Mirae Asset Tiger US Dollar Leverage ETF Stock Forecast
Mirae Asset Tiger US Dollar Leverage ETF stock upgraded to Strong Buy Candidate.
(Updated on Jun 21, 2024)
The Mirae Asset Tiger US Dollar Leverage ETF stock price gained 0.507% on the last trading day (Friday, 21st Jun 2024), rising from ₩14,805.00 to ₩14,880.00. During the last trading day the stock fluctuated 0.774% from a day low at ₩14,850.00 to a day high of ₩14,965.00. The price has risen in 7 of the last 10 days and is up by 3.44% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 125 more shares were traded than the day before. In total, 410 shares were bought and sold for approximately ₩6.10 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 5.13% during the next 3 months and, with a 90% probability hold a price between ₩14,921.15 and ₩16,185.77 at the end of this 3-month period.
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261110.KS Signals & Forecast
Mostly positive signals in the chart today. 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 ₩14,717.14 and ₩14,439.29. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 16, 2024, and so far it has risen 7.20%. 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. 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
On the downside, the stock finds support just below today's level from accumulated volume at ₩14,005.00 and ₩13,980.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Mirae Asset Tiger US Dollar Leverage ETF finds support just below today's level at ₩14,005.00. If this is broken, then the next support from accumulated volume will be at ₩13,980.00 and ₩13,970.00.
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 ₩115.00 between high and low, or 0.774%. For the last week the stock has had daily average volatility of 0.557%.
Our recommended stop-loss: ₩14,305.63 (-3.86%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 44 days ago.)
Trading Expectations (261110.KS) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Mirae Asset Tiger US Dollar Leverage ETF to open at ₩14,898.33, and during the day (based on 14 day Average True Range), to move between ₩14,733.03 and ₩15,026.97, which gives a possible trading interval of +/-₩146.97 (+/-0.99%) 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 1.98% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₩14,005.00, some ₩875.00 (5.88%) from the current price of ₩14,880.00, our system finds the risk reward attractive.
Is Mirae Asset Tiger US Dollar Leverage ETF stock A Buy?
Mirae Asset Tiger US Dollar Leverage ETF holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.507 Strong Buy Candidate Upgraded
Predicted Opening Price for Mirae Asset Tiger US Dollar Leverage ETF of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| ₩14,898.33 ( 0.123%) | ₩14,880.00 |
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 | 15,013.33 | 0.90% |
| R2 | 14,969.40 | 0.601% |
| R1 | 14,942.26 | 0.418% |
| Price | 14,880.00 | |
| S1 | 14,854.40 | -0.172% |
| S2 | 14,827.26 | -0.354% |
| S3 | 14,783.33 | -0.650% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 14,880.00 | |
| S1 | 14,005.00 | -5.88% |
| S2 | 13,980.00 | -6.05% |
| S3 | 13,970.00 | -6.12% |
FAQ
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