Samsung Investment Trust - Kodex Stock Forecast
Green day on Thursday for Samsung Investment Trust - Kodex
(Updated on Jun 20, 2024)
The Samsung Investment Trust - Kodex stock price gained 3.00% on the last trading day (Thursday, 20th Jun 2024), rising from ₩9,660.00 to ₩9,950.00. 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 3.32% from a day low at ₩9,630.00 to a day high of ₩9,950.00. The price has been going up and down for this period, and there has been a 5.18% gain for the last 2 weeks. Volume fell on the last day by -19 thousand shares and in total, 77 thousand shares were bought and sold for approximately ₩767.65 million. 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 moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Samsung Investment Trust - Kodex stock with a 90% probability to be traded between ₩8,854.31 and ₩10,294.78 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.
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140700.KS Signals & Forecast
The Samsung Investment Trust - Kodex 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 ₩9,522.86 and ₩9,548.43. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 6.47%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Samsung Investment Trust - Kodex stock
Samsung Investment Trust - Kodex finds support from accumulated volume at ₩9,850.00 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 ₩320.00 between high and low, or 3.32%. For the last week the stock has had daily average volatility of 2.31%.
Our recommended stop-loss: ₩9,484.13 (-4.68%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 24 days ago.)
Trading Expectations (140700.KS) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Samsung Investment Trust - Kodex Insurance ETF to open at ₩9,843.33, and during the day (based on 14 day Average True Range), to move between ₩9,723.96 and ₩10,176.04, which gives a possible trading interval of +/-₩226.04 (+/-2.27%) up or down from last closing price. If Samsung Investment Trust - Kodex Insurance ETF takes out the full calculated possible swing range there will be an estimated 4.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩9,955.00 (0.05%) than the support at ₩9,850.00 (1.01%), 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 Investment Trust - Kodex Insurance ETF stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Samsung Investment Trust - Kodex stock to perform well in the short-term period.
Current score: 3.065 Buy Candidate Unchanged
Predicted Opening Price for Samsung Investment Trust - Kodex Insurance ETF of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| ₩9,843.33 ( 1.07%) | ₩9,950.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 140700.KS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10,163.33 | 2.14% |
| R2 | 10,041.09 | 0.92% |
| R1 | 9,965.57 | 0.157% |
| Price | 9,950.00 | |
| S1 | 9,721.09 | -2.30% |
| S2 | 9,645.57 | -3.06% |
| S3 | 9,523.33 | -4.29% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10,300.00 | 3.52% |
| R2 | 10,040.00 | 0.90% |
| R1 | 9,955.00 | 0.0503% |
| Price | 9,950.00 | |
| S1 | 9,850.00 | -1.01% |
| S2 | 9,415.00 | -5.38% |
| S3 | 8,955.00 | -10.00% |
140700 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | May 03, 2024 | ₩435.00 | 4.84% |
| 2 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | ₩310.00 | 4.07% |
| 3 | Apr 28, 2022 | Apr 28, 2022 | Apr 28, 2022 | ₩255.00 | 3.56% |
| 4 | Apr 27, 2017 | Apr 27, 2017 | Apr 27, 2017 | ₩190.00 | 2.20% |
| 5 | Apr 28, 2016 | Apr 28, 2016 | Apr 28, 2016 | ₩165.00 | 1.85% |
FAQ
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