Samsung Investment Trust Management - Stock Forecast
Weaker technical forecast for Samsung Investment Trust Management - as stock downgraded to Strong Sell Candidate.
(Updated on Jun 21, 2024)
The Samsung Investment Trust Management - stock price fell by -0.654% on the last day (Friday, 21st Jun 2024) from ₩6,120.00 to ₩6,080.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 0.412% from a day low at ₩6,075.00 to a day high of ₩6,100.00. The price has fallen in 6 of the last 10 days but is still up by 0.41% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -1 thousand shares and in total, 2 thousand shares were bought and sold for approximately ₩14.53 million.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.56% during the next 3 months and, with a 90% probability hold a price between ₩5,571.55 and ₩5,978.74 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
280940.KS Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 ₩6,157.86 and ₩6,112.86. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 11, 2024, and so far it has fallen -2.41%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Samsung Investment Trust Management - stock
Samsung Investment Trust Management - finds support from accumulated volume at ₩6,025.00 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 ₩25.00 between high and low, or 0.412%. For the last week the stock has had daily average volatility of 0.603%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (280940.KS) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Samsung Investment Trust Management - Kodex Gold Inverse Futures ETF Fund to open at ₩6,085.00, and during the day (based on 14 day Average True Range), to move between ₩6,010.96 and ₩6,149.04, which gives a possible trading interval of +/-₩69.04 (+/-1.14%) up or down from last closing price. If Samsung Investment Trust Management - Kodex Gold Inverse Futures ETF Fund takes out the full calculated possible swing range there will be an estimated 2.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩6,115.00 (0.58%) than the support at ₩6,025.00 (0.90%), 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 Management - Kodex Gold Inverse Futures ETF Fund stock A Buy?
Samsung Investment Trust Management - holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.019 Strong Sell Candidate Downgraded
Predicted Opening Price for Samsung Investment Trust Management - Kodex Gold Inverse Futures ETF Fund of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| ₩6,085.00 ( 0.0822%) | ₩6,080.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 280940.KS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6,110.00 | 0.493% |
| R2 | 6,100.45 | 0.336% |
| R1 | 6,094.55 | 0.239% |
| Price | 6,080.00 | |
| S1 | 6,075.45 | -0.0748% |
| S2 | 6,069.55 | -0.172% |
| S3 | 6,060.00 | -0.329% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6,315.00 | 3.87% |
| R2 | 6,225.00 | 2.38% |
| R1 | 6,115.00 | 0.576% |
| Price | 6,080.00 | |
| S1 | 6,025.00 | -0.90% |
| S2 | 5,985.00 | -1.56% |
| S3 | 5,865.00 | -3.54% |
FAQ
Click here for our free guide on how to buy Samsung Investment Trust Management - Kodex Gold Inverse Futures ETF Fund Stock.
