Samsung Card Co., Ltd. Stock Forecast
Green day on Friday for Samsung Card Co., Ltd. stock after gaining 1.21%
(Updated on Jun 21, 2024)
The Samsung Card Co., Ltd. stock price gained 1.21% on the last trading day (Friday, 21st Jun 2024), rising from ₩37,200.00 to ₩37,650.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.47% from a day low at ₩37,300.00 to a day high of ₩37,850.00. The price has risen in 6 of the last 10 days but is still down by -2.71% for this period. Volume fell on the last day by -6 thousand shares and in total, 76 thousand shares were bought and sold for approximately ₩2.85 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 ₩36,808.26 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 4.31% during the next 3 months and, with a 90% probability hold a price between ₩38,395.83 and ₩45,355.10 at the end of this 3-month period.
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029780.KS Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 2.17%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Samsung Card 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 ₩38,278.57 and ₩39,090.00. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Samsung Card Co., Ltd. stock
Samsung Card Co., Ltd. finds support from accumulated volume at ₩37,000.00 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 ₩550.00 between high and low, or 1.47%. For the last week, the stock has had daily average volatility of 2.08%.
Our recommended stop-loss: ₩35,732.81 (-5.09%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (029780.KS) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Samsung Card Co., Ltd. to open at ₩37,600.00, and during the day (based on 14 day Average True Range), to move between ₩36,342.57 and ₩38,957.43, which gives a possible trading interval of +/-₩1,307.43 (+/-3.47%) up or down from last closing price. If Samsung Card Co., Ltd. takes out the full calculated possible swing range there will be an estimated 6.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩37,850.00 (0.53%) than the support at ₩37,000.00 (1.73%), 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 Card Co., Ltd. stock A Buy?
Samsung Card 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: -0.475 Hold/Accumulate Unchanged
Predicted Opening Price for Samsung Card Co., Ltd. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| ₩37,600.00 ( 0.133%) | ₩37,650.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 029780.KS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 38,150.00 | 1.33% |
| R2 | 37,939.90 | 0.770% |
| R1 | 37,810.10 | 0.425% |
| Price | 37,650.00 | |
| S1 | 37,389.90 | -0.691% |
| S2 | 37,260.10 | -1.04% |
| S3 | 37,050.00 | -1.59% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 39,250.00 | 4.25% |
| R2 | 38,200.00 | 1.46% |
| R1 | 37,850.00 | 0.531% |
| Price | 37,650.00 | |
| S1 | 37,000.00 | -1.73% |
| S2 | 36,450.00 | -3.19% |
| S3 | 35,400.00 | -5.98% |
029780 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 26, 2024 | Mar 26, 2024 | Apr 01, 2024 | ₩2,500.00 | 6.80% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩2,500.00 | 8.32% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩2,300.00 | 7.24% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩1,800.00 | 5.44% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩1,600.00 | 4.15% |
FAQ
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