Samsung KODEX Energy & Chemicals Stock Forecast
Green day on Friday for Samsung KODEX Energy & Chemicals
(Updated on May 03, 2024)
The Samsung KODEX Energy & Chemicals stock price gained 2.13% on the last trading day (Friday, 3rd May 2024), rising from ₩5,860.00 to ₩5,985.00. During the last trading day the stock fluctuated 2.71% from a day low at ₩5,910.00 to a day high of ₩6,070.00. The price has risen in 7 of the last 10 days and is up by 17.12% over the past 2 weeks. Volume fell on the last day by -274 thousand shares and in total, 483 thousand shares were bought and sold for approximately ₩2.89 billion. 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 has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at ₩5,769.50, a level that may pose a second chance to hit a runner. According to fan-theory ₩6,432.14 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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372330.KS Signals & Forecast
The Samsung KODEX Energy & Chemicals 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 ₩5,651.43 and ₩5,276.00. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 19.94%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Samsung KODEX Energy & Chemicals stock
On the downside, the stock finds support just below today's level from accumulated volume at ₩5,155.00 and ₩5,015.00. 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 Energy & Chemicals finds support just below today's level at ₩5,155.00. If this is broken, then the next support from accumulated volume will be at ₩5,015.00 and ₩4,960.00.
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 2.71%. For the last week, the stock has had daily average volatility of 3.82%.
Our recommended stop-loss: ₩5,804.25 (-3.02%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (372330.KS) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Samsung KODEX Energy & Chemicals Securities ETF - Samsung Kodex China Hang Seng Tech ETF to open at ₩5,988.33, and during the day (based on 14 day Average True Range), to move between ₩5,824.55 and ₩6,145.45, which gives a possible trading interval of +/-₩160.45 (+/-2.68%) up or down from last closing price. If Samsung KODEX Energy & Chemicals Securities ETF - Samsung Kodex China Hang Seng Tech ETF takes out the full calculated possible swing range there will be an estimated 5.36% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₩5,155.00, some ₩830.00 (13.87%) from the current price of ₩5,985.00, our system finds the risk reward attractive.
Is Samsung KODEX Energy & Chemicals Securities ETF - Samsung Kodex China Hang Seng Tech ETF stock A Buy?
Samsung KODEX Energy & Chemicals 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: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Samsung KODEX Energy & Chemicals Securities ETF - Samsung Kodex China Hang Seng Tech ETF of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| ₩5,988.33 ( 0.0557%) | ₩5,985.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 372330.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6,148.33 | 2.73 % | |
| R2 | 6,087.21 | 1.71 % | ||
| R1 | 6,049.45 | 1.08 % | ||
| Current price: | 5,985.00 | |||
| Support | S1 | 5,927.21 | -0.97 % | |
| S2 | 5,889.45 | -1.60 % | ||
| S3 | 5,828.33 | -2.62 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 5,985.00 | |||
| Support | S1 | 5,155.00 | -13.87% | |
| S2 | 5,015.00 | -16.21% | ||
| S3 | 4,960.00 | -17.13% |
372330 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 30, 2024 | Jan 30, 2024 | Feb 02, 2024 | ₩10.00 | 0.225% |
| 2 | Jul 28, 2023 | Jul 28, 2023 | Jul 28, 2023 | ₩8.00 | 0.126% |
FAQ
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