Samsung Electronics Co., Ltd. Stock Forecast
Samsung Electronics Co., Ltd. stock price down 0.128% on Thursday
(Updated on May 16, 2024)
The Samsung Electronics Co., Ltd. stock price fell by -0.128% on the last day (Thursday, 16th May 2024) from ₩78,300.00 to ₩78,200.00. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 2.82% from a day low at ₩78,100.00 to a day high of ₩80,300.00. The price has fallen in 6 of the last 10 days but is still up by 1.96% over the past 2 weeks. Volume has increased on the last day by 10 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 22 million shares were bought and sold for approximately ₩1.73 trillion.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₩77,365.82 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 9.54% during the next 3 months and, with a 90% probability hold a price between ₩84,745.63 and ₩97,232.26 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
005930.KS Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 23, 2024, and so far it has risen 3.58%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Samsung Electronics Co., Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₩79,485.71 and ₩80,160.00. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Thursday, February 29, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Thursday, February 29, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Samsung Electronics Co., Ltd. stock
Samsung Electronics Co., Ltd. finds support from accumulated volume at ₩76,900.00 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 ₩2,200.00 (2.82%) between high and low. For the last week, the stock has had daily average volatility of 2.40%.
Our recommended stop-loss: ₩74,766.35 (-4.39%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (005930.KS) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Samsung Electronics Co., Ltd. to open at ₩78,866.67, and during the day (based on 14 day Average True Range), to move between ₩76,293.59 and ₩80,106.41, which gives a possible trading interval of +/-₩1,906.41 (+/-2.44%) up or down from last closing price. If Samsung Electronics Co., Ltd. takes out the full calculated possible swing range there will be an estimated 4.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩78,900.00 (0.90%) than the support at ₩76,900.00 (1.66%), 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.
Earnings coming up
Samsung Electronics Co., Ltd. will release earnings BMO on Thursday, May 23, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.577. We will update the financials statements for Samsung Electronics Co., Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.56% in the first trading day after earnings release.
Is Samsung Electronics Co., Ltd. stock A Buy?
Samsung Electronics Co., Ltd. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.474 Hold/Accumulate Unchanged
Predicted Opening Price for Samsung Electronics Co., Ltd. of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| ₩78,866.67 ( 0.85%) | ₩78,200.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 005930.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 81,066.67 | 3.67 % | |
| R2 | 80,226.27 | 2.59 % | ||
| R1 | 79,707.07 | 1.93 % | ||
| Current price: | 78,200.00 | |||
| Support | S1 | 78,026.27 | -0.222 % | |
| S2 | 77,507.07 | -0.89 % | ||
| S3 | 76,666.67 | -1.96 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 84,100.00 | 7.54 % | |
| R2 | 79,300.00 | 1.41 % | ||
| R1 | 78,900.00 | 0.90 % | ||
| Current price | 78,200.00 | |||
| Support | S1 | 76,900.00 | -1.66% | |
| S2 | 73,300.00 | -6.27% | ||
| S3 | 72,900.00 | -6.78% |
005930 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Aug 16, 2024 | ₩361.00 | 0.460% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | May 17, 2024 | ₩361.00 | 0.460% |
| 3 | Dec 27, 2023 | Dec 27, 2023 | Apr 15, 2024 | ₩361.00 | 0.439% |
| 4 | Sep 26, 2023 | Sep 26, 2023 | Nov 20, 2023 | ₩361.00 | 0.497% |
| 5 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | ₩361.00 | 0.499% |
FAQ
Click here for our free guide on how to buy Samsung Electronics Co., Ltd. Stock.
