Samsung Life Insurance Co., Ltd. Stock Forecast
Samsung Life Insurance Co., Ltd. stock upgraded from Sell Candidate to Buy Candidate after Friday trading session.
(Updated on Jun 28, 2024)
The Samsung Life Insurance Co., Ltd. stock price gained 2.31% on the last trading day (Friday, 28th Jun 2024), rising from ₩86,500.00 to ₩88,500.00. During the last trading day the stock fluctuated 4.37% from a day low at ₩87,000.00 to a day high of ₩90,800.00. The price has risen in 7 of the last 10 days and is up by 6.76% 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, 167 thousand more shares were traded than the day before. In total, 379 thousand shares were bought and sold for approximately ₩33.55 billion.
The stock lies in the middle of a 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 -2.80% during the next 3 months and, with a 90% probability hold a price between ₩73,124.97 and ₩91,028.64 at the end of this 3-month period.
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032830.KS Signals & Forecast
Mostly positive signals in the chart today. 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. 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 ₩87,328.57 and ₩86,754.29. 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 8.99%. 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 is rising along with the price. This is considered to be a good technical signal.
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 ₩3,800.00 (4.37%) between high and low. For the last week, the stock has had daily average volatility of 3.13%.
Our recommended stop-loss: ₩85,135.26 (-3.80%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 30 days ago.)
Trading Expectations (032830.KS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Samsung Life Insurance Co., Ltd. to open at ₩88,766.67, and during the day (based on 14 day Average True Range), to move between ₩85,645.73 and ₩91,354.27, which gives a possible trading interval of +/-₩2,854.27 (+/-3.23%) 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 6.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩89,500.00 (1.13%) than the support at ₩87,000.00 (1.69%), 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 Life Insurance Co., Ltd. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.426 Buy Candidate Upgraded
Predicted Opening Price for Samsung Life Insurance Co., Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ₩88,766.67 ( 0.301%) | ₩88,500.00 |
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 | 92,566.67 | 4.60% |
| R2 | 91,115.07 | 2.95% |
| R1 | 90,218.27 | 1.94% |
| Price | 88,500.00 | |
| S1 | 87,315.07 | -1.34% |
| S2 | 86,418.27 | -2.35% |
| S3 | 84,966.67 | -3.99% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 95,000.00 | 7.34% |
| R2 | 91,900.00 | 3.84% |
| R1 | 89,500.00 | 1.13% |
| Price | 88,500.00 | |
| S1 | 87,000.00 | -1.69% |
| S2 | 85,000.00 | -3.95% |
| S3 | 84,300.00 | -4.75% |
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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