Mirae Asset TIGER KOSPI High Dividend Stock Forecast
Mirae Asset TIGER KOSPI High Dividend stock downgraded to Sell Candidate
(Updated on Jun 25, 2024)
The Mirae Asset TIGER KOSPI High Dividend stock price gained 0.341% on the last trading day (Tuesday, 25th Jun 2024), rising from ₩14,645.00 to ₩14,695.00. During the last trading day the stock fluctuated 0.650% from a day low at ₩14,620.00 to a day high of ₩14,715.00. The price has risen in 5 of the last 10 days and is up by 1.73% 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, 313 more shares were traded than the day before. In total, 4 thousand shares were bought and sold for approximately ₩57.25 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 ₩14,776.47 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Mirae Asset TIGER KOSPI High Dividend stock with a 90% probability to be traded between ₩13,729.46 and ₩14,553.27 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. 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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210780.KS Signals & Forecast
The Mirae Asset TIGER KOSPI High Dividend 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 ₩14,570.71 and ₩14,578.43. 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 is rising along with the price. This is considered to be a good technical signal. 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 -1.51%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Mirae Asset TIGER KOSPI High Dividend stock
Mirae Asset TIGER KOSPI High Dividend finds support from accumulated volume at ₩14,650.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved ₩95.00 between high and low, or 0.650%. For the last week the stock has had daily average volatility of 1.01%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (210780.KS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Mirae Asset TIGER KOSPI High Dividend ETF to open at ₩14,676.67, and during the day (based on 14 day Average True Range), to move between ₩14,531.88 and ₩14,858.12, which gives a possible trading interval of +/-₩163.12 (+/-1.11%) up or down from last closing price. If Mirae Asset TIGER KOSPI High Dividend ETF takes out the full calculated possible swing range there will be an estimated 2.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩14,700.00 (0.03%) than the support at ₩14,650.00 (0.31%), 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 KOSPI High Dividend ETF stock A Buy?
Mirae Asset TIGER KOSPI High Dividend 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.044 Sell Candidate Downgraded
Predicted Opening Price for Mirae Asset TIGER KOSPI High Dividend ETF of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
₩14,676.67 ( 0.125%) | ₩14,695.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 210780.KS
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 14,771.67 | 0.522% |
R2 | 14,735.38 | 0.275% |
R1 | 14,712.96 | 0.122% |
Price | 14,695.00 | |
S1 | 14,640.38 | -0.372% |
S2 | 14,617.96 | -0.524% |
S3 | 14,581.67 | -0.771% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 14,920.00 | 1.53% |
R2 | 14,910.00 | 1.46% |
R1 | 14,700.00 | 0.0340% |
Price | 14,695.00 | |
S1 | 14,650.00 | -0.306% |
S2 | 14,530.00 | -1.12% |
S3 | 14,460.00 | -1.60% |
210780 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 29, 2024 | Apr 29, 2024 | May 03, 2024 | ₩630.00 | 4.39% |
2 | Oct 30, 2023 | Oct 30, 2023 | Oct 30, 2023 | ₩60.00 | 0.462% |
3 | Jul 28, 2023 | Jul 28, 2023 | Jul 28, 2023 | ₩30.00 | 0.232% |
4 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | ₩690.00 | 5.28% |
5 | Oct 28, 2022 | Oct 28, 2022 | Oct 28, 2022 | ₩35.00 | 0.281% |
FAQ
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