Mirae Asset TIGER Media & Telecom ETF Stock Forecast
Green day on Friday for Mirae Asset TIGER Media & Telecom ETF stock after gaining 0.597%
(Updated on Jun 28, 2024)
The Mirae Asset TIGER Media & Telecom ETF stock price gained 0.597% on the last trading day (Friday, 28th Jun 2024), rising from ₩6,700.00 to ₩6,740.00. During the last trading day the stock fluctuated 0.746% from a day low at ₩6,700.00 to a day high of ₩6,750.00. The price has risen in 7 of the last 10 days and is up by 2.04% over the past 2 weeks. Volume fell on the last day by -532 shares and in total, 3 thousand shares were bought and sold for approximately ₩20.52 million. 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 lies the upper part of a narrow and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at ₩6,752.81 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -9.30% during the next 3 months and, with a 90% probability hold a price between ₩5,894.99 and ₩6,124.98 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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098560.KS Signals & Forecast
The Mirae Asset TIGER Media & Telecom ETF stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ₩6,680.71 and ₩6,724.29. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has risen 2.43%. 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 Mirae Asset TIGER Media & Telecom ETF stock
Mirae Asset TIGER Media & Telecom ETF finds support from accumulated volume at ₩6,700.00 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 ₩50.00 between high and low, or 0.746%. For the last week the stock has had daily average volatility of 0.645%.
Our recommended stop-loss: ₩6,454.31 (-4.24%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 41 days ago.)
Trading Expectations (098560.KS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Mirae Asset TIGER Media & Telecom ETF to open at ₩6,730.00, and during the day (based on 14 day Average True Range), to move between ₩6,683.50 and ₩6,796.50, which gives a possible trading interval of +/-₩56.50 (+/-0.84%) up or down from last closing price. If Mirae Asset TIGER Media & Telecom ETF takes out the full calculated possible swing range there will be an estimated 1.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩6,755.00 (0.22%) than the support at ₩6,700.00 (0.59%), 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 Media & Telecom ETF stock A Buy?
Mirae Asset TIGER Media & Telecom ETF 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 Mirae Asset TIGER Media & Telecom ETF of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
₩6,730.00 ( 0.148%) | ₩6,740.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 098560.KS
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 6,780.00 | 0.593% |
R2 | 6,760.90 | 0.310% |
R1 | 6,749.10 | 0.135% |
Price | 6,740.00 | |
S1 | 6,710.90 | -0.432% |
S2 | 6,699.10 | -0.607% |
S3 | 6,680.00 | -0.89% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 6,990.00 | 3.71% |
R2 | 6,925.00 | 2.74% |
R1 | 6,755.00 | 0.223% |
Price | 6,740.00 | |
S1 | 6,700.00 | -0.593% |
S2 | 6,635.00 | -1.56% |
S3 | 6,625.00 | -1.71% |
098560 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 29, 2024 | Apr 29, 2024 | May 03, 2024 | ₩233.00 | 3.41% |
2 | Oct 30, 2023 | Oct 30, 2023 | Oct 30, 2023 | ₩60.00 | 0.88% |
3 | Jul 28, 2023 | Jul 28, 2023 | Jul 28, 2023 | ₩25.00 | 0.375% |
4 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | ₩260.00 | 3.55% |
5 | Oct 28, 2022 | Oct 28, 2022 | Oct 28, 2022 | ₩30.00 | 0.390% |
FAQ
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