Mirae Asset Tiger Preferred Stock ETF Stock Forecast

Green day on Thursday for Mirae Asset Tiger Preferred Stock ETF stock after gaining 0.280%
(Updated on Jun 20, 2024)

261140.KS Signals & Forecast

Mostly positive signals in the chart today. The Mirae Asset Tiger Preferred Stock 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 ₩12,430.00 and ₩12,428.14. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 31, 2024, and so far it has risen 3.43%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. The stock had a Golden Star Signal on Tuesday, June 18, 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 Preferred Stock ETF stock

Mirae Asset Tiger Preferred Stock ETF finds support from accumulated volume at ₩12,420.00 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 ₩100.00 between high and low, or 0.80%. For the last week the stock has had daily average volatility of 0.94%.

Our recommended stop-loss: ₩11,876.21 (-5.18%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 20 days ago.)

Trading Expectations (261140.KS) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect Mirae Asset Tiger Preferred Stock ETF to open at ₩12,535.00, and during the day (based on 14 day Average True Range), to move between ₩12,372.62 and ₩12,677.38, which gives a possible trading interval of +/-₩152.38 (+/-1.22%) up or down from last closing price. If Mirae Asset Tiger Preferred Stock ETF takes out the full calculated possible swing range there will be an estimated 2.43% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₩12,420.00 (0.84%) than the resistance at ₩12,660.00 (1.08%), 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 Preferred Stock ETF stock A Buy?

Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.

Current score: 2.377 Buy Candidate Unchanged

Predicted Opening Price for Mirae Asset Tiger Preferred Stock ETF of Friday, June 21, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.