Mirae Asset Tiger Quality Value ETF Stock Forecast
Mirae Asset Tiger Quality Value ETF stock downgraded from Buy Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on May 21, 2024)
The Mirae Asset Tiger Quality Value ETF stock price fell by -0.629% on the last day (Tuesday, 21st May 2024) from ₩11,930.00 to ₩11,855.00. During the last trading day the stock fluctuated 1.18% from a day low at ₩11,855.00 to a day high of ₩11,995.00. The price has risen in 7 of the last 10 days and is up by 2.33% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -3 thousand shares and in total, 470 shares were bought and sold for approximately ₩5.57 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 ₩11,938.48 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Mirae Asset Tiger Quality Value ETF stock with a 90% probability to be traded between ₩10,979.48 and ₩11,719.80 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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227570.KS Signals & Forecast
The Mirae Asset Tiger Quality Value 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 ₩11,845.00 and ₩11,696.57. 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). 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 Thursday, May 16, 2024, and so far it has fallen -0.795%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Mirae Asset Tiger Quality Value ETF stock
Mirae Asset Tiger Quality Value ETF finds support from accumulated volume at ₩11,830.00 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 ₩140.00 between high and low, or 1.18%. For the last week the stock has had daily average volatility of 1.20%.
Our recommended stop-loss: ₩11,378.92 (-4.02%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (227570.KS) For The Upcoming Trading Day Of Wednesday 22nd
For the upcoming trading day on Wednesday, 22nd we expect Mirae Asset Tiger Quality Value ETF to open at ₩11,901.67, and during the day (based on 14 day Average True Range), to move between ₩11,708.09 and ₩12,001.91, which gives a possible trading interval of +/-₩146.91 (+/-1.24%) up or down from last closing price. If Mirae Asset Tiger Quality Value ETF takes out the full calculated possible swing range there will be an estimated 2.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩11,830.00 (0.21%) than the resistance at ₩11,940.00 (0.72%), 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 Quality Value ETF stock A Buy?
Mirae Asset Tiger Quality Value ETF holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.572 Hold/Accumulate Downgraded
Predicted Opening Price for Mirae Asset Tiger Quality Value ETF of Wednesday, May 22, 2024
| Fair opening price May 22, 2024 | Current price |
|---|---|
| ₩11,901.67 ( 0.394%) | ₩11,855.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 227570.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12,041.67 | 1.57 % | |
| R2 | 11,988.19 | 1.12 % | ||
| R1 | 11,955.15 | 0.84 % | ||
| Current price: | 11,855.00 | |||
| Support | S1 | 11,848.19 | -0.0575 % | |
| S2 | 11,815.15 | -0.336 % | ||
| S3 | 11,761.67 | -0.787 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12,010.00 | 1.31 % | |
| R2 | 11,950.00 | 0.80 % | ||
| R1 | 11,940.00 | 0.717 % | ||
| Current price | 11,855.00 | |||
| Support | S1 | 11,830.00 | -0.211% | |
| S2 | 11,805.00 | -0.422% | ||
| S3 | 11,740.00 | -0.97% |
227570 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | May 03, 2024 | ₩400.00 | 3.45% |
| 2 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | ₩340.00 | 3.15% |
| 3 | Apr 28, 2022 | Apr 28, 2022 | Apr 28, 2022 | ₩375.00 | 3.24% |
| 4 | Apr 27, 2017 | Apr 27, 2017 | Apr 27, 2017 | ₩220.00 | 1.84% |
| 5 | Apr 28, 2016 | Apr 28, 2016 | Apr 28, 2016 | ₩200.00 | 1.77% |
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