Mirae Asset Tiger Nikkei225 ETF Stock Forecast
Mirae Asset Tiger Nikkei225 ETF stock downgraded to Sell Candidate
(Updated on May 10, 2024)
The Mirae Asset Tiger Nikkei225 ETF stock price gained 0.370% on the last trading day (Friday, 10th May 2024), rising from ₩20,280.00 to ₩20,355.00. During the last trading day the stock fluctuated 1.72% from a day low at ₩20,300.00 to a day high of ₩20,650.00. The price has been going up and down for this period, and there has been a -1% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 14 thousand more shares were traded than the day before. In total, 41 thousand shares were bought and sold for approximately ₩825.66 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 Nikkei225 ETF stock with a 90% probability to be traded between ₩19,660.51 and ₩21,252.84 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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241180.KS Signals & Forecast
There are mixed signals in the stock today. The Mirae Asset Tiger Nikkei225 ETF stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₩20,450.00 and ₩20,946.14. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 1.29%. 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 Nikkei225 ETF stock
Mirae Asset Tiger Nikkei225 ETF finds support from accumulated volume at ₩20,300.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ₩350.00 (1.72%) between high and low. For the last week, the stock has had daily average volatility of 1.38%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (241180.KS) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Mirae Asset Tiger Nikkei225 ETF to open at ₩20,435.00, and during the day (based on 14 day Average True Range), to move between ₩20,021.39 and ₩20,688.61, which gives a possible trading interval of +/-₩333.61 (+/-1.64%) up or down from last closing price. If Mirae Asset Tiger Nikkei225 ETF takes out the full calculated possible swing range there will be an estimated 3.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩20,300.00 (0.27%) than the resistance at ₩20,680.00 (1.60%), 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 Nikkei225 ETF stock A Buy?
Mirae Asset Tiger Nikkei225 ETF 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: -2.112 Sell Candidate Downgraded
Predicted Opening Price for Mirae Asset Tiger Nikkei225 ETF of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| ₩20,435.00 ( 0.393%) | ₩20,355.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 241180.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20,785.00 | 2.11 % | |
| R2 | 20,651.30 | 1.46 % | ||
| R1 | 20,568.70 | 1.05 % | ||
| Current price: | 20,355.00 | |||
| Support | S1 | 20,301.30 | -0.264 % | |
| S2 | 20,218.70 | -0.670 % | ||
| S3 | 20,085.00 | -1.33 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20,955.00 | 2.95 % | |
| R2 | 20,815.00 | 2.26 % | ||
| R1 | 20,680.00 | 1.60 % | ||
| Current price | 20,355.00 | |||
| Support | S1 | 20,300.00 | -0.270% | |
| S2 | 20,155.00 | -0.98% | ||
| S3 | 20,095.00 | -1.28% |
241180 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Dec 27, 2023 | ₩250.00 | 1.36% |
| 2 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | ₩200.00 | 1.14% |
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