Mirae Asset TIGER Financials ETF Stock Forecast
Mirae Asset TIGER Financials ETF stock upgraded from Sell Candidate to Buy Candidate after Friday trading session.
(Updated on May 10, 2024)
The Mirae Asset TIGER Financials ETF stock price gained 2.74% on the last trading day (Friday, 10th May 2024), rising from ₩7,835.00 to ₩8,050.00. During the last trading day the stock fluctuated 2.52% from a day low at ₩7,925.00 to a day high of ₩8,125.00. The price has risen in 6 of the last 10 days and is up by 4.41% over the past 2 weeks. Volume fell on the last day by -70 thousand shares and in total, 22 thousand shares were bought and sold for approximately ₩176.20 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Mirae Asset TIGER Financials ETF stock with a 90% probability to be traded between ₩7,091.31 and ₩8,382.27 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.
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139270.KS Signals & Forecast
The Mirae Asset TIGER Financials ETF stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ₩7,828.57 and ₩7,837.57. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Friday, April 26, 2024, and so far it has fallen -0.433%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Mirae Asset TIGER Financials ETF stock
Mirae Asset TIGER Financials ETF finds support from accumulated volume at ₩7,890.00 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 ₩200.00 between high and low, or 2.52%. For the last week, the stock has had daily average volatility of 1.83%.
Our recommended stop-loss: ₩7,787.26 (-3.26%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (139270.KS) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Mirae Asset TIGER Financials ETF to open at ₩8,033.33, and during the day (based on 14 day Average True Range), to move between ₩7,837.03 and ₩8,262.97, which gives a possible trading interval of +/-₩212.97 (+/-2.65%) up or down from last closing price. If Mirae Asset TIGER Financials ETF takes out the full calculated possible swing range there will be an estimated 5.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩8,085.00 (0.43%) than the support at ₩7,890.00 (1.99%), 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 Financials ETF stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Mirae Asset TIGER Financials ETF stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.018 Buy Candidate Upgraded
Predicted Opening Price for Mirae Asset TIGER Financials ETF of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| ₩8,033.33 ( 0.207%) | ₩8,050.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 139270.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8,233.33 | 2.28 % | |
| R2 | 8,156.93 | 1.33 % | ||
| R1 | 8,109.73 | 0.742 % | ||
| Current price: | 8,050.00 | |||
| Support | S1 | 7,956.93 | -1.16 % | |
| S2 | 7,909.73 | -1.74 % | ||
| S3 | 7,833.33 | -2.69 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8,575.00 | 6.52 % | |
| R2 | 8,120.00 | 0.87 % | ||
| R1 | 8,085.00 | 0.435 % | ||
| Current price | 8,050.00 | |||
| Support | S1 | 7,890.00 | -1.99% | |
| S2 | 7,620.00 | -5.34% | ||
| S3 | 7,585.00 | -5.78% |
139270 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | May 03, 2024 | ₩248.00 | 3.22% |
| 2 | Jan 30, 2024 | Jan 30, 2024 | Feb 02, 2024 | ₩30.00 | 0.394% |
| 3 | Oct 30, 2023 | Oct 30, 2023 | Oct 30, 2023 | ₩40.00 | 0.676% |
| 4 | Jul 28, 2023 | Jul 28, 2023 | Jul 28, 2023 | ₩30.00 | 0.502% |
| 5 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | ₩340.00 | 5.79% |
FAQ
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