Mirae Asset Tiger 10 Year U.S. Treasury Stock Forecast
Mirae Asset Tiger 10 Year U.S. Treasury stock price up 0.165% on Friday
(Updated on Jun 21, 2024)
The Mirae Asset Tiger 10 Year U.S. Treasury stock price gained 0.165% on the last trading day (Friday, 21st Jun 2024), rising from ₩12,125.00 to ₩12,145.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.619% from a day low at ₩12,125.00 to a day high of ₩12,200.00. The price has risen in 8 of the last 10 days and is up by 1.84% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 31 thousand more shares were traded than the day before. In total, 64 thousand shares were bought and sold for approximately ₩783.09 million.
The stock has broken the narrow and weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at ₩12,097.34, a level that may pose a second chance to hit a runner. According to fan-theory ₩12,413.83 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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305080.KS Signals & Forecast
The Mirae Asset Tiger 10 Year U.S. Treasury 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 ₩12,088.57 and ₩11,862.57. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 3.80%. 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 is rising along with the price. This is considered to be a good technical signal. The stock had a Golden Star Signal on Tuesday, September 26, 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 26, 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 10 Year U.S. Treasury stock
Mirae Asset Tiger 10 Year U.S. Treasury finds support from accumulated volume at ₩11,780.00 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 ₩75.00 between high and low, or 0.619%. For the last week the stock has had daily average volatility of 0.714%.
Our recommended stop-loss: ₩11,643.32 (-4.13%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 38 days ago.)
Trading Expectations (305080.KS) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Mirae Asset Tiger 10 Year U.S. Treasury Note Futures Exchnage Traded Fund to open at ₩12,156.67, and during the day (based on 14 day Average True Range), to move between ₩12,061.13 and ₩12,228.87, which gives a possible trading interval of +/-₩83.87 (+/-0.69%) up or down from last closing price. If Mirae Asset Tiger 10 Year U.S. Treasury Note Futures Exchnage Traded Fund takes out the full calculated possible swing range there will be an estimated 1.38% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₩11,780.00, some ₩365.00 (3.01%) from the current price of ₩12,145.00, our system finds the risk reward attractive.
Is Mirae Asset Tiger 10 Year U.S. Treasury Note Futures Exchnage Traded Fund stock A Buy?
Mirae Asset Tiger 10 Year U.S. Treasury holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Mirae Asset Tiger 10 Year U.S. Treasury Note Futures Exchnage Traded Fund of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| ₩12,156.67 ( 0.0961%) | ₩12,145.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 305080.KS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 12,231.67 | 0.714% |
| R2 | 12,203.02 | 0.478% |
| R1 | 12,185.32 | 0.332% |
| Price | 12,145.00 | |
| S1 | 12,128.02 | -0.140% |
| S2 | 12,110.32 | -0.286% |
| S3 | 12,081.67 | -0.521% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 12,145.00 | |
| S1 | 11,780.00 | -3.01% |
| S2 | 11,760.00 | -3.17% |
| S3 | 11,675.00 | -3.87% |
FAQ
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