Samsung Investment Trust Management - Stock Forecast
Samsung Investment Trust Management - stock price ended at ₩12,800.00 on Thursday, after losing 0.0390%.
(Updated on May 02, 2024)
The Samsung Investment Trust Management - stock price fell by -0.0390% on the last day (Thursday, 2nd May 2024) from ₩12,805.00 to ₩12,800.00. During the last trading day the stock fluctuated 0.90% from a day low at ₩12,760.00 to a day high of ₩12,875.00. The price has risen in 5 of the last 10 days and is up by 0.95% over the past 2 weeks. Volume has increased on the last day by 4 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 41 thousand shares were bought and sold for approximately ₩526.58 million.
The stock lies in the lower part of a narrow and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₩12,714.27 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 2.47% during the next 3 months and, with a 90% probability hold a price between ₩13,028.89 and ₩13,620.65 at the end of this 3-month period.
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284430.KS Signals & Forecast
There are mixed signals in the stock today. The Samsung Investment Trust Management - stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ₩12,806.29. On a fall, the stock will find some support from the short-term average at ₩12,751.43. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 1.03%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Samsung Investment Trust Management - stock
Samsung Investment Trust Management - finds support from accumulated volume at ₩12,585.00 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 ₩115.00 between high and low, or 0.90%. For the last week the stock has had daily average volatility of 0.92%.
Our recommended stop-loss: ₩12,191.52 (-4.75%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (284430.KS) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Samsung Investment Trust Management - Kodex 200 US Treasury Notes Balanced ETF Fund to open at ₩12,811.67, and during the day (based on 14 day Average True Range), to move between ₩12,686.27 and ₩12,913.73, which gives a possible trading interval of +/-₩113.73 (+/-0.89%) up or down from last closing price. If Samsung Investment Trust Management - Kodex 200 US Treasury Notes Balanced ETF Fund takes out the full calculated possible swing range there will be an estimated 1.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩12,805.00 (0.04%) than the support at ₩12,585.00 (1.68%), 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 200 US Treasury Notes Balanced ETF Fund stock A Buy?
Samsung Investment Trust Management - holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.676 Hold/Accumulate Unchanged
Predicted Opening Price for Samsung Investment Trust Management - Kodex 200 US Treasury Notes Balanced ETF Fund of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| ₩12,811.67 ( 0.0911%) | ₩12,800.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 284430.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12,926.67 | 0.99 % | |
| R2 | 12,882.74 | 0.646 % | ||
| R1 | 12,855.60 | 0.434 % | ||
| Current price: | 12,800.00 | |||
| Support | S1 | 12,767.74 | -0.252 % | |
| S2 | 12,740.60 | -0.464 % | ||
| S3 | 12,696.67 | -0.81 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12,980.00 | 1.41 % | |
| R2 | 12,865.00 | 0.508 % | ||
| R1 | 12,805.00 | 0.0391 % | ||
| Current price | 12,800.00 | |||
| Support | S1 | 12,585.00 | -1.68% | |
| S2 | 12,580.00 | -1.72% | ||
| S3 | 12,545.00 | -1.99% |
FAQ
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