Mirae Asset TIGER NASDAQ 100 ETF Stock Forecast
Stronger technical forecast for Mirae Asset TIGER NASDAQ 100 ETF stock price after Friday trading.
(Updated on May 03, 2024)
The Mirae Asset TIGER NASDAQ 100 ETF stock price gained 0.154% on the last trading day (Friday, 3rd May 2024), rising from ₩106,900.00 to ₩107,065.00. During the last trading day the stock fluctuated 0.649% from a day low at ₩107,060.00 to a day high of ₩107,755.00. The price has risen in 6 of the last 10 days but is still down by -0.67% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 6 thousand more shares were traded than the day before. In total, 210 thousand shares were bought and sold for approximately ₩22.43 billion.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₩106,067.30 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 3.59% during the next 3 months and, with a 90% probability hold a price between ₩109,873.25 and ₩117,398.13 at the end of this 3-month period.
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133690.KS Signals & Forecast
The Mirae Asset TIGER NASDAQ 100 ETF 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 ₩107,752.14 and ₩108,583.71. 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). Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 1.45%. 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.
Support, Risk & Stop-loss for Mirae Asset TIGER NASDAQ 100 ETF stock
Mirae Asset TIGER NASDAQ 100 ETF finds support from accumulated volume at ₩106,260.00 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 ₩695.00 between high and low, or 0.649%. For the last week the stock has had daily average volatility of 0.681%.
Our recommended stop-loss: ₩100,671.02 (-5.97%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (133690.KS) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Mirae Asset TIGER NASDAQ 100 ETF to open at ₩107,293.33, and during the day (based on 14 day Average True Range), to move between ₩105,668.73 and ₩108,461.27, which gives a possible trading interval of +/-₩1,396.27 (+/-1.30%) up or down from last closing price. If Mirae Asset TIGER NASDAQ 100 ETF takes out the full calculated possible swing range there will be an estimated 2.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩107,790.00 (0.68%) than the support at ₩106,260.00 (0.75%), 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 NASDAQ 100 ETF stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.677 Buy Candidate Upgraded
Predicted Opening Price for Mirae Asset TIGER NASDAQ 100 ETF of Tuesday, May 7, 2024
Fair opening price May 7, 2024 | Current price |
---|---|
₩107,293.33 ( 0.213%) | ₩107,065.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 133690.KS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 107,988.33 | 0.86 % | |
R2 | 107,722.84 | 0.614 % | ||
R1 | 107,558.82 | 0.461 % | ||
Current price: | 107,065.00 | |||
Support | S1 | 107,027.84 | -0.0347 % | |
S2 | 106,863.82 | -0.188 % | ||
S3 | 106,598.33 | -0.436 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 109,945.00 | 2.69 % | |
R2 | 108,710.00 | 1.54 % | ||
R1 | 107,790.00 | 0.677 % | ||
Current price | 107,065.00 | |||
Support | S1 | 106,260.00 | -0.752% | |
S2 | 105,215.00 | -1.73% | ||
S3 | 105,210.00 | -1.73% |
133690 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 29, 2024 | Apr 29, 2024 | May 03, 2024 | ₩140.00 | 0.131% |
2 | Jan 30, 2024 | Jan 30, 2024 | Feb 02, 2024 | ₩210.00 | 0.203% |
3 | Oct 30, 2023 | Oct 30, 2023 | Oct 30, 2023 | ₩125.00 | 0.145% |
4 | Jul 28, 2023 | Jul 28, 2023 | Jul 28, 2023 | ₩120.00 | 0.136% |
5 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | ₩120.00 | 0.156% |
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