Mirae Asset TIGER Dividend Growth ETF Stock Forecast
Stronger technical forecast for Mirae Asset TIGER Dividend Growth ETF stock price after Friday trading.
(Updated on May 10, 2024)
The Mirae Asset TIGER Dividend Growth ETF stock price gained 0.295% on the last trading day (Friday, 10th May 2024), rising from ₩18,670.00 to ₩18,725.00. During the last trading day the stock fluctuated 0.97% from a day low at ₩18,615.00 to a day high of ₩18,795.00. The price has risen in 6 of the last 10 days and is up by 0.16% 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, 743 more shares were traded than the day before. In total, 4 thousand shares were bought and sold for approximately ₩66.31 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Mirae Asset TIGER Dividend Growth ETF stock with a 90% probability to be traded between ₩17,888.78 and ₩18,892.96 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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211560.KS Signals & Forecast
Mostly positive signals in the chart today. The Mirae Asset TIGER Dividend Growth 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 ₩18,595.00 and ₩18,592.00. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 03, 2024, and so far it has risen 1.93%. 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.
Support, Risk & Stop-loss for Mirae Asset TIGER Dividend Growth ETF stock
Mirae Asset TIGER Dividend Growth ETF finds support from accumulated volume at ₩18,615.00 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 ₩180.00 between high and low, or 0.97%. For the last week the stock has had daily average volatility of 1.25%.
Our recommended stop-loss: ₩17,769.73 (-5.10%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (211560.KS) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Mirae Asset TIGER Dividend Growth ETF to open at ₩18,711.67, and during the day (based on 14 day Average True Range), to move between ₩18,469.46 and ₩18,980.54, which gives a possible trading interval of +/-₩255.54 (+/-1.36%) up or down from last closing price. If Mirae Asset TIGER Dividend Growth ETF takes out the full calculated possible swing range there will be an estimated 2.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩18,820.00 (0.51%) than the support at ₩18,615.00 (0.59%), 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 Dividend Growth 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 Dividend Growth 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 Hold/Accumulate to a Buy candidate.
Current score: 1.636 Buy Candidate Upgraded
Predicted Opening Price for Mirae Asset TIGER Dividend Growth ETF of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| ₩18,711.67 ( 0.0712%) | ₩18,725.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 211560.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18,891.67 | 0.89 % | |
| R2 | 18,822.91 | 0.523 % | ||
| R1 | 18,780.43 | 0.296 % | ||
| Current price: | 18,725.00 | |||
| Support | S1 | 18,642.91 | -0.438 % | |
| S2 | 18,600.43 | -0.665 % | ||
| S3 | 18,531.67 | -1.03 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18,930.00 | 1.09 % | |
| R2 | 18,860.00 | 0.721 % | ||
| R1 | 18,820.00 | 0.507 % | ||
| Current price | 18,725.00 | |||
| Support | S1 | 18,615.00 | -0.587% | |
| S2 | 18,545.00 | -0.96% | ||
| S3 | 18,440.00 | -1.52% |
211560 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | May 03, 2024 | ₩581.00 | 3.16% |
| 2 | Oct 30, 2023 | Oct 30, 2023 | Oct 30, 2023 | ₩25.00 | 0.156% |
| 3 | Jul 28, 2023 | Jul 28, 2023 | Jul 28, 2023 | ₩30.00 | 0.186% |
| 4 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | ₩415.00 | 2.60% |
| 5 | Jan 30, 2023 | Jan 30, 2023 | Jan 30, 2023 | ₩15.00 | 0.0912% |
FAQ
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