Samsung Fire & Marine Insurance Co., Stock Forecast
Samsung Fire & Marine Insurance Co., stock upgraded to Buy Candidate.
(Updated on Jun 27, 2024)
The Samsung Fire & Marine Insurance Co., stock price gained 0.743% on the last trading day (Thursday, 27th Jun 2024), rising from ₩269,000.00 to ₩271,000.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.87% from a day low at ₩267,000.00 to a day high of ₩272,000.00. The price has risen in 6 of the last 10 days and is up by 5.24% over the past 2 weeks. Volume fell on the last day by -3 thousand shares and in total, 7 thousand shares were bought and sold for approximately ₩1.77 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 18.80% during the next 3 months and, with a 90% probability hold a price between ₩304,811.12 and ₩359,034.97 at the end of this 3-month period.
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000815.KS Signals & Forecast
The Samsung Fire & Marine Insurance Co., stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ₩264,285.71 and ₩262,357.14. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -3.73%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Samsung Fire & Marine Insurance Co., stock
Samsung Fire & Marine Insurance Co., finds support from accumulated volume at ₩270,500.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ₩5,000.00 (1.87%) between high and low. For the last week, the stock has had daily average volatility of 2.65%.
Our recommended stop-loss: ₩256,582.80 (-5.32%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 58 days ago.)
Trading Expectations (000815.KS) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Samsung Fire & Marine Insurance Co., Ltd. to open at ₩270,000.00, and during the day (based on 14 day Average True Range), to move between ₩264,144.14 and ₩277,855.86, which gives a possible trading interval of +/-₩6,855.86 (+/-2.53%) up or down from last closing price. If Samsung Fire & Marine Insurance Co., Ltd. takes out the full calculated possible swing range there will be an estimated 5.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩270,500.00 (0.18%) than the resistance at ₩272,500.00 (0.55%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Samsung Fire & Marine Insurance Co., Ltd. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Samsung Fire & Marine Insurance Co., stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.186 Buy Candidate Upgraded
Predicted Opening Price for Samsung Fire & Marine Insurance Co., Ltd. of Friday, June 28, 2024
Fair opening price June 28, 2024 | Current price |
---|---|
₩270,000.00 ( 0.369%) | ₩271,000.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000815.KS
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 275,000.00 | 1.48% |
R2 | 273,090.00 | 0.771% |
R1 | 271,910.00 | 0.336% |
Price | 271,000.00 | |
S1 | 268,090.00 | -1.07% |
S2 | 266,910.00 | -1.51% |
S3 | 265,000.00 | -2.21% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 281,500.00 | 3.87% |
R2 | 275,000.00 | 1.48% |
R1 | 272,500.00 | 0.554% |
Price | 271,000.00 | |
S1 | 270,500.00 | -0.185% |
S2 | 247,000.00 | -8.86% |
S3 | 234,000.00 | -13.65% |
000815 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 26, 2024 | Mar 26, 2024 | Apr 01, 2024 | ₩16,005.00 | 7.28% |
2 | Jan 30, 2024 | Jan 30, 2024 | Jan 30, 2024 | ₩16,005.00 | 8.50% |
3 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩13,805.00 | 8.99% |
4 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩12,005.00 | 7.41% |
5 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩8,805.00 | 5.99% |
FAQ
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