Samsung Electro-Mechanics Co., Ltd. Stock Forecast
Samsung Electro-Mechanics Co., Ltd. stock price down 1.28% on Thursday
(Updated on May 09, 2024)
The Samsung Electro-Mechanics Co., Ltd. stock price fell by -1.28% on the last day (Thursday, 9th May 2024) from ₩156,600.00 to ₩154,600.00. During the last trading day the stock fluctuated 1.42% from a day low at ₩154,600.00 to a day high of ₩156,800.00. The price has been going up and down for this period, and there has been a 7.96% gain for the last 2 weeks. Volume has increased on the last day by 32 thousand 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, 281 thousand shares were bought and sold for approximately ₩43.37 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 14.04% during the next 3 months and, with a 90% probability hold a price between ₩167,795.12 and ₩189,665.06 at the end of this 3-month period.
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009150.KS Signals & Forecast
The Samsung Electro-Mechanics Co., Ltd. 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 ₩154,371.43 and ₩150,668.57. 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). 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 07, 2024, and so far it has fallen -2.15%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Samsung Electro-Mechanics Co., Ltd. stock
Samsung Electro-Mechanics Co., Ltd. finds support from accumulated volume at ₩148,000.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₩2,200.00 between high and low, or 1.42%. For the last week, the stock has had daily average volatility of 2.50%.
Our recommended stop-loss: ₩149,011.70 (-3.61%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (009150.KS) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Samsung Electro-Mechanics Co., Ltd. to open at ₩155,333.33, and during the day (based on 14 day Average True Range), to move between ₩149,981.86 and ₩159,218.14, which gives a possible trading interval of +/-₩4,618.14 (+/-2.99%) up or down from last closing price. If Samsung Electro-Mechanics Co., Ltd. takes out the full calculated possible swing range there will be an estimated 5.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩155,400.00 (0.52%) than the support at ₩148,000.00 (4.27%), 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 Electro-Mechanics 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 Electro-Mechanics Co., Ltd. stock to perform well in the short-term.
Current score: 4.749 Buy Candidate Unchanged
Predicted Opening Price for Samsung Electro-Mechanics Co., Ltd. of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| ₩155,333.33 ( 0.474%) | ₩154,600.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 009150.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 157,533.33 | 1.90 % | |
| R2 | 156,692.93 | 1.35 % | ||
| R1 | 156,173.73 | 1.02 % | ||
| Current price: | 154,600.00 | |||
| Support | S1 | 154,492.93 | -0.0693 % | |
| S2 | 153,973.73 | -0.405 % | ||
| S3 | 153,133.33 | -0.95 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 158,900.00 | 2.78 % | |
| R2 | 155,900.00 | 0.84 % | ||
| R1 | 155,400.00 | 0.517 % | ||
| Current price | 154,600.00 | |||
| Support | S1 | 148,000.00 | -4.27% | |
| S2 | 145,600.00 | -5.82% | ||
| S3 | 144,500.00 | -6.53% |
009150 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 15, 2024 | ₩2,100.00 | 1.38% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩2,100.00 | 1.57% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩2,100.00 | 1.07% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩1,400.00 | 0.791% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩1,100.00 | 0.88% |
FAQ
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