Samsung Kodex Transportation ETF - Stock Forecast
Samsung Kodex Transportation ETF - stock upgraded from Buy Candidate to Strong Buy Candidate after Tuesday trading session.
(Updated on Jun 25, 2024)
The Samsung Kodex Transportation ETF - stock price gained 2.84% on the last trading day (Tuesday, 25th Jun 2024), rising from ₩4,930.00 to ₩5,070.00. During the last trading day the stock fluctuated 1.50% from a day low at ₩4,995.00 to a day high of ₩5,070.00. The price has been going up and down for this period, and there has been a 6.18% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 21 thousand more shares were traded than the day before. In total, 56 thousand shares were bought and sold for approximately ₩285.81 million.
The stock has broken the weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at ₩5,033.81, a level that may pose a second chance to hit a runner. According to fan-theory ₩5,391.11 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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140710.KS Signals & Forecast
Mostly positive signals in the chart today. 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 ₩4,959.29 and ₩4,782.71. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 10.58%. 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 Kodex Transportation ETF - stock
Samsung Kodex Transportation ETF - finds support from accumulated volume at ₩4,860.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₩75.00 between high and low, or 1.50%. For the last week, the stock has had daily average volatility of 1.98%.
Our recommended stop-loss: ₩4,886.47 (-3.62%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 30 days ago.)
Trading Expectations (140710.KS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Samsung Kodex Transportation ETF - Equity to open at ₩5,045.00, and during the day (based on 14 day Average True Range), to move between ₩4,974.65 and ₩5,165.35, which gives a possible trading interval of +/-₩95.35 (+/-1.88%) 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 3.76% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₩4,860.00, some ₩210.00 (4.14%) from the current price of ₩5,070.00, our system finds the risk reward attractive.
Is Samsung Kodex Transportation ETF - Equity stock A Buy?
Samsung Kodex Transportation ETF - holds several positive signals and has broken the weak rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.531 Strong Buy Candidate Upgraded
Predicted Opening Price for Samsung Kodex Transportation ETF - Equity of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ₩5,045.00 ( 0.493%) | ₩5,070.00 |
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 | 5,120.00 | 0.99% |
| R2 | 5,091.35 | 0.421% |
| R1 | 5,073.65 | 0.0720% |
| Price | 5,070.00 | |
| S1 | 5,016.35 | -1.06% |
| S2 | 4,998.65 | -1.41% |
| S3 | 4,970.00 | -1.97% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 5,070.00 | |
| S1 | 4,860.00 | -4.14% |
| S2 | 4,830.00 | -4.73% |
| S3 | 4,765.00 | -6.02% |
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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