Mirae Asset Tiger Consumer Goods Stock Forecast

Mirae Asset Tiger Consumer Goods stock price down 0% on Friday
(Updated on May 17, 2024)

237440.KS Signals & Forecast

The Mirae Asset Tiger Consumer Goods 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 ₩9,203.57 and ₩9,105.71. 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). The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. 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%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Friday, November 03, 2023 in the long-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 Consumer Goods stock

Mirae Asset Tiger Consumer Goods finds support from accumulated volume at ₩9,215.00 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 ₩25.00 between high and low, or 0.272%. For the last week the stock has had daily average volatility of 0.447%.

Our recommended stop-loss: ₩8,900.28 (-3.52%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (237440.KS) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Mirae Asset Tiger Consumer Goods Balanced ETF to open at ₩9,220.00, and during the day (based on 14 day Average True Range), to move between ₩9,175.92 and ₩9,274.08, which gives a possible trading interval of +/-₩49.08 (+/-0.53%) up or down from last closing price. If Mirae Asset Tiger Consumer Goods Balanced ETF takes out the full calculated possible swing range there will be an estimated 1.06% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ ₩9,215.00, some ₩10.00 (0.11%) from the current price of ₩9,225.00, our system finds the risk reward attractive.

Is Mirae Asset Tiger Consumer Goods Balanced 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 Consumer Goods stock to perform well in the short-term period.

Current score: 1.750 Buy Candidate Unchanged

Predicted Opening Price for Mirae Asset Tiger Consumer Goods Balanced ETF of Monday, May 20, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.