Mirae Asset Tiger 200 Industrials ETF Stock Forecast
Mirae Asset Tiger 200 Industrials ETF stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 31, 2024)
The Mirae Asset Tiger 200 Industrials ETF stock price fell by -0.467% on the last day (Friday, 31st May 2024) from ₩6,420.00 to ₩6,390.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.41% from a day low at ₩6,390.00 to a day high of ₩6,480.00. The price has fallen in 6 of the last 10 days and is down by -3.4% for this period. Volume has increased on the last day by 64 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, 142 shares were bought and sold for approximately ₩907.38 thousand.
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 200 Industrials ETF stock with a 90% probability to be traded between ₩6,225.00 and ₩6,762.41 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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227550.KS Signals & Forecast
There are few to no technical positive signals at the moment. The Mirae Asset Tiger 200 Industrials ETF stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ₩6,555.00 and ₩6,534.14. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -5.05%. 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). Mirae Asset Tiger 200 Industrials ETF gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Mirae Asset Tiger 200 Industrials ETF stock
Mirae Asset Tiger 200 Industrials ETF finds support from accumulated volume at ₩6,385.00 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 ₩90.00 between high and low, or 1.41%. For the last week the stock has had daily average volatility of 1.30%.
Our recommended stop-loss: ₩6,113.29 (-4.33%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 30 days ago.)
Trading Expectations (227550.KS) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Mirae Asset Tiger 200 Industrials ETF to open at ₩6,420.00, and during the day (based on 14 day Average True Range), to move between ₩6,294.56 and ₩6,485.44, which gives a possible trading interval of +/-₩95.44 (+/-1.49%) up or down from last closing price. If Mirae Asset Tiger 200 Industrials ETF takes out the full calculated possible swing range there will be an estimated 2.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩6,385.00 (0.08%) than the resistance at ₩6,610.00 (3.44%), 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 200 Industrials ETF stock A Buy?
Mirae Asset Tiger 200 Industrials ETF holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.911 Hold/Accumulate Upgraded
Predicted Opening Price for Mirae Asset Tiger 200 Industrials ETF of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| ₩6,420.00 ( 0.469%) | ₩6,390.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 227550.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6,510.00 | 1.88 % | |
| R2 | 6,475.62 | 1.34 % | ||
| R1 | 6,454.38 | 1.01 % | ||
| Current price: | 6,390.00 | |||
| Support | S1 | 6,385.62 | -0.0685 % | |
| S2 | 6,364.38 | -0.401 % | ||
| S3 | 6,330.00 | -0.94 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6,645.00 | 3.99 % | |
| R2 | 6,615.00 | 3.52 % | ||
| R1 | 6,610.00 | 3.44 % | ||
| Current price | 6,390.00 | |||
| Support | S1 | 6,385.00 | -0.0782% | |
| S2 | 6,375.00 | -0.235% | ||
| S3 | 6,185.00 | -3.21% |
227550 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | May 03, 2024 | ₩98.00 | 1.51% |
| 2 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | ₩125.00 | 1.96% |
| 3 | Apr 28, 2022 | Apr 28, 2022 | Apr 28, 2022 | ₩25.00 | 0.387% |
| 4 | Apr 27, 2017 | Apr 27, 2017 | Apr 27, 2017 | ₩65.00 | 1.05% |
| 5 | Apr 28, 2016 | Apr 28, 2016 | Apr 28, 2016 | ₩70.00 | 1.04% |
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