Mirae Asset TIGER Hyundai Motor Group+ Stock Forecast
Mirae Asset TIGER Hyundai Motor Group+ stock price ended at ₩27,770.00 on Friday, after losing 0.323%.
(Updated on May 31, 2024)
The Mirae Asset TIGER Hyundai Motor Group+ stock price fell by -0.323% on the last day (Friday, 31st May 2024) from ₩27,860.00 to ₩27,770.00. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 1.51% from a day low at ₩27,770.00 to a day high of ₩28,190.00. The price has fallen in 7 of the last 10 days but is still up by 0.6% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -4 thousand shares and in total, 10 thousand shares were bought and sold for approximately ₩284.45 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.79% during the next 3 months and, with a 90% probability hold a price between ₩25,403.90 and ₩28,076.06 at the end of this 3-month period.
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138540.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 Hyundai Motor Group+ 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 ₩28,443.57 and ₩28,119.14. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 22, 2024, and so far it has fallen -4.18%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
A sell signal from a double top formation was found on Wednesday, May 22, 2024 and based on theory for this formation the price should fall by -7.58% to ₩25,664.00 within 15 trading days since signal was issued (Monday, June 03, 2024).
Support, Risk & Stop-loss for Mirae Asset TIGER Hyundai Motor Group+ stock
Mirae Asset TIGER Hyundai Motor Group+ finds support from accumulated volume at ₩27,395.00 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 ₩420.00 between high and low, or 1.51%. For the last week the stock has had daily average volatility of 1.88%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (138540.KS) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Mirae Asset TIGER Hyundai Motor Group+ ETF to open at ₩27,910.00, and during the day (based on 14 day Average True Range), to move between ₩27,214.32 and ₩28,325.68, which gives a possible trading interval of +/-₩555.68 (+/-2.00%) up or down from last closing price. If Mirae Asset TIGER Hyundai Motor Group+ ETF takes out the full calculated possible swing range there will be an estimated 4.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩27,395.00 (1.35%) than the resistance at ₩28,980.00 (4.36%), 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 Hyundai Motor Group+ ETF stock A Buy?
Mirae Asset TIGER Hyundai Motor Group+ holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.455 Sell Candidate Unchanged
Predicted Opening Price for Mirae Asset TIGER Hyundai Motor Group+ ETF of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| ₩27,910.00 ( 0.504%) | ₩27,770.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 138540.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28,330.00 | 2.02 % | |
| R2 | 28,169.56 | 1.44 % | ||
| R1 | 28,070.44 | 1.08 % | ||
| Current price: | 27,770.00 | |||
| Support | S1 | 27,749.56 | -0.0736 % | |
| S2 | 27,650.44 | -0.431 % | ||
| S3 | 27,490.00 | -1.01 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 29,230.00 | 5.26 % | |
| R2 | 29,060.00 | 4.65 % | ||
| R1 | 28,980.00 | 4.36 % | ||
| Current price | 27,770.00 | |||
| Support | S1 | 27,395.00 | -1.35% | |
| S2 | 27,150.00 | -2.23% | ||
| S3 | 27,090.00 | -2.45% |
138540 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | May 03, 2024 | ₩850.00 | 3.10% |
| 2 | Oct 30, 2023 | Oct 30, 2023 | Oct 30, 2023 | ₩75.00 | 0.344% |
| 3 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | ₩585.00 | 2.46% |
| 4 | Oct 28, 2022 | Oct 28, 2022 | Oct 28, 2022 | ₩45.00 | 0.224% |
| 5 | Apr 27, 2017 | Apr 27, 2017 | Apr 27, 2017 | ₩270.00 | 1.56% |
FAQ
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