Samsung Heavy Industries Co., Ltd. Stock Forecast
Green day on Thursday for Samsung Heavy Industries Co., Ltd.
(Updated on May 16, 2024)
The Samsung Heavy Industries Co., Ltd. stock price gained 0.197% on the last trading day (Thursday, 16th May 2024), rising from ₩10,130.00 to ₩10,150.00. During the last trading day the stock fluctuated 1.89% from a day low at ₩10,040.00 to a day high of ₩10,230.00. The price has risen in 6 of the last 10 days and is up by 5.73% 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, 580 thousand more shares were traded than the day before. In total, 8 million shares were bought and sold for approximately ₩80.09 billion.
The stock lies in the upper part of a strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at ₩10,258.27 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 33.25% during the next 3 months and, with a 90% probability hold a price between ₩12,620.19 and ₩13,669.28 at the end of this 3-month period.
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010140.KS Signals & Forecast
The Samsung Heavy Industries 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 ₩9,920.00 and ₩9,224.00. A breakdown below any of these levels will issue sell signals. 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 Monday, May 13, 2024, and so far it has fallen -0.197%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Samsung Heavy Industries Co., Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at ₩9,630.00 and ₩9,540.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Samsung Heavy Industries Co., Ltd. finds support just below today's level at ₩9,630.00. If this is broken, then the next support from accumulated volume will be at ₩9,540.00 and ₩9,010.00.
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 ₩190.00 between high and low, or 1.89%. For the last week, the stock has had daily average volatility of 2.72%.
Our recommended stop-loss: ₩9,765.23 (-3.79%) (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 (010140.KS) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Samsung Heavy Industries Co., Ltd. to open at ₩10,140.00, and during the day (based on 14 day Average True Range), to move between ₩9,826.29 and ₩10,473.71, which gives a possible trading interval of +/-₩323.71 (+/-3.19%) up or down from last closing price. If Samsung Heavy Industries Co., Ltd. takes out the full calculated possible swing range there will be an estimated 6.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩10,170.00 (0.20%) than the support at ₩9,630.00 (5.12%), 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 Heavy Industries 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 Heavy Industries Co., Ltd. stock to perform well in the short-term.
Current score: 1.837 Buy Candidate Unchanged
Predicted Opening Price for Samsung Heavy Industries Co., Ltd. of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| ₩10,140.00 ( 0.0985%) | ₩10,150.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 010140.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10,330.00 | 1.77 % | |
| R2 | 10,257.42 | 1.06 % | ||
| R1 | 10,212.58 | 0.617 % | ||
| Current price: | 10,150.00 | |||
| Support | S1 | 10,067.42 | -0.81 % | |
| S2 | 10,022.58 | -1.26 % | ||
| S3 | 9,950.00 | -1.97 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 10,170.00 | 0.197 % | ||
| Current price | 10,150.00 | |||
| Support | S1 | 9,630.00 | -5.12% | |
| S2 | 9,540.00 | -6.01% | ||
| S3 | 9,010.00 | -11.23% |
010140 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 29, 2014 | Dec 29, 2014 | Dec 29, 2014 | ₩184.50 | 1.17% |
| 2 | Dec 27, 2013 | Dec 27, 2013 | Dec 27, 2013 | ₩368.99 | 1.24% |
| 3 | Dec 27, 2012 | Dec 27, 2012 | Dec 27, 2012 | ₩368.99 | 1.25% |
| 4 | Dec 28, 2011 | Dec 28, 2011 | Dec 28, 2011 | ₩368.99 | 1.68% |
| 5 | Dec 29, 2010 | Dec 29, 2010 | Dec 29, 2010 | ₩368.99 | 1.15% |
FAQ
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