14-day RSI reading of 41 (calculated using 13.5 average gain and 19.2 average loss over the period) resides in neutral territory, recovering from near-oversold conditions at 28 on July 18. While the RSI uptrend confirms improving momentum, it avoids overbought warnings that would typically emerge above 70. The indicator shows bullish divergence versus price action when comparing the July 8 peak (RSI 62) and July 15 high (RSI 54) during a period of marginally higher prices.
Fibonacci Retracement
Applying Fibonacci levels to the 56.21 (August 5, 2024 low) to 87.89 (July 8, 2025 high) swing reveals critical technical thresholds. The recent July 18 low (81.18) precisely tested the 23.6% retracement level at 80.41 before reversing higher, establishing that zone as major support. Subsequent retracement cushions exist at 75.79 (38.2%) and 72.05 (50%), while upside targets include the 100% extension at 87.89 and psychological 90.00 resistance. The alignment of the 23.6% Fibonacci level with the 50-day moving average creates a high-probability support confluence.
Significant indicator confluence appears at the 80.41–81.18 zone, where the 23.6% Fibonacci retracement, 50-day moving average, and July price lows converge, creating a robust technical floor. The emerging bullish alignment between MACD crossover, RSI divergence, KDJ recovery, and volume-backed candlestick reversal suggests upside potential, though Bollinger Band proximity warrants monitoring for consolidation. Primary divergence concerns involve the RSI's failure to breach 50 despite price recovery, indicating some underlying weakness. Near-term momentum likely hinges on acceptance above 84.67 resistance, which could trigger acceleration toward 86.74–87.89 resistance.