Samsung KODEX Energy & chemicals Stock Forecast
Stronger technical forecast for Samsung KODEX Energy & chemicals stock price after Friday trading.
(Updated on May 17, 2024)
The Samsung KODEX Energy & chemicals stock price fell by -1.42% on the last day (Friday, 17th May 2024) from ₩13,355.00 to ₩13,165.00. During the last trading day the stock fluctuated 3.62% from a day low at ₩12,980.00 to a day high of ₩13,450.00. The price has risen in 6 of the last 10 days and is up by 5.07% over the past 2 weeks. Volume has increased on the last day by 7 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, 11 thousand shares were bought and sold for approximately ₩148.34 million.
The stock lies in the middle of a strong 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 32.11% during the next 3 months and, with a 90% probability hold a price between ₩16,201.36 and ₩17,715.82 at the end of this 3-month period.
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373490.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 ₩13,077.14 and ₩12,117.71. A breakdown below any of these levels will issue sell signals. 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, May 16, 2024, and so far it has fallen -1.42%. 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 KODEX Energy & chemicals stock
Samsung KODEX Energy & chemicals finds support from accumulated volume at ₩12,530.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 ₩470.00 between high and low, or 3.62%. For the last week, the stock has had daily average volatility of 2.47%.
Our recommended stop-loss: ₩12,769.97 (-3.00%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 77 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (373490.KS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Samsung KODEX Energy & chemicals Securities ETF - Kodex K-Innovation Active Etf to open at ₩13,198.33, and during the day (based on 14 day Average True Range), to move between ₩12,834.12 and ₩13,495.88, which gives a possible trading interval of +/-₩330.88 (+/-2.51%) up or down from last closing price. If Samsung KODEX Energy & chemicals Securities ETF - Kodex K-Innovation Active Etf takes out the full calculated possible swing range there will be an estimated 5.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩13,355.00 (1.44%) than the support at ₩12,530.00 (4.82%), 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 Energy & chemicals Securities ETF - Kodex K-Innovation Active 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 Energy & chemicals stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.549 Buy Candidate Upgraded
Predicted Opening Price for Samsung KODEX Energy & chemicals Securities ETF - Kodex K-Innovation Active Etf of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ₩13,198.33 ( 0.253%) | ₩13,165.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 373490.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13,668.33 | 3.82 % | |
| R2 | 13,488.79 | 2.46 % | ||
| R1 | 13,377.87 | 1.62 % | ||
| Current price: | 13,165.00 | |||
| Support | S1 | 13,018.79 | -1.11 % | |
| S2 | 12,907.87 | -1.95 % | ||
| S3 | 12,728.33 | -3.32 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 13,355.00 | 1.44 % | ||
| Current price | 13,165.00 | |||
| Support | S1 | 12,530.00 | -4.82% | |
| S2 | 12,200.00 | -7.33% | ||
| S3 | 12,055.00 | -8.43% |
373490 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | May 03, 2024 | ₩40.00 | 0.321% |
| 2 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | ₩38.00 | 0.372% |
| 3 | Apr 28, 2022 | Apr 28, 2022 | Apr 28, 2022 | ₩50.00 | 0.504% |
FAQ
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