Samsung SDS Co.,Ltd. Stock Forecast
Samsung SDS Co.,Ltd. stock downgraded from Buy Candidate to Sell Candidate after Friday trading session.
(Updated on May 17, 2024)
The Samsung SDS Co.,Ltd. stock price fell by -1.98% on the last day (Friday, 17th May 2024) from ₩161,700.00 to ₩158,500.00. During the last trading day the stock fluctuated 2.09% from a day low at ₩158,200.00 to a day high of ₩161,500.00. The price has been going up and down for this period, and there has been a -1% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -51 thousand shares and in total, 111 thousand shares were bought and sold for approximately ₩17.62 billion.
The stock lies the upper part of a wide and falling 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 ₩161,576.69 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -4.31% during the next 3 months and, with a 90% probability hold a price between ₩136,893.47 and ₩154,615.06 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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018260.KS Signals & Forecast
The Samsung SDS 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 ₩158,414.29 and ₩155,960.00. 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 Thursday, May 16, 2024, and so far it has fallen -1.98%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Samsung SDS Co.,Ltd. stock
Samsung SDS Co.,Ltd. finds support from accumulated volume at ₩158,200.00 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 ₩3,300.00 between high and low, or 2.09%. For the last week, the stock has had daily average volatility of 2.22%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (018260.KS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Samsung SDS Co.,Ltd. to open at ₩159,400.00, and during the day (based on 14 day Average True Range), to move between ₩154,367.91 and ₩162,632.09, which gives a possible trading interval of +/-₩4,132.09 (+/-2.61%) up or down from last closing price. If Samsung SDS Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 5.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩158,200.00 (0.19%) than the resistance at ₩161,600.00 (1.96%), 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 SDS Co.,Ltd. stock A Buy?
Samsung SDS Co.,Ltd. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -1.676 Sell Candidate Downgraded
Predicted Opening Price for Samsung SDS Co.,Ltd. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ₩159,400.00 ( 0.568%) | ₩158,500.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 018260.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 162,700.00 | 2.65 % | |
| R2 | 161,439.40 | 1.85 % | ||
| R1 | 160,660.60 | 1.36 % | ||
| Current price: | 158,500.00 | |||
| Support | S1 | 158,139.40 | -0.228 % | |
| S2 | 157,360.60 | -0.719 % | ||
| S3 | 156,100.00 | -1.51 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 170,100.00 | 7.32 % | |
| R2 | 161,700.00 | 2.02 % | ||
| R1 | 161,600.00 | 1.96 % | ||
| Current price | 158,500.00 | |||
| Support | S1 | 158,200.00 | -0.189% | |
| S2 | 158,000.00 | -0.315% | ||
| S3 | 157,300.00 | -0.757% |
018260 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 15, 2024 | ₩3,200.00 | 2.16% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩3,200.00 | 2.55% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩2,400.00 | 1.50% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩2,400.00 | 1.35% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩2,400.00 | 1.23% |
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