Mirae Asset Tiger KRX300 ETF Stock Forecast
Mirae Asset Tiger KRX300 ETF stock downgraded from Buy Candidate to Sell Candidate after Friday trading session.
(Updated on May 17, 2024)
The Mirae Asset Tiger KRX300 ETF stock price fell by -1.34% on the last day (Friday, 17th May 2024) from ₩17,850.00 to ₩17,610.00. During the last trading day the stock fluctuated 0.94% from a day low at ₩17,610.00 to a day high of ₩17,775.00. The price has risen in 6 of the last 10 days and is up by 0.4% over the past 2 weeks. 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 -13 shares and in total, 328 shares were bought and sold for approximately ₩5.78 million.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.79% during the next 3 months and, with a 90% probability hold a price between ₩17,700.55 and ₩18,960.25 at the end of this 3-month period.
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292160.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 KRX300 ETF 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 ₩17,672.14 and ₩17,663.43. 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 16, 2024, and so far it has fallen -1.34%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Tuesday, September 12, 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 Tuesday, September 12, 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 KRX300 ETF stock
Mirae Asset Tiger KRX300 ETF finds support from accumulated volume at ₩17,270.00 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 ₩165.00 between high and low, or 0.94%. For the last week the stock has had daily average volatility of 0.732%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (292160.KS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Mirae Asset Tiger KRX300 ETF to open at ₩17,665.00, and during the day (based on 14 day Average True Range), to move between ₩17,414.47 and ₩17,805.53, which gives a possible trading interval of +/-₩195.53 (+/-1.11%) up or down from last closing price. If Mirae Asset Tiger KRX300 ETF takes out the full calculated possible swing range there will be an estimated 2.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩17,905.00 (1.68%) than the support at ₩17,270.00 (1.93%), 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 KRX300 ETF stock A Buy?
The Mirae Asset Tiger KRX300 ETF stock holds several negative signals and despite the positive trend, we believe Mirae Asset Tiger KRX300 ETF will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -1.660 Sell Candidate Downgraded
Predicted Opening Price for Mirae Asset Tiger KRX300 ETF of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ₩17,665.00 ( 0.312%) | ₩17,610.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 292160.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17,830.00 | 1.25 % | |
| R2 | 17,766.97 | 0.89 % | ||
| R1 | 17,728.03 | 0.670 % | ||
| Current price: | 17,610.00 | |||
| Support | S1 | 17,601.97 | -0.0456 % | |
| S2 | 17,563.03 | -0.267 % | ||
| S3 | 17,500.00 | -0.625 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18,190.00 | 3.29 % | |
| R2 | 17,925.00 | 1.79 % | ||
| R1 | 17,905.00 | 1.68 % | ||
| Current price | 17,610.00 | |||
| Support | S1 | 17,270.00 | -1.93% | |
| S2 | 17,255.00 | -2.02% | ||
| S3 | 17,205.00 | -2.30% |
292160 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | May 03, 2024 | ₩200.00 | 1.15% |
| 2 | Oct 30, 2023 | Oct 30, 2023 | Oct 30, 2023 | ₩35.00 | 0.239% |
| 3 | Jul 28, 2023 | Jul 28, 2023 | Jul 28, 2023 | ₩30.00 | 0.183% |
| 4 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | ₩240.00 | 1.57% |
| 5 | Apr 28, 2022 | Apr 28, 2022 | Apr 28, 2022 | ₩190.00 | 1.18% |
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