Samsung Life Insurance Co., Ltd. Stock Forecast
Weaker technical forecast for Samsung Life Insurance Co., Ltd. as stock downgraded to Hold/Accumulate.
(Updated on Jun 25, 2024)
The Samsung Life Insurance Co., Ltd. stock price gained 0.115% on the last trading day (Tuesday, 25th Jun 2024), rising from ₩87,000.00 to ₩87,100.00. During the last trading day the stock fluctuated 2.31% from a day low at ₩86,700.00 to a day high of ₩88,700.00. The price has risen in 7 of the last 10 days and is up by 3.94% over the past 2 weeks. Volume fell on the last day by -70 thousand shares and in total, 150 thousand shares were bought and sold for approximately ₩13.02 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 middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.59% during the next 3 months and, with a 90% probability hold a price between ₩69,266.87 and ₩87,357.04 at the end of this 3-month period.
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032830.KS Signals & Forecast
The Samsung Life Insurance Co., Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ₩86,200.00 and ₩86,725.71. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 05, 2024, and so far it has risen 7.27%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
Support, Risk & Stop-loss for Samsung Life Insurance Co., Ltd. stock
Samsung Life Insurance Co., Ltd. finds support from accumulated volume at ₩87,000.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock 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 ₩2,000.00 (2.31%) between high and low. For the last week, the stock has had daily average volatility of 3.12%.
Our recommended stop-loss: ₩83,526.50 (-4.10%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 27 days ago.)
Trading Expectations (032830.KS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Samsung Life Insurance Co., Ltd. to open at ₩87,500.00, and during the day (based on 14 day Average True Range), to move between ₩84,330.62 and ₩89,869.38, which gives a possible trading interval of +/-₩2,769.38 (+/-3.18%) up or down from last closing price. If Samsung Life Insurance Co., Ltd. takes out the full calculated possible swing range there will be an estimated 6.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩87,000.00 (0.11%) than the resistance at ₩89,500.00 (2.76%), 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 Life Insurance Co., Ltd. stock A Buy?
Samsung Life Insurance Co., Ltd. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. 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 Hold/Accumulate candidate.
Current score: 0.634 Hold/Accumulate Downgraded
Predicted Opening Price for Samsung Life Insurance Co., Ltd. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ₩87,500.00 ( 0.459%) | ₩87,100.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 032830.KS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 89,500.00 | 2.76% |
| R2 | 88,736.00 | 1.88% |
| R1 | 88,264.00 | 1.34% |
| Price | 87,100.00 | |
| S1 | 86,736.00 | -0.418% |
| S2 | 86,264.00 | -0.96% |
| S3 | 85,500.00 | -1.84% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 95,000.00 | 9.07% |
| R2 | 91,900.00 | 5.51% |
| R1 | 89,500.00 | 2.76% |
| Price | 87,100.00 | |
| S1 | 87,000.00 | -0.115% |
| S2 | 85,000.00 | -2.41% |
| S3 | 84,300.00 | -3.21% |
032830 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Apr 15, 2024 | ₩3,000.00 | 3.69% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩3,000.00 | 4.17% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩3,000.00 | 4.59% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩2,500.00 | 3.16% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩2,650.00 | 3.56% |
FAQ
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