Yurie Trex200 ETF Stock Forecast
Red day on Wednesday for Yurie Trex200 ETF stock after losing 1.45%
(Updated on May 29, 2024)
The Yurie Trex200 ETF stock price fell by -1.45% on the last day (Wednesday, 29th May 2024) from ₩37,665.00 to ₩37,120.00. During the last trading day the stock fluctuated 1.50% from a day low at ₩37,060.00 to a day high of ₩37,615.00. The price has been going up and down for this period, and there has been a -1.43% loss for the last 2 weeks. Volume has increased on the last day by 31 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, 68 shares were bought and sold for approximately ₩2.52 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Yurie Trex200 ETF stock with a 90% probability to be traded between ₩36,581.89 and ₩39,066.29 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
108590.KS Signals & Forecast
There are few to no technical positive signals at the moment. The Yurie Trex200 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 ₩37,539.29 and ₩37,403.71. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -2.56%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Yurie Trex200 ETF stock
Yurie Trex200 ETF finds support from accumulated volume at ₩37,020.00 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 ₩555.00 between high and low, or 1.50%. For the last week the stock has had daily average volatility of 0.89%.
Our recommended stop-loss: ₩35,837.16 (-3.46%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 25 days ago.)
Trading Expectations (108590.KS) For The Upcoming Trading Day Of Thursday 30th
For the upcoming trading day on Thursday, 30th we expect Yurie Trex200 ETF to open at ₩37,265.00, and during the day (based on 14 day Average True Range), to move between ₩36,667.82 and ₩37,572.18, which gives a possible trading interval of +/-₩452.18 (+/-1.22%) up or down from last closing price. If Yurie Trex200 ETF takes out the full calculated possible swing range there will be an estimated 2.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩37,020.00 (0.27%) than the resistance at ₩38,095.00 (2.63%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Yurie Trex200 ETF stock A Buy?
Yurie Trex200 ETF holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.165 Hold/Accumulate Unchanged
Predicted Opening Price for Yurie Trex200 ETF of Thursday, May 30, 2024
| Fair opening price May 30, 2024 | Current price |
|---|---|
| ₩37,265.00 ( 0.391%) | ₩37,120.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 108590.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 37,820.00 | 1.89 % | |
| R2 | 37,607.99 | 1.31 % | ||
| R1 | 37,477.01 | 0.96 % | ||
| Current price: | 37,120.00 | |||
| Support | S1 | 37,052.99 | -0.181 % | |
| S2 | 36,922.01 | -0.533 % | ||
| S3 | 36,710.00 | -1.10 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 38,130.00 | 2.72 % | |
| R2 | 38,120.00 | 2.69 % | ||
| R1 | 38,095.00 | 2.63 % | ||
| Current price | 37,120.00 | |||
| Support | S1 | 37,020.00 | -0.269% | |
| S2 | 36,825.00 | -0.795% | ||
| S3 | 36,715.00 | -1.09% |
108590 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | May 03, 2024 | ₩550.00 | 1.49% |
| 2 | Jan 30, 2024 | Jan 30, 2024 | Feb 02, 2024 | ₩140.00 | 0.388% |
| 3 | Oct 30, 2023 | Oct 30, 2023 | Oct 30, 2023 | ₩140.00 | 0.444% |
| 4 | Jul 28, 2023 | Jul 28, 2023 | Jul 28, 2023 | ₩140.00 | 0.400% |
| 5 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | ₩590.00 | 1.78% |
FAQ
Click here for our free guide on how to buy Yurie Trex200 ETF Stock.
