Samsung Investment Trust Management - Stock Forecast
Green day on Friday for Samsung Investment Trust Management - stock after gaining 0.369%
(Updated on May 31, 2024)
The Samsung Investment Trust Management - stock price gained 0.369% on the last trading day (Friday, 31st May 2024), rising from ₩10,830.00 to ₩10,870.00. During the last trading day the stock fluctuated 0% from a day low at ₩10,870.00 to a day high of ₩10,870.00. The price has fallen in 6 of the last 10 days and is down by -3.03% for this period. Volume fell on the last day by -71 shares and in total, 1 shares were bought and sold for approximately ₩10.87 thousand. 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 horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Samsung Investment Trust Management - stock with a 90% probability to be traded between ₩10,754.89 and ₩11,453.78 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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279540.KS Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 0.369%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Samsung Investment Trust Management - stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ₩10,964.29 and ₩10,951.71. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Samsung Investment Trust Management - stock
Samsung Investment Trust Management - finds support from accumulated volume at ₩10,845.00 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved ₩0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.119%
Our recommended stop-loss: ₩10,250.55 (-5.70%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (279540.KS) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Samsung Investment Trust Management - Samsung Kodex Minimum Volitality ETF Fund to open at ₩10,870.00, and during the day (based on 14 day Average True Range), to move between ₩10,793.61 and ₩10,946.39, which gives a possible trading interval of +/-₩76.39 (+/-0.70%) up or down from last closing price. If Samsung Investment Trust Management - Samsung Kodex Minimum Volitality ETF Fund takes out the full calculated possible swing range there will be an estimated 1.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩10,845.00 (0.23%) than the resistance at ₩10,970.00 (0.92%), 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 Investment Trust Management - Samsung Kodex Minimum Volitality ETF Fund stock A Buy?
Samsung Investment Trust Management - holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.647 Hold/Accumulate Unchanged
Predicted Opening Price for Samsung Investment Trust Management - Samsung Kodex Minimum Volitality ETF Fund of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| ₩10,870.00 ( 0%) | ₩10,870.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 279540.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10,870.00 | . | |
| R2 | 10,870.00 | . | ||
| R1 | 10,870.00 | . | ||
| Current price: | 10,870.00 | |||
| Support | S1 | 10,870.00 | . | |
| S2 | 10,870.00 | . | ||
| S3 | 10,870.00 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11,310.00 | 4.05 % | |
| R2 | 11,240.00 | 3.40 % | ||
| R1 | 10,970.00 | 0.92 % | ||
| Current price | 10,870.00 | |||
| Support | S1 | 10,845.00 | -0.230% | |
| S2 | 10,835.00 | -0.322% | ||
| S3 | 10,645.00 | -2.07% |
279540 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | May 03, 2024 | ₩250.00 | 2.31% |
| 2 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | ₩240.00 | 2.35% |
| 3 | Apr 28, 2022 | Apr 28, 2022 | Apr 28, 2022 | ₩235.00 | 2.06% |
FAQ
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