Mirae Asset Tiger Synth-Global Infra ETF Stock Forecast
Red day on Friday for Mirae Asset Tiger Synth-Global Infra ETF
(Updated on Jun 28, 2024)
The Mirae Asset Tiger Synth-Global Infra ETF stock price fell by -0.99% on the last day (Friday, 28th Jun 2024) from ₩13,080.00 to ₩12,950.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 0.695% from a day low at ₩12,950.00 to a day high of ₩13,040.00. The price has fallen in 6 of the last 10 days and is down by -0.99% for this period. 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 -626 shares and in total, 639 shares were bought and sold for approximately ₩8.28 million.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₩12,845.10 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 7.03% during the next 3 months and, with a 90% probability hold a price between ₩13,747.69 and ₩14,569.68 at the end of this 3-month period.
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269370.KS Signals & Forecast
There are few to no technical positive signals at the moment. The Mirae Asset Tiger Synth-Global Infra 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 ₩13,096.43 and ₩13,121.57. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 03, 2024, and so far it has fallen -2.96%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Mirae Asset Tiger Synth-Global Infra ETF stock
Mirae Asset Tiger Synth-Global Infra ETF finds support from accumulated volume at ₩12,945.00 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 ₩90.00 between high and low, or 0.695%. For the last week the stock has had daily average volatility of 1.04%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (269370.KS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Mirae Asset Tiger Synth-Global Infra ETF to open at ₩12,980.00, and during the day (based on 14 day Average True Range), to move between ₩12,788.09 and ₩13,111.91, which gives a possible trading interval of +/-₩161.91 (+/-1.25%) up or down from last closing price. If Mirae Asset Tiger Synth-Global Infra ETF takes out the full calculated possible swing range there will be an estimated 2.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩12,945.00 (0.04%) than the resistance at ₩13,080.00 (1.00%), 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 Synth-Global Infra ETF stock A Buy?
The Mirae Asset Tiger Synth-Global Infra ETF stock holds several negative signals and despite the positive trend, we believe Mirae Asset Tiger Synth-Global Infra ETF will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.197 Sell Candidate Unchanged
Predicted Opening Price for Mirae Asset Tiger Synth-Global Infra ETF of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ₩12,980.00 ( 0.232%) | ₩12,950.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 269370.KS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13,070.00 | 0.93% |
| R2 | 13,035.62 | 0.661% |
| R1 | 13,014.38 | 0.497% |
| Price | 12,950.00 | |
| S1 | 12,945.62 | -0.0338% |
| S2 | 12,924.38 | -0.198% |
| S3 | 12,890.00 | -0.463% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13,250.00 | 2.32% |
| R2 | 13,200.00 | 1.93% |
| R1 | 13,080.00 | 1.00% |
| Price | 12,950.00 | |
| S1 | 12,945.00 | -0.0386% |
| S2 | 12,500.00 | -3.47% |
| S3 | 12,445.00 | -3.90% |
269370 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | May 03, 2024 | ₩100.00 | 0.795% |
| 2 | Jan 30, 2024 | Jan 30, 2024 | Feb 02, 2024 | ₩100.00 | 0.85% |
| 3 | Oct 30, 2023 | Oct 30, 2023 | Oct 30, 2023 | ₩75.00 | 0.691% |
| 4 | Jul 28, 2023 | Jul 28, 2023 | Jul 28, 2023 | ₩180.00 | 1.52% |
| 5 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | ₩80.00 | 0.633% |
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