Mirae Asset KOSDAQ150Biotech ETF Stock Forecast
Big movements in Mirae Asset KOSDAQ150Biotech ETF stock price on Friday moving 10.68% between high and low
(Updated on May 17, 2024)
The Mirae Asset KOSDAQ150Biotech ETF stock price fell by -15.09% on the last day (Friday, 17th May 2024) from ₩11,170.00 to ₩9,485.00. During the last trading day the stock fluctuated 10.68% from a day low at ₩9,270.00 to a day high of ₩10,260.00. The price has fallen in 7 of the last 10 days and is down by -17.88% for this period. Volume has increased on the last day by 552 thousand 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, 707 thousand shares were bought and sold for approximately ₩6.71 billion.
Given the current short-term trend, the stock is expected to rise 7.73% during the next 3 months and, with a 90% probability hold a price between ₩10,218.55 and ₩14,474.92 at the end of this 3-month period.
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261070.KS Signals & Forecast
There are few to no technical positive signals at the moment. The Mirae Asset KOSDAQ150Biotech 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 ₩10,966.43 and ₩11,211.57. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -26.36%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Mirae Asset KOSDAQ150Biotech ETF stock
Mirae Asset KOSDAQ150Biotech ETF finds support from accumulated volume at ₩9,375.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₩990.00 between high and low, or 10.68%. For the last week, the stock has had daily average volatility of 4.36%.
Mirae Asset KOSDAQ150Biotech ETF is oversold on RSI14 (16). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (261070.KS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Mirae Asset KOSDAQ150Biotech ETF to open at ₩9,671.67, and during the day (based on 14 day Average True Range), to move between ₩9,016.33 and ₩9,953.67, which gives a possible trading interval of +/-₩468.67 (+/-4.94%) up or down from last closing price. If Mirae Asset KOSDAQ150Biotech ETF takes out the full calculated possible swing range there will be an estimated 9.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩9,375.00 (1.16%) than the resistance at ₩9,755.00 (2.85%), 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 KOSDAQ150Biotech ETF stock A Buy?
The Mirae Asset KOSDAQ150Biotech ETF stock holds several negative signals and despite the positive trend, we believe Mirae Asset KOSDAQ150Biotech ETF will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.394 Sell Candidate Unchanged
Predicted Opening Price for Mirae Asset KOSDAQ150Biotech ETF of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ₩9,671.67 ( 1.97%) | ₩9,485.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 261070.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10,661.67 | 12.41 % | |
| R2 | 10,283.49 | 8.42 % | ||
| R1 | 10,049.85 | 5.96 % | ||
| Current price: | 9,485.00 | |||
| Support | S1 | 9,293.49 | -2.02 % | |
| S2 | 9,059.85 | -4.48 % | ||
| S3 | 8,681.67 | -8.47 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11,460.00 | 20.82 % | |
| R2 | 11,195.00 | 18.03 % | ||
| R1 | 9,755.00 | 2.85 % | ||
| Current price | 9,485.00 | |||
| Support | S1 | 9,375.00 | -1.16% | |
| S2 | 9,270.00 | -2.27% | ||
| S3 | 9,225.00 | -2.74% |
261070 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | May 03, 2024 | ₩12.00 | 0.105% |
| 2 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | ₩5.00 | 0.0652% |
| 3 | Apr 28, 2022 | Apr 28, 2022 | Apr 28, 2022 | ₩10.00 | 0.122% |
| 4 | Apr 27, 2017 | Apr 27, 2017 | Apr 27, 2017 | ₩10.00 | 0.121% |
FAQ
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