Mirae Asset TIGER Synth-Morningstar Stock Forecast
Mirae Asset TIGER Synth-Morningstar stock upgraded to Hold/Accumulate.
(Updated on Jun 25, 2024)
The Mirae Asset TIGER Synth-Morningstar stock price fell by -0.151% on the last day (Tuesday, 25th Jun 2024) from ₩16,535.00 to ₩16,510.00. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 0.97% from a day low at ₩16,465.00 to a day high of ₩16,625.00. The price has fallen in 7 of the last 10 days and is down by -0.99% for this period. Volume has increased on the last day by 7 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, 21 thousand shares were bought and sold for approximately ₩347.65 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Mirae Asset TIGER Synth-Morningstar stock with a 90% probability to be traded between ₩15,925.07 and ₩17,256.74 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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275980.KS Signals & Forecast
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. The Mirae Asset TIGER Synth-Morningstar stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ₩16,628.57 and ₩16,625.29. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 23, 2024, and so far it has fallen -2.51%. 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.
Support, Risk & Stop-loss for Mirae Asset TIGER Synth-Morningstar stock
Mirae Asset TIGER Synth-Morningstar finds support from accumulated volume at ₩15,880.00 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 ₩160.00 between high and low, or 0.97%. For the last week the stock has had daily average volatility of 1.16%.
Our recommended stop-loss: ₩15,840.62 (-4.05%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 43 days ago.)
Trading Expectations (275980.KS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Mirae Asset TIGER Synth-Morningstar Global Exponential Technology(H) to open at ₩16,533.33, and during the day (based on 14 day Average True Range), to move between ₩16,304.31 and ₩16,715.69, which gives a possible trading interval of +/-₩205.69 (+/-1.25%) up or down from last closing price. If Mirae Asset TIGER Synth-Morningstar Global Exponential Technology(H) takes out the full calculated possible swing range there will be an estimated 2.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩16,605.00 (0.58%) than the support at ₩15,880.00 (3.82%), 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 Synth-Morningstar Global Exponential Technology(H) stock A Buy?
Mirae Asset TIGER Synth-Morningstar holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.513 Hold/Accumulate Upgraded
Predicted Opening Price for Mirae Asset TIGER Synth-Morningstar Global Exponential Technology(H) of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ₩16,533.33 ( 0.141%) | ₩16,510.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 275980.KS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 16,693.33 | 1.11% |
| R2 | 16,632.21 | 0.740% |
| R1 | 16,594.45 | 0.512% |
| Price | 16,510.00 | |
| S1 | 16,472.21 | -0.229% |
| S2 | 16,434.45 | -0.458% |
| S3 | 16,373.33 | -0.83% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 16,890.00 | 2.30% |
| R2 | 16,845.00 | 2.03% |
| R1 | 16,605.00 | 0.575% |
| Price | 16,510.00 | |
| S1 | 15,880.00 | -3.82% |
| S2 | 15,790.00 | -4.36% |
| S3 | 15,540.00 | -5.88% |
FAQ
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