Mirae Asset Tiger US Dollar Leverage ETF Stock Forecast
Red day on Wednesday for Mirae Asset Tiger US Dollar Leverage ETF
(Updated on Jun 19, 2024)
The Mirae Asset Tiger US Dollar Leverage ETF stock price fell by -0.0340% on the last day (Wednesday, 19th Jun 2024) from ₩14,725.00 to ₩14,720.00. During the last trading day the stock fluctuated 0.546% from a day low at ₩14,650.00 to a day high of ₩14,730.00. The price has been going up and down for this period, and there has been a 1.13% gain for the last 2 weeks. Volume has increased on the last day by 6 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, 6 thousand shares were bought and sold for approximately ₩88.36 million.
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 5.50% during the next 3 months and, with a 90% probability hold a price between ₩14,969.15 and ₩16,255.84 at the end of this 3-month period.
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261110.KS Signals & Forecast
The Mirae Asset Tiger US Dollar Leverage 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 ₩14,655.71 and ₩14,419.00. 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 Tuesday, June 18, 2024, and so far it has fallen -0.0340%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Wednesday, May 22, 2024 in the short-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.
Golden Star
The stock had a Golden Star Signal on Wednesday, May 22, 2024 in the short-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 US Dollar Leverage ETF stock
Mirae Asset Tiger US Dollar Leverage ETF finds support from accumulated volume at ₩14,005.00 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 ₩80.00 between high and low, or 0.546%. For the last week the stock has had daily average volatility of 0.625%.
Our recommended stop-loss: ₩14,321.76 (-2.71%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (261110.KS) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Mirae Asset Tiger US Dollar Leverage ETF to open at ₩14,700.00, and during the day (based on 14 day Average True Range), to move between ₩14,568.68 and ₩14,871.32, which gives a possible trading interval of +/-₩151.32 (+/-1.03%) up or down from last closing price. If Mirae Asset Tiger US Dollar Leverage ETF takes out the full calculated possible swing range there will be an estimated 2.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩14,725.00 (0.03%) than the support at ₩14,005.00 (4.86%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Mirae Asset Tiger US Dollar Leverage ETF stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Mirae Asset Tiger US Dollar Leverage ETF stock to perform well in the short-term.
Current score: 1.536 Buy Candidate Unchanged
Predicted Opening Price for Mirae Asset Tiger US Dollar Leverage ETF of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| ₩14,700.00 ( 0.136%) | ₩14,720.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 261110.KS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14,780.00 | 0.408% |
| R2 | 14,749.44 | 0.200% |
| R1 | 14,730.56 | 0.0717% |
| Price | 14,720.00 | |
| S1 | 14,669.44 | -0.343% |
| S2 | 14,650.56 | -0.472% |
| S3 | 14,620.00 | -0.679% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 14,845.00 | 0.85% |
| R1 | 14,725.00 | 0.0340% |
| Price | 14,720.00 | |
| S1 | 14,005.00 | -4.86% |
| S2 | 13,980.00 | -5.03% |
| S3 | 13,970.00 | -5.10% |
FAQ
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