Samsung Kodex Transportation ETF - Stock Forecast
Stronger technical forecast for Samsung Kodex Transportation ETF - stock price after Friday trading.
(Updated on Jun 14, 2024)
The Samsung Kodex Transportation ETF - stock price gained 1.89% on the last trading day (Friday, 14th Jun 2024), rising from ₩4,760.00 to ₩4,850.00. During the last trading day the stock fluctuated 3.05% from a day low at ₩4,750.00 to a day high of ₩4,895.00. The price has risen in 5 of the last 10 days and is up by 5.78% over the past 2 weeks. Volume fell on the last day by -28 thousand shares and in total, 27 thousand shares were bought and sold for approximately ₩128.58 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 lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at ₩4,923.87 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 3.50% during the next 3 months and, with a 90% probability hold a price between ₩4,676.54 and ₩5,096.31 at the end of this 3-month period.
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140710.KS Signals & Forecast
The Samsung Kodex Transportation ETF - 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 ₩4,811.43 and ₩4,704.86. A breakdown below any of these levels will issue sell signals. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, June 07, 2024, and so far it has fallen -0.82%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Samsung Kodex Transportation ETF - stock
Samsung Kodex Transportation ETF - finds support from accumulated volume at ₩4,830.00 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 ₩145.00 between high and low, or 3.05%. For the last week the stock has had daily average volatility of 2.02%.
Our recommended stop-loss: ₩4,684.57 (-3.41%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 39 days ago.)
Trading Expectations (140710.KS) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Samsung Kodex Transportation ETF - Equity to open at ₩4,831.67, and during the day (based on 14 day Average True Range), to move between ₩4,761.53 and ₩4,938.47, which gives a possible trading interval of +/-₩88.47 (+/-1.82%) up or down from last closing price. If Samsung Kodex Transportation ETF - Equity takes out the full calculated possible swing range there will be an estimated 3.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩4,860.00 (0.21%) than the support at ₩4,830.00 (0.41%), 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 Kodex Transportation ETF - Equity stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Samsung Kodex Transportation ETF - 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: 2.693 Buy Candidate Upgraded
Predicted Opening Price for Samsung Kodex Transportation ETF - Equity of Monday, June 17, 2024
Fair opening price June 17, 2024 | Current price |
---|---|
₩4,831.67 ( 0.378%) | ₩4,850.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 140710.KS
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 4,976.67 | 2.61% |
R2 | 4,921.28 | 1.47% |
R1 | 4,887.06 | 0.764% |
Price | 4,850.00 | |
S1 | 4,776.28 | -1.52% |
S2 | 4,742.06 | -2.23% |
S3 | 4,686.67 | -3.37% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 4,890.00 | 0.82% |
R1 | 4,860.00 | 0.206% |
Price | 4,850.00 | |
S1 | 4,830.00 | -0.412% |
S2 | 4,765.00 | -1.75% |
S3 | 4,665.00 | -3.81% |
140710 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 29, 2024 | Apr 29, 2024 | May 03, 2024 | ₩90.00 | 1.96% |
2 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | ₩115.00 | 2.54% |
3 | Apr 28, 2022 | Apr 28, 2022 | Apr 28, 2022 | ₩25.00 | 0.410% |
4 | Apr 27, 2017 | Apr 27, 2017 | Apr 27, 2017 | ₩10.00 | 0.314% |
5 | Apr 28, 2016 | Apr 28, 2016 | Apr 28, 2016 | ₩10.00 | 0.316% |
FAQ
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