Samsung Engineering Co., Ltd. Stock Forecast
Samsung Engineering Co., Ltd. stock price down 1.81% on Friday
(Updated on May 17, 2024)
The Samsung Engineering Co., Ltd. stock price fell by -1.81% on the last day (Friday, 17th May 2024) from ₩24,900.00 to ₩24,450.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.26% from a day low at ₩24,350.00 to a day high of ₩24,900.00. The price has fallen in 7 of the last 10 days and is down by -7.56% for this period. 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 -423 thousand shares and in total, 660 thousand shares were bought and sold for approximately ₩16.14 billion.
The stock has broken the wide and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at ₩24,818.02. A reaction back to this level may hold a second chance to get out before further falls.
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028050.KS Signals & Forecast
There are few to no technical positive signals at the moment. The Samsung Engineering 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 ₩25,285.71 and ₩25,545.71. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 26, 2024, and so far it has fallen -8.08%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Tuesday, February 27, 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 Tuesday, February 27, 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 Engineering Co., Ltd. stock
Samsung Engineering Co., Ltd. finds support from accumulated volume at ₩24,200.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock 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 ₩550.00 (2.26%) between high and low. For the last week, the stock has had daily average volatility of 2.36%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (028050.KS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Samsung Engineering Co., Ltd. to open at ₩24,566.67, and during the day (based on 14 day Average True Range), to move between ₩23,679.23 and ₩25,220.77, which gives a possible trading interval of +/-₩770.77 (+/-3.15%) up or down from last closing price. If Samsung Engineering Co., Ltd. takes out the full calculated possible swing range there will be an estimated 6.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩24,200.00 (1.02%) than the resistance at ₩25,300.00 (3.48%), 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 Engineering Co., Ltd. stock A Buy?
The Samsung Engineering Co., Ltd. stock holds several negative signals and despite the positive trend, we believe Samsung Engineering Co., Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.724 Sell Candidate Unchanged
Predicted Opening Price for Samsung Engineering Co., Ltd. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ₩24,566.67 ( 0.477%) | ₩24,450.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 028050.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 25,116.67 | 2.73 % | |
| R2 | 24,906.57 | 1.87 % | ||
| R1 | 24,776.77 | 1.34 % | ||
| Current price: | 24,450.00 | |||
| Support | S1 | 24,356.57 | -0.382 % | |
| S2 | 24,226.77 | -0.91 % | ||
| S3 | 24,016.67 | -1.77 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 26,150.00 | 6.95 % | |
| R2 | 25,700.00 | 5.11 % | ||
| R1 | 25,300.00 | 3.48 % | ||
| Current price | 24,450.00 | |||
| Support | S1 | 24,200.00 | -1.02% | |
| S2 | 23,800.00 | -2.66% | ||
| S3 | 23,650.00 | -3.27% |
028050 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2012 | Dec 27, 2012 | Dec 27, 2012 | ₩3,000.00 | 1.82% |
| 2 | Dec 28, 2011 | Dec 28, 2011 | Dec 28, 2011 | ₩3,000.00 | 1.51% |
| 3 | Dec 29, 2010 | Dec 29, 2010 | Dec 29, 2010 | ₩2,500.00 | 1.28% |
| 4 | Dec 29, 2009 | Dec 29, 2009 | Dec 29, 2009 | ₩2,000.00 | 1.87% |
| 5 | Dec 29, 2008 | Dec 29, 2008 | Dec 29, 2008 | ₩1,500.00 | 3.49% |
FAQ
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