Mirae Asset TIGER Semicon ETF Stock Forecast
Evaluation of Mirae Asset TIGER Semicon ETF stock downgraded after the last trading session.
(Updated on May 31, 2024)
The Mirae Asset TIGER Semicon ETF stock price fell by -0.82% on the last day (Friday, 31st May 2024) from ₩43,290.00 to ₩42,935.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.66% from a day low at ₩42,535.00 to a day high of ₩43,240.00. The price has risen in 6 of the last 10 days but is still down by -0.1% for this period. Volume has increased on the last day by 50 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, 273 thousand shares were bought and sold for approximately ₩11.73 billion.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₩42,316.84 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 6.80% during the next 3 months and, with a 90% probability hold a price between ₩45,195.04 and ₩50,586.68 at the end of this 3-month period.
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091230.KS Signals & Forecast
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. The Mirae Asset TIGER Semicon ETF stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ₩43,609.29 and ₩43,142.71. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 28, 2024, and so far it has fallen -3.20%. 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 Mirae Asset TIGER Semicon ETF stock
Mirae Asset TIGER Semicon ETF finds support from accumulated volume at ₩41,780.00 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 ₩705.00 between high and low, or 1.66%. For the last week the stock has had daily average volatility of 1.85%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (091230.KS) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Mirae Asset TIGER Semicon ETF to open at ₩42,903.33, and during the day (based on 14 day Average True Range), to move between ₩42,011.92 and ₩43,858.08, which gives a possible trading interval of +/-₩923.08 (+/-2.15%) up or down from last closing price. If Mirae Asset TIGER Semicon ETF takes out the full calculated possible swing range there will be an estimated 4.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩43,405.00 (1.09%) than the support at ₩41,780.00 (2.69%), 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 TIGER Semicon ETF stock A Buy?
The Mirae Asset TIGER Semicon ETF stock holds several negative signals and despite the positive trend, we believe Mirae Asset TIGER Semicon ETF will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -2.780 Sell Candidate Downgraded
Predicted Opening Price for Mirae Asset TIGER Semicon ETF of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| ₩42,903.33 ( 0.0738%) | ₩42,935.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 091230.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 43,608.33 | 1.57 % | |
| R2 | 43,339.02 | 0.94 % | ||
| R1 | 43,172.64 | 0.553 % | ||
| Current price: | 42,935.00 | |||
| Support | S1 | 42,634.02 | -0.701 % | |
| S2 | 42,467.64 | -1.09 % | ||
| S3 | 42,198.33 | -1.72 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 44,745.00 | 4.22 % | |
| R2 | 44,505.00 | 3.66 % | ||
| R1 | 43,405.00 | 1.09 % | ||
| Current price | 42,935.00 | |||
| Support | S1 | 41,780.00 | -2.69% | |
| S2 | 41,215.00 | -4.01% | ||
| S3 | 40,205.00 | -6.36% |
091230 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | May 03, 2024 | ₩184.00 | 0.438% |
| 2 | Oct 30, 2023 | Oct 30, 2023 | Oct 30, 2023 | ₩20.00 | 0.0627% |
| 3 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | ₩245.00 | 0.85% |
| 4 | Apr 28, 2022 | Apr 28, 2022 | Apr 28, 2022 | ₩375.00 | 1.04% |
| 5 | Apr 27, 2017 | Apr 27, 2017 | Apr 27, 2017 | ₩250.00 | 1.12% |
FAQ
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