Mirae Asset TIGER Latin ETF Stock Forecast
Mirae Asset TIGER Latin ETF stock upgraded to Buy Candidate.
(Updated on May 31, 2024)
The Mirae Asset TIGER Latin ETF stock price gained 1.44% on the last trading day (Friday, 31st May 2024), rising from ₩4,520.00 to ₩4,585.00. During the last trading day the stock fluctuated 0.88% from a day low at ₩4,555.00 to a day high of ₩4,595.00. The price has fallen in 5 of the last 10 days and is down by -1.29% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 thousand more shares were traded than the day before. In total, 7 thousand shares were bought and sold for approximately ₩33.27 million.
The stock lies in the middle of a weak 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 2.96% during the next 3 months and, with a 90% probability hold a price between ₩4,656.13 and ₩4,908.78 at the end of this 3-month period.
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105010.KS Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 1.44%. 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 TIGER Latin ETF stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ₩4,626.00. On a fall, the stock will find some support from the short-term average at ₩4,553.57. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Mirae Asset TIGER Latin ETF stock
Mirae Asset TIGER Latin ETF finds support from accumulated volume at ₩4,580.00 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 ₩40.00 between high and low, or 0.88%. For the last week the stock has had daily average volatility of 0.93%.
Our recommended stop-loss: ₩4,302.74 (-6.16%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (105010.KS) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Mirae Asset TIGER Latin ETF to open at ₩4,578.33, and during the day (based on 14 day Average True Range), to move between ₩4,532.19 and ₩4,637.81, which gives a possible trading interval of +/-₩52.81 (+/-1.15%) up or down from last closing price. If Mirae Asset TIGER Latin ETF takes out the full calculated possible swing range there will be an estimated 2.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩4,580.00 (0.11%) than the resistance at ₩4,620.00 (0.76%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Mirae Asset TIGER Latin 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 Mirae Asset TIGER Latin ETF 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: 1.120 Buy Candidate Upgraded
Predicted Opening Price for Mirae Asset TIGER Latin ETF of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| ₩4,578.33 ( 0.145%) | ₩4,585.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 105010.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,618.33 | 0.727 % | |
| R2 | 4,603.05 | 0.394 % | ||
| R1 | 4,593.61 | 0.188 % | ||
| Current price: | 4,585.00 | |||
| Support | S1 | 4,563.05 | -0.479 % | |
| S2 | 4,553.61 | -0.685 % | ||
| S3 | 4,538.33 | -1.02 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,725.00 | 3.05 % | |
| R2 | 4,645.00 | 1.31 % | ||
| R1 | 4,620.00 | 0.763 % | ||
| Current price | 4,585.00 | |||
| Support | S1 | 4,580.00 | -0.109% | |
| S2 | 4,545.00 | -0.87% | ||
| S3 | 4,415.00 | -3.71% |
105010 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | May 03, 2024 | ₩30.00 | 0.644% |
| 2 | Jan 30, 2024 | Jan 30, 2024 | Feb 02, 2024 | ₩30.00 | 0.650% |
| 3 | Oct 30, 2023 | Oct 30, 2023 | Oct 30, 2023 | ₩25.00 | 0.628% |
| 4 | Jul 28, 2023 | Jul 28, 2023 | Jul 28, 2023 | ₩40.00 | 0.95% |
| 5 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | ₩40.00 | 1.05% |
FAQ
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