Mirae Asset TIGER200 Covered Call 5% OTM Stock Forecast

Mirae Asset TIGER200 Covered Call 5% OTM stock price ended at ₩13,250.00 on Friday, after gaining 1.03%.
(Updated on Apr 26, 2024)

166400.KS Signals & Forecast

There are mixed signals in the stock today. The Mirae Asset TIGER200 Covered Call 5% OTM stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ₩13,366.14. On a fall, the stock will find some support from the short-term average at ₩13,139.29. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, April 02, 2024, and so far it has fallen -3.46%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Mirae Asset TIGER200 Covered Call 5% OTM stock

Mirae Asset TIGER200 Covered Call 5% OTM finds support from accumulated volume at ₩13,030.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ₩180.00 (1.37%) between high and low. For the last week, the stock has had daily average volatility of 0.82%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (166400.KS) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect Mirae Asset TIGER200 Covered Call 5% OTM ETF - Equity - Derivatives to open at ₩13,206.67, and during the day (based on 14 day Average True Range), to move between ₩13,054.76 and ₩13,445.24, which gives a possible trading interval of +/-₩195.24 (+/-1.47%) up or down from last closing price. If Mirae Asset TIGER200 Covered Call 5% OTM ETF - Equity - Derivatives takes out the full calculated possible swing range there will be an estimated 2.95% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₩13,395.00 (1.09%) than the support at ₩13,030.00 (1.66%), 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 TIGER200 Covered Call 5% OTM ETF - Equity - Derivatives stock A Buy?

Mirae Asset TIGER200 Covered Call 5% OTM holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.623 Sell Candidate Unchanged

Predicted Opening Price for Mirae Asset TIGER200 Covered Call 5% OTM ETF - Equity - Derivatives of Monday, April 29, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.