Mirae Asset TIGER Momentum ETF Stock Forecast
Mirae Asset TIGER Momentum ETF stock price down 0.0874% on Friday
(Updated on May 31, 2024)
The Mirae Asset TIGER Momentum ETF stock price fell by -0.0874% on the last day (Friday, 31st May 2024) from ₩28,610.00 to ₩28,585.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 0.90% from a day low at ₩28,465.00 to a day high of ₩28,720.00. The price has fallen in 6 of the last 10 days but is still up by 1.65% over the past 2 weeks. Volume has increased on the last day by 1 thousand 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, 1 thousand shares were bought and sold for approximately ₩41.36 million.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 14.95% during the next 3 months and, with a 90% probability hold a price between ₩31,654.21 and ₩33,902.03 at the end of this 3-month period.
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147970.KS Signals & Forecast
The Mirae Asset TIGER Momentum ETF stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₩28,785.71. On a fall, the stock will find some support from the long-term average at approximately ₩27,349.43. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Tuesday, May 28, 2024, and so far it has fallen -2.44%. Further fall is indicated until a new bottom pivot has been found. 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 Mirae Asset TIGER Momentum ETF stock
On the downside, the stock finds support just below today's level from accumulated volume at ₩27,115.00 and ₩27,080.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Mirae Asset TIGER Momentum ETF finds support just below today's level at ₩27,115.00. If this is broken, then the next support from accumulated volume will be at ₩27,080.00 and ₩26,680.00.
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 ₩255.00 between high and low, or 0.90%. For the last week, the stock has had daily average volatility of 1.19%.
Our recommended stop-loss: ₩27,690.85 (-3.13%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 30 days ago.)
Trading Expectations (147970.KS) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Mirae Asset TIGER Momentum ETF to open at ₩28,590.00, and during the day (based on 14 day Average True Range), to move between ₩28,192.26 and ₩28,977.74, which gives a possible trading interval of +/-₩392.74 (+/-1.37%) up or down from last closing price. If Mirae Asset TIGER Momentum ETF takes out the full calculated possible swing range there will be an estimated 2.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩28,625.00 (0.14%) than the support at ₩27,115.00 (5.14%), 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 Momentum 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 Mirae Asset TIGER Momentum ETF stock to perform well in the short-term.
Current score: 1.268 Buy Candidate Unchanged
Predicted Opening Price for Mirae Asset TIGER Momentum ETF of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| ₩28,590.00 ( 0.0175%) | ₩28,585.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 147970.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28,845.00 | 0.91 % | |
| R2 | 28,747.59 | 0.569 % | ||
| R1 | 28,687.41 | 0.358 % | ||
| Current price: | 28,585.00 | |||
| Support | S1 | 28,492.59 | -0.323 % | |
| S2 | 28,432.41 | -0.534 % | ||
| S3 | 28,335.00 | -0.87 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28,805.00 | 0.770 % | |
| R2 | 28,660.00 | 0.262 % | ||
| R1 | 28,625.00 | 0.140 % | ||
| Current price | 28,585.00 | |||
| Support | S1 | 27,115.00 | -5.14% | |
| S2 | 27,080.00 | -5.26% | ||
| S3 | 26,680.00 | -6.66% |
147970 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | May 03, 2024 | ₩270.00 | 1.01% |
| 2 | Oct 30, 2023 | Oct 30, 2023 | Oct 30, 2023 | ₩15.00 | 0.0655% |
| 3 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | ₩500.00 | 2.12% |
| 4 | Oct 28, 2022 | Oct 28, 2022 | Oct 28, 2022 | ₩70.00 | 0.320% |
| 5 | Apr 27, 2017 | Apr 27, 2017 | Apr 27, 2017 | ₩300.00 | 1.39% |
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