Mirae Asset TIGER Synth-Morningstar Stock Forecast
Mirae Asset TIGER Synth-Morningstar stock price up 1.00% on Friday
(Updated on May 31, 2024)
The Mirae Asset TIGER Synth-Morningstar stock price gained 1.00% on the last trading day (Friday, 31st May 2024), rising from ₩15,455.00 to ₩15,610.00. During the last trading day the stock fluctuated 0.97% from a day low at ₩15,460.00 to a day high of ₩15,610.00. The price has risen in 5 of the last 10 days but is still down by -1.58% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 12 thousand more shares were traded than the day before. In total, 14 thousand shares were bought and sold for approximately ₩213.28 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 ₩15,478.32 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 9.39% during the next 3 months and, with a 90% probability hold a price between ₩16,931.18 and ₩17,833.50 at the end of this 3-month period.
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276000.KS Signals & Forecast
Volume is rising along with the price. This is considered to be a good technical signal. 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 ₩15,721.43 and ₩15,648.00. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 22, 2024, and so far it has fallen -3.28%. 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). The stock had a Golden Star Signal on Friday, September 01, 2023 in the long-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 12 Months
The stock had a Golden Star Signal on Friday, September 01, 2023 in the long-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 Synth-Morningstar stock
Mirae Asset TIGER Synth-Morningstar finds support from accumulated volume at ₩15,405.00 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 ₩150.00 between high and low, or 0.97%. For the last week the stock has had daily average volatility of 0.87%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (276000.KS) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Mirae Asset TIGER Synth-Morningstar Global Upstream Natural Resources(H) to open at ₩15,560.00, and during the day (based on 14 day Average True Range), to move between ₩15,427.44 and ₩15,792.56, which gives a possible trading interval of +/-₩182.56 (+/-1.17%) up or down from last closing price. If Mirae Asset TIGER Synth-Morningstar Global Upstream Natural Resources(H) takes out the full calculated possible swing range there will be an estimated 2.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩15,650.00 (0.26%) than the support at ₩15,405.00 (1.31%), 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 Upstream Natural Resources(H) stock A Buy?
The Mirae Asset TIGER Synth-Morningstar stock holds several negative signals and despite the positive trend, we believe Mirae Asset TIGER Synth-Morningstar will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.082 Sell Candidate Unchanged
Predicted Opening Price for Mirae Asset TIGER Synth-Morningstar Global Upstream Natural Resources(H) of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| ₩15,560.00 ( 0.320%) | ₩15,610.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 276000.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15,710.00 | 0.641 % | |
| R2 | 15,652.70 | 0.274 % | ||
| R1 | 15,617.30 | 0.0468 % | ||
| Current price: | 15,610.00 | |||
| Support | S1 | 15,502.70 | -0.687 % | |
| S2 | 15,467.30 | -0.91 % | ||
| S3 | 15,410.00 | -1.28 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15,890.00 | 1.79 % | |
| R2 | 15,695.00 | 0.545 % | ||
| R1 | 15,650.00 | 0.256 % | ||
| Current price | 15,610.00 | |||
| Support | S1 | 15,405.00 | -1.31% | |
| S2 | 15,375.00 | -1.51% | ||
| S3 | 15,320.00 | -1.86% |
FAQ
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