Samsung KODEX KRX300 ETF Stock Forecast
Samsung KODEX KRX300 ETF stock price up 0.316% on Tuesday
(Updated on May 28, 2024)
The Samsung KODEX KRX300 ETF stock price gained 0.316% on the last trading day (Tuesday, 28th May 2024), rising from ₩15,800.00 to ₩15,850.00. During the last trading day the stock fluctuated 0.92% from a day low at ₩15,705.00 to a day high of ₩15,850.00. The price has risen in 6 of the last 10 days and is up by 0.28% over the past 2 weeks. Volume fell on the last day by -1 thousand shares and in total, 84 shares were bought and sold for approximately ₩1.33 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 middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.98% during the next 3 months and, with a 90% probability hold a price between ₩15,218.26 and ₩17,437.33 at the end of this 3-month period.
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306950.KS Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -2.28%. Further fall is indicated until a new bottom pivot has been found. 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 also not. The Samsung KODEX KRX300 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 ₩15,820.71 and ₩15,643.29. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Samsung KODEX KRX300 ETF stock
On the downside, the stock finds support just below today's level from accumulated volume at ₩15,020.00 and ₩14,940.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Samsung KODEX KRX300 ETF finds support just below today's level at ₩15,020.00. If this is broken, then the next support from accumulated volume will be at ₩14,940.00 and ₩14,700.00.
In general the stock tends to have controlled movements and therefore the general risk is considered 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 ₩145.00 between high and low, or 0.92%. For the last week the stock has had daily average volatility of 1.46%.
Our recommended stop-loss: ₩15,253.65 (-3.76%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 24 days ago.)
Trading Expectations (306950.KS) For The Upcoming Trading Day Of Wednesday 29th
For the upcoming trading day on Wednesday, 29th we expect Samsung KODEX KRX300 ETF to open at ₩15,801.67, and during the day (based on 14 day Average True Range), to move between ₩15,550.19 and ₩16,149.81, which gives a possible trading interval of +/-₩299.81 (+/-1.89%) up or down from last closing price. If Samsung KODEX KRX300 ETF takes out the full calculated possible swing range there will be an estimated 3.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩16,025.00 (1.10%) than the support at ₩15,020.00 (5.24%), 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 KRX300 ETF 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 KRX300 ETF stock to perform well in the short-term.
Current score: 2.621 Buy Candidate Unchanged
Predicted Opening Price for Samsung KODEX KRX300 ETF of Wednesday, May 29, 2024
| Fair opening price May 29, 2024 | Current price |
|---|---|
| ₩15,801.67 ( 0.305%) | ₩15,850.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 306950.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15,946.67 | 0.610 % | |
| R2 | 15,891.28 | 0.260 % | ||
| R1 | 15,857.06 | 0.0445 % | ||
| Current price: | 15,850.00 | |||
| Support | S1 | 15,746.28 | -0.654 % | |
| S2 | 15,712.06 | -0.87 % | ||
| S3 | 15,656.67 | -1.22 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16,205.00 | 2.24 % | |
| R2 | 16,185.00 | 2.11 % | ||
| R1 | 16,025.00 | 1.10 % | ||
| Current price | 15,850.00 | |||
| Support | S1 | 15,020.00 | -5.24% | |
| S2 | 14,940.00 | -5.74% | ||
| S3 | 14,700.00 | -7.26% |
FAQ
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