Samsung KODEX Gold Futures Special Asset Stock Forecast
Stronger technical forecast for Samsung KODEX Gold Futures Special Asset stock price after Tuesday trading.
(Updated on Jun 25, 2024)
The Samsung KODEX Gold Futures Special Asset stock price gained 0.0347% on the last trading day (Tuesday, 25th Jun 2024), rising from ₩14,420.00 to ₩14,425.00. During the last trading day the stock fluctuated 0.382% from a day low at ₩14,405.00 to a day high of ₩14,460.00. The price has risen in 7 of the last 10 days and is up by 0.91% over the past 2 weeks. Volume fell on the last day by -15 thousand shares and in total, 81 thousand shares were bought and sold for approximately ₩1.17 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 is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at ₩14,277.18 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Samsung KODEX Gold Futures Special Asset stock with a 90% probability to be traded between ₩14,521.18 and ₩15,579.01 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
132030.KS Signals & Forecast
The Samsung KODEX Gold Futures Special Asset 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 ₩14,470.71 and ₩14,568.57. A break-up above any of these levels will issue buy signals. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Monday, June 10, 2024, and so far it has risen 1.37%. 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 KODEX Gold Futures Special Asset stock
Samsung KODEX Gold Futures Special Asset finds support from accumulated volume at ₩14,355.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved ₩55.00 between high and low, or 0.382%. For the last week the stock has had daily average volatility of 0.450%.
Our recommended stop-loss: ₩13,636.97 (-5.46%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (132030.KS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Samsung KODEX Gold Futures Special Asset ETF - Gold-Derivatives (H) to open at ₩14,430.00, and during the day (based on 14 day Average True Range), to move between ₩14,266.59 and ₩14,583.41, which gives a possible trading interval of +/-₩158.41 (+/-1.10%) up or down from last closing price. If Samsung KODEX Gold Futures Special Asset ETF - Gold-Derivatives (H) takes out the full calculated possible swing range there will be an estimated 2.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩14,355.00 (0.49%) than the resistance at ₩14,595.00 (1.18%), 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 KODEX Gold Futures Special Asset ETF - Gold-Derivatives (H) stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.424 Buy Candidate Upgraded
Predicted Opening Price for Samsung KODEX Gold Futures Special Asset ETF - Gold-Derivatives (H) of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ₩14,430.00 ( 0.0347%) | ₩14,425.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 132030.KS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14,485.00 | 0.416% |
| R2 | 14,463.99 | 0.270% |
| R1 | 14,451.01 | 0.180% |
| Price | 14,425.00 | |
| S1 | 14,408.99 | -0.111% |
| S2 | 14,396.01 | -0.201% |
| S3 | 14,375.00 | -0.347% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14,855.00 | 2.98% |
| R2 | 14,605.00 | 1.25% |
| R1 | 14,595.00 | 1.18% |
| Price | 14,425.00 | |
| S1 | 14,355.00 | -0.485% |
| S2 | 14,275.00 | -1.04% |
| S3 | 14,155.00 | -1.87% |
FAQ
Click here for our free guide on how to buy Samsung KODEX Gold Futures Special Asset ETF - Gold-Derivatives (H) Stock.
