Samsung Fire & Marine Insurance Co., Stock Forecast
Stronger technical forecast for Samsung Fire & Marine Insurance Co., stock price after Friday trading.
(Updated on Jun 28, 2024)
The Samsung Fire & Marine Insurance Co., stock price gained 2.77% on the last trading day (Friday, 28th Jun 2024), rising from ₩271,000.00 to ₩278,500.00. It has now gained 4 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 2.76% from a day low at ₩271,500.00 to a day high of ₩279,000.00. The price has risen in 7 of the last 10 days and is up by 9.43% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 7 thousand more shares were traded than the day before. In total, 14 thousand shares were bought and sold for approximately ₩3.82 billion.
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 19.27% during the next 3 months and, with a 90% probability hold a price between ₩307,179.93 and ₩362,087.33 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 ₩267,571.43 and ₩263,528.57. 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 is rising along with the price. This is considered to be a good technical signal. 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 -1.07%. 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 ₩272,500.00 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 ₩7,500.00 (2.76%) between high and low. For the last week, the stock has had daily average volatility of 2.70%.
Our recommended stop-loss: ₩265,880.44 (-4.53%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 59 days ago.)
Trading Expectations (000815.KS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Samsung Fire & Marine Insurance Co., Ltd. to open at ₩276,333.33, and during the day (based on 14 day Average True Range), to move between ₩271,562.76 and ₩285,437.24, which gives a possible trading interval of +/-₩6,937.24 (+/-2.49%) 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 4.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩279,500.00 (0.36%) than the support at ₩272,500.00 (2.15%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Samsung Fire & Marine Insurance Co., Ltd. stock A Buy?
Samsung Fire & Marine Insurance Co., holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.304 Strong Buy Candidate Upgraded
Predicted Opening Price for Samsung Fire & Marine Insurance Co., Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ₩276,333.33 ( 0.778%) | ₩278,500.00 |
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 | 283,833.33 | 1.92% |
| R2 | 280,968.33 | 0.89% |
| R1 | 279,198.33 | 0.251% |
| Price | 278,500.00 | |
| S1 | 273,468.33 | -1.81% |
| S2 | 271,698.33 | -2.44% |
| S3 | 268,833.33 | -3.47% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 281,500.00 | 1.08% |
| R1 | 279,500.00 | 0.359% |
| Price | 278,500.00 | |
| S1 | 272,500.00 | -2.15% |
| S2 | 270,500.00 | -2.87% |
| S3 | 247,000.00 | -11.31% |
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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