Mirae Asset Life Insurance Co., Ltd. Stock Forecast
Mirae Asset Life Insurance Co., Ltd. stock price ended at ₩4,665.00 on Monday, after gaining 0.107%.
(Updated on Jun 17, 2024)
The Mirae Asset Life Insurance Co., Ltd. stock price gained 0.107% on the last trading day (Monday, 17th Jun 2024), rising from ₩4,660.00 to ₩4,665.00. During the last trading day the stock fluctuated 3.03% from a day low at ₩4,620.00 to a day high of ₩4,760.00. The price has fallen in 7 of the last 10 days and is down by -10.8% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 22 thousand more shares were traded than the day before. In total, 75 thousand shares were bought and sold for approximately ₩350.67 million.
The stock has broken the wide and strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at ₩4,670.87. A reaction back to this level may hold a second chance to get out before further falls.
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085620.KS Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.107%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Mirae Asset Life Insurance Co., Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₩4,853.57 and ₩5,126.57. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Mirae Asset Life Insurance Co., Ltd. stock
Mirae Asset Life Insurance Co., Ltd. finds support from accumulated volume at ₩4,605.00 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 ₩140.00 between high and low, or 3.03%. For the last week, the stock has had daily average volatility of 3.62%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (085620.KS) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Mirae Asset Life Insurance Co., Ltd. to open at ₩4,681.67, and during the day (based on 14 day Average True Range), to move between ₩4,502.15 and ₩4,827.85, which gives a possible trading interval of +/-₩162.85 (+/-3.49%) up or down from last closing price. If Mirae Asset Life Insurance Co., Ltd. takes out the full calculated possible swing range there will be an estimated 6.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩4,700.00 (0.75%) than the support at ₩4,605.00 (1.29%), 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 Mirae Asset Life Insurance Co., Ltd. stock A Buy?
The Mirae Asset Life Insurance Co., Ltd. stock holds several negative signals and despite the positive trend, we believe Mirae Asset Life Insurance Co., Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.582 Sell Candidate Unchanged
Predicted Opening Price for Mirae Asset Life Insurance Co., Ltd. of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| ₩4,681.67 ( 0.357%) | ₩4,665.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 085620.KS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4,821.67 | 3.36% |
| R2 | 4,768.19 | 2.21% |
| R1 | 4,735.15 | 1.50% |
| Price | 4,665.00 | |
| S1 | 4,628.19 | -0.789% |
| S2 | 4,595.15 | -1.50% |
| S3 | 4,541.67 | -2.64% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4,790.00 | 2.68% |
| R2 | 4,730.00 | 1.39% |
| R1 | 4,700.00 | 0.750% |
| Price | 4,665.00 | |
| S1 | 4,605.00 | -1.29% |
| S2 | 4,550.00 | -2.47% |
| S3 | 4,535.00 | -2.79% |
085620 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩100.00 | 2.48% |
| 2 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩100.00 | 2.57% |
| 3 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | ₩170.00 | 4.11% |
| 4 | Dec 27, 2018 | Dec 27, 2018 | Dec 27, 2018 | ₩170.00 | 3.77% |
| 5 | Dec 27, 2017 | Dec 27, 2017 | Dec 27, 2017 | ₩170.00 | 3.21% |
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