Samsung Investment Trust Management - Stock Forecast
Samsung Investment Trust Management - stock downgraded from Strong Buy Candidate to Buy Candidate after Friday trading session.
(Updated on Jun 21, 2024)
The Samsung Investment Trust Management - stock price fell by -1.61% on the last day (Friday, 21st Jun 2024) from ₩41,315.00 to ₩40,650.00. During the last trading day the stock fluctuated 0.395% from a day low at ₩40,490.00 to a day high of ₩40,650.00. The price has risen in 6 of the last 10 days and is up by 5.75% over the past 2 weeks. Volume has increased on the last day by 63 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, 219 thousand shares were bought and sold for approximately ₩8.92 billion.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at ₩41,385.50 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 11.38% during the next 3 months and, with a 90% probability hold a price between ₩40,787.34 and ₩46,097.05 at the end of this 3-month period.
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314250.KS Signals & Forecast
The Samsung Investment Trust Management - stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₩40,705.00. On a fall, the stock will find some support from the long-term average at approximately ₩38,155.14. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Thursday, June 20, 2024, and so far it has fallen -1.61%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Samsung Investment Trust Management - stock
On the downside, the stock finds support just below today's level from accumulated volume at ₩37,620.00 and ₩37,155.00. 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 Investment Trust Management - finds support just below today's level at ₩37,620.00. If this is broken, then the next support from accumulated volume will be at ₩37,155.00 and ₩36,590.00.
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 ₩160.00 between high and low, or 0.395%. For the last week, the stock has had daily average volatility of 0.529%.
Our recommended stop-loss: ₩39,417.64 (-3.03%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 39 days ago.)
Trading Expectations (314250.KS) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Samsung Investment Trust Management - Samsung Kodex Fang Plus ETF to open at ₩40,596.67, and during the day (based on 14 day Average True Range), to move between ₩40,185.12 and ₩41,114.88, which gives a possible trading interval of +/-₩464.88 (+/-1.14%) up or down from last closing price. If Samsung Investment Trust Management - Samsung Kodex Fang Plus ETF takes out the full calculated possible swing range there will be an estimated 2.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩40,995.00 (0.85%) than the support at ₩37,620.00 (7.45%), 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 - Samsung Kodex Fang Plus 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 Investment Trust Management - stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 3.173 Buy Candidate Downgraded
Predicted Opening Price for Samsung Investment Trust Management - Samsung Kodex Fang Plus ETF of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| ₩40,596.67 ( 0.131%) | ₩40,650.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 314250.KS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 40,756.67 | 0.262% |
| R2 | 40,695.55 | 0.112% |
| R1 | 40,657.79 | 0.0192% |
| Price | 40,650.00 | |
| S1 | 40,535.55 | -0.282% |
| S2 | 40,497.79 | -0.374% |
| S3 | 40,436.67 | -0.525% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 41,315.00 | 1.64% |
| R2 | 41,245.00 | 1.46% |
| R1 | 40,995.00 | 0.85% |
| Price | 40,650.00 | |
| S1 | 37,620.00 | -7.45% |
| S2 | 37,155.00 | -8.60% |
| S3 | 36,590.00 | -9.99% |
FAQ
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