Samsung Kodex TRF3070 ETF Stock Forecast
Green day on Thursday for Samsung Kodex TRF3070 ETF stock after gaining 0.201%
(Updated on May 09, 2024)
The Samsung Kodex TRF3070 ETF stock price gained 0.201% on the last trading day (Thursday, 9th May 2024), rising from ₩12,415.00 to ₩12,440.00. During the last trading day the stock fluctuated 0.484% from a day low at ₩12,385.00 to a day high of ₩12,445.00. The price has risen in 7 of the last 10 days and is up by 1.3% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 8 thousand more shares were traded than the day before. In total, 42 thousand shares were bought and sold for approximately ₩521.29 million.
The stock lies in the middle of a narrow 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 2.42% during the next 3 months and, with a 90% probability hold a price between ₩12,593.46 and ₩12,845.89 at the end of this 3-month period.
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329650.KS Signals & Forecast
Mostly positive signals in the chart today. The Samsung Kodex TRF3070 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 ₩12,360.00 and ₩12,326.71. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 1.63%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Samsung Kodex TRF3070 ETF stock
Samsung Kodex TRF3070 ETF finds support from accumulated volume at ₩12,415.00 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 ₩60.00 between high and low, or 0.484%. For the last week the stock has had daily average volatility of 0.651%.
Our recommended stop-loss: ₩11,767.51 (-5.41%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (329650.KS) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Samsung Kodex TRF3070 ETF to open at ₩12,423.33, and during the day (based on 14 day Average True Range), to move between ₩12,374.95 and ₩12,505.05, which gives a possible trading interval of +/-₩65.05 (+/-0.52%) up or down from last closing price. If Samsung Kodex TRF3070 ETF takes out the full calculated possible swing range there will be an estimated 1.05% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₩12,415.00, some ₩25.00 (0.20%) from the current price of ₩12,440.00, our system finds the risk reward attractive.
Is Samsung Kodex TRF3070 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 TRF3070 ETF stock to perform well in the short-term.
Current score: 4.804 Buy Candidate Unchanged
Predicted Opening Price for Samsung Kodex TRF3070 ETF of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| ₩12,423.33 ( 0.134%) | ₩12,440.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 329650.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12,483.33 | 0.348 % | |
| R2 | 12,460.41 | 0.164 % | ||
| R1 | 12,446.25 | 0.0503 % | ||
| Current price: | 12,440.00 | |||
| Support | S1 | 12,400.41 | -0.318 % | |
| S2 | 12,386.25 | -0.432 % | ||
| S3 | 12,363.33 | -0.616 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 12,440.00 | |||
| Support | S1 | 12,415.00 | -0.201% | |
| S2 | 12,350.00 | -0.723% | ||
| S3 | 12,240.00 | -1.61% |
FAQ
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