Mirae Asset Tiger Money Market Active Stock Forecast
Mirae Asset Tiger Money Market Active stock upgraded to Buy Candidate.
(Updated on Jun 25, 2024)
The Mirae Asset Tiger Money Market Active stock price gained 0.0277% on the last trading day (Tuesday, 25th Jun 2024), rising from ₩54,065.00 to ₩54,080.00. During the last trading day the stock fluctuated 0.0462% from a day low at ₩54,055.00 to a day high of ₩54,080.00. The price has risen in 8 of the last 10 days and is up by 0.19% over the past 2 weeks. Volume fell on the last day by -19 thousand shares and in total, 4 thousand shares were bought and sold for approximately ₩199.83 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stockis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at ₩54,083.84 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Mirae Asset Tiger Money Market Active stock with a 90% probability to be traded between ₩54,558.43 and ₩54,581.87 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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272580.KS Signals & Forecast
Mostly positive signals in the chart today. The Mirae Asset Tiger Money Market Active 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 ₩54,052.86 and ₩53,931.86. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 0.185%. 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.
A buy signal from a double bottom formation was found on Tuesday, June 11, 2024 with a target of ₩53,857.67. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for Mirae Asset Tiger Money Market Active stock
Mirae Asset Tiger Money Market Active finds support from accumulated volume at ₩53,800.00 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 ₩25.00 between high and low, or 0.0462%. For the last week the stock has had daily average volatility of 0.0444%.
The Mirae Asset Tiger Money Market Active stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: ₩50,939.76 (-5.81%) (This stock has low daily movements and this gives low risk. The RSI14 is 93 and this increases the risk substantially. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (272580.KS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Mirae Asset Tiger Money Market Active ETF to open at ₩54,071.67, and during the day (based on 14 day Average True Range), to move between ₩54,058.68 and ₩54,101.32, which gives a possible trading interval of +/-₩21.32 (+/-0.04%) up or down from last closing price. If Mirae Asset Tiger Money Market Active ETF takes out the full calculated possible swing range there will be an estimated 0.08% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₩53,800.00, some ₩280.00 (0.52%) from the current price of ₩54,080.00, our system finds the risk reward attractive.
Is Mirae Asset Tiger Money Market Active ETF stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Mirae Asset Tiger Money Market Active stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.423 Buy Candidate Upgraded
Predicted Opening Price for Mirae Asset Tiger Money Market Active ETF of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ₩54,071.67 ( 0.0154%) | ₩54,080.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 272580.KS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 54,096.67 | 0.0308% |
| R2 | 54,087.12 | 0.0132% |
| R1 | 54,081.22 | 0.0022% |
| Price | 54,080.00 | |
| S1 | 54,062.12 | -0.0331% |
| S2 | 54,056.22 | -0.0440% |
| S3 | 54,046.67 | -0.0616% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 54,080.00 | |
| S1 | 53,800.00 | -0.518% |
| S2 | 53,755.00 | -0.601% |
| S3 | 53,715.00 | -0.675% |
272580 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | ₩535.00 | 1.07% |
FAQ
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