MiraeAsset TIGER 200 Heavy Industry ETF Stock Forecast
Evaluation of MiraeAsset TIGER 200 Heavy Industry ETF stock downgraded after the last trading session.
(Updated on May 10, 2024)
The MiraeAsset TIGER 200 Heavy Industry ETF stock price fell by -0.694% on the last day (Friday, 10th May 2024) from ₩4,320.00 to ₩4,290.00. During the last trading day the stock fluctuated 2.33% from a day low at ₩4,285.00 to a day high of ₩4,385.00. The price has been going up and down for this period, and there has been a 1.06% gain for the last 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 -146 thousand shares and in total, 606 thousand shares were bought and sold for approximately ₩2.60 billion.
The stock lies in the upper part of a strong rising 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 ₩4,335.81 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 27.41% during the next 3 months and, with a 90% probability hold a price between ₩5,163.03 and ₩5,524.43 at the end of this 3-month period.
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139230.KS Signals & Forecast
The MiraeAsset TIGER 200 Heavy Industry ETF stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ₩4,242.14 and ₩4,044.57. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, May 09, 2024, and so far it has fallen -0.694%. 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. The stock had a Golden Star Signal on Wednesday, January 31, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Wednesday, January 31, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for MiraeAsset TIGER 200 Heavy Industry ETF stock
MiraeAsset TIGER 200 Heavy Industry ETF finds support from accumulated volume at ₩4,160.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₩100.00 between high and low, or 2.33%. For the last week, the stock has had daily average volatility of 2.33%.
Our recommended stop-loss: ₩4,121.67 (-3.92%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (139230.KS) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect MiraeAsset TIGER 200 Heavy Industry ETF to open at ₩4,320.00, and during the day (based on 14 day Average True Range), to move between ₩4,184.41 and ₩4,395.59, which gives a possible trading interval of +/-₩105.59 (+/-2.46%) up or down from last closing price. If MiraeAsset TIGER 200 Heavy Industry ETF takes out the full calculated possible swing range there will be an estimated 4.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩4,300.00 (0.23%) than the support at ₩4,160.00 (3.03%), 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 MiraeAsset TIGER 200 Heavy Industry 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 MiraeAsset TIGER 200 Heavy Industry ETF stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 3.575 Buy Candidate Downgraded
Predicted Opening Price for MiraeAsset TIGER 200 Heavy Industry ETF of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| ₩4,320.00 ( 0.699%) | ₩4,290.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 139230.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,420.00 | 3.03 % | |
| R2 | 4,381.80 | 2.14 % | ||
| R1 | 4,358.20 | 1.59 % | ||
| Current price: | 4,290.00 | |||
| Support | S1 | 4,281.80 | -0.191 % | |
| S2 | 4,258.20 | -0.741 % | ||
| S3 | 4,220.00 | -1.63 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 4,320.00 | 0.699 % | ||
| R1 | 4,300.00 | 0.233 % | ||
| Current price | 4,290.00 | |||
| Support | S1 | 4,160.00 | -3.03% | |
| S2 | 4,050.00 | -5.59% | ||
| S3 | 3,830.00 | -10.72% |
139230 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | May 03, 2024 | ₩21.00 | 0.508% |
| 2 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | ₩5.00 | 0.154% |
| 3 | Apr 28, 2022 | Apr 28, 2022 | Apr 28, 2022 | ₩20.00 | 0.614% |
| 4 | Jul 28, 2017 | Jul 28, 2017 | Jul 28, 2017 | ₩50.00 | 1.36% |
| 5 | Apr 27, 2017 | Apr 27, 2017 | Apr 27, 2017 | ₩10.00 | 0.283% |
FAQ
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