Mirae Asset TIGER NASDAQ Bio ETF Stock Forecast
Stronger technical forecast for Mirae Asset TIGER NASDAQ Bio ETF stock price after Friday trading.
(Updated on May 17, 2024)
The Mirae Asset TIGER NASDAQ Bio ETF stock price gained 0.594% on the last trading day (Friday, 17th May 2024), rising from ₩21,880.00 to ₩22,010.00. During the last trading day the stock fluctuated 0.273% from a day low at ₩22,010.00 to a day high of ₩22,070.00. The price has risen in 6 of the last 10 days and is up by 3.48% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 10 thousand more shares were traded than the day before. In total, 24 thousand shares were bought and sold for approximately ₩527.34 million.
The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at ₩22,168.75 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Mirae Asset TIGER NASDAQ Bio ETF stock with a 90% probability to be traded between ₩19,902.20 and ₩21,760.85 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. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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203780.KS Signals & Forecast
Mostly positive signals in the chart today. The Mirae Asset TIGER NASDAQ Bio 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 ₩21,917.86 and ₩21,443.71. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 7.92%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy 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. The stock had a Golden Star Signal on Friday, February 23, 2024 in the short-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
The stock had a Golden Star Signal on Friday, February 23, 2024 in the short-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 Mirae Asset TIGER NASDAQ Bio ETF stock
Mirae Asset TIGER NASDAQ Bio ETF finds support from accumulated volume at ₩22,005.00 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 ₩60.00 (0.273%) between high and low. For the last week, the stock has had daily average volatility of 0.713%.
Our recommended stop-loss: ₩20,895.22 (-5.06%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (203780.KS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Mirae Asset TIGER NASDAQ Bio ETF to open at ₩22,030.00, and during the day (based on 14 day Average True Range), to move between ₩21,753.70 and ₩22,266.30, which gives a possible trading interval of +/-₩256.30 (+/-1.16%) up or down from last closing price. If Mirae Asset TIGER NASDAQ Bio ETF takes out the full calculated possible swing range there will be an estimated 2.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩22,005.00 (0.02%) than the resistance at ₩22,155.00 (0.66%), 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 NASDAQ Bio 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 NASDAQ Bio 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: 2.585 Buy Candidate Upgraded
Predicted Opening Price for Mirae Asset TIGER NASDAQ Bio ETF of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ₩22,030.00 ( 0.0909%) | ₩22,010.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 203780.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22,090.00 | 0.363 % | |
| R2 | 22,067.08 | 0.259 % | ||
| R1 | 22,052.92 | 0.195 % | ||
| Current price: | 22,010.00 | |||
| Support | S1 | 22,007.08 | -0.0133 % | |
| S2 | 21,992.92 | -0.0776 % | ||
| S3 | 21,970.00 | -0.182 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22,535.00 | 2.39 % | |
| R2 | 22,185.00 | 0.795 % | ||
| R1 | 22,155.00 | 0.659 % | ||
| Current price | 22,010.00 | |||
| Support | S1 | 22,005.00 | -0.0227% | |
| S2 | 21,910.00 | -0.454% | ||
| S3 | 21,875.00 | -0.613% |
203780 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Dec 27, 2023 | ₩30.00 | 0.145% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩10.00 | 0.0519% |
FAQ
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