Samsung Kodex Morningstar Multi-Asset Stock Forecast

Green day on Friday for Samsung Kodex Morningstar Multi-Asset stock after gaining 0.155%
(Updated on May 17, 2024)

321410.KS Signals & Forecast

Mostly positive signals in the chart today. The Samsung Kodex Morningstar Multi-Asset 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 ₩9,607.14 and ₩9,507.57. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 3.20%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Samsung Kodex Morningstar Multi-Asset has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. The stock had a Golden Star Signal on Thursday, May 02, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, May 02, 2024.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Samsung Kodex Morningstar Multi-Asset stock

Samsung Kodex Morningstar Multi-Asset finds support from accumulated volume at ₩9,555.00 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 ₩0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.334%.

Our recommended stop-loss: ₩9,116.03 (-5.68%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 20 days ago.)

Trading Expectations (321410.KS) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Samsung Kodex Morningstar Multi-Asset High Income ETF (H) to open at ₩9,665.00, and during the day (based on 14 day Average True Range), to move between ₩9,604.20 and ₩9,725.80, which gives a possible trading interval of +/-₩60.80 (+/-0.63%) up or down from last closing price. If Samsung Kodex Morningstar Multi-Asset High Income ETF (H) takes out the full calculated possible swing range there will be an estimated 1.26% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ ₩9,555.00, some ₩110.00 (1.14%) from the current price of ₩9,665.00, our system finds the risk reward attractive.

Is Samsung Kodex Morningstar Multi-Asset High Income ETF (H) stock A Buy?

Several short-term signals are positive and the stock has broken the horizontal trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Samsung Kodex Morningstar Multi-Asset stock to perform well in the short-term period.

Current score: 4.131 Buy Candidate Unchanged

Predicted Opening Price for Samsung Kodex Morningstar Multi-Asset High Income ETF (H) of Monday, May 20, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.