Mirae Asset Tiger KOSDAQ150 ETF Stock Forecast
Mirae Asset Tiger KOSDAQ150 ETF stock price down 0.711% on Friday
(Updated on May 17, 2024)
The Mirae Asset Tiger KOSDAQ150 ETF stock price fell by -0.711% on the last day (Friday, 17th May 2024) from ₩16,885.00 to ₩16,765.00. During the last trading day the stock fluctuated 0.81% from a day low at ₩16,765.00 to a day high of ₩16,900.00. The price has risen in 6 of the last 10 days and is up by 0.03% 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 -253 shares and in total, 9 shares were bought and sold for approximately ₩150.89 thousand.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.87% during the next 3 months and, with a 90% probability hold a price between ₩17,398.86 and ₩19,080.36 at the end of this 3-month period.
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261060.KS Signals & Forecast
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. The Mirae Asset Tiger KOSDAQ150 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 ₩16,932.86 and ₩16,998.57. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 08, 2024, and so far it has fallen -3.09%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Mirae Asset Tiger KOSDAQ150 ETF stock
Mirae Asset Tiger KOSDAQ150 ETF finds support from accumulated volume at ₩16,750.00 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved ₩135.00 between high and low, or 0.81%. For the last week the stock has had daily average volatility of 0.97%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (261060.KS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Mirae Asset Tiger KOSDAQ150 ETF to open at ₩16,810.00, and during the day (based on 14 day Average True Range), to move between ₩16,467.91 and ₩17,062.09, which gives a possible trading interval of +/-₩297.09 (+/-1.77%) up or down from last closing price. If Mirae Asset Tiger KOSDAQ150 ETF takes out the full calculated possible swing range there will be an estimated 3.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩16,750.00 (0.09%) than the resistance at ₩16,980.00 (1.28%), 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 KOSDAQ150 ETF stock A Buy?
The Mirae Asset Tiger KOSDAQ150 ETF stock holds several negative signals and despite the positive trend, we believe Mirae Asset Tiger KOSDAQ150 ETF will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.700 Sell Candidate Unchanged
Predicted Opening Price for Mirae Asset Tiger KOSDAQ150 ETF of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ₩16,810.00 ( 0.268%) | ₩16,765.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 261060.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16,945.00 | 1.07 % | |
| R2 | 16,893.43 | 0.766 % | ||
| R1 | 16,861.57 | 0.576 % | ||
| Current price: | 16,765.00 | |||
| Support | S1 | 16,758.43 | -0.0392 % | |
| S2 | 16,726.57 | -0.229 % | ||
| S3 | 16,675.00 | -0.537 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17,480.00 | 4.26 % | |
| R2 | 17,070.00 | 1.82 % | ||
| R1 | 16,980.00 | 1.28 % | ||
| Current price | 16,765.00 | |||
| Support | S1 | 16,750.00 | -0.0895% | |
| S2 | 16,150.00 | -3.67% | ||
| S3 | 15,920.00 | -5.04% |
261060 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | May 03, 2024 | ₩68.00 | 0.402% |
| 2 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | ₩100.00 | 0.702% |
| 3 | Apr 28, 2022 | Apr 28, 2022 | Apr 28, 2022 | ₩110.00 | 0.674% |
| 4 | Apr 27, 2017 | Apr 27, 2017 | Apr 27, 2017 | ₩130.00 | 1.07% |
FAQ
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