Mirae Asset Management - Tiger Holding Stock Forecast
Red day on Thursday for Mirae Asset Management - Tiger Holding stock after losing 1.29%
(Updated on May 02, 2024)
The Mirae Asset Management - Tiger Holding stock price fell by -1.29% on the last day (Thursday, 2nd May 2024) from ₩10,455.00 to ₩10,320.00. During the last trading day the stock fluctuated 1.65% from a day low at ₩10,320.00 to a day high of ₩10,490.00. The price has been going up and down for this period, and there has been a 4.03% gain for the last 2 weeks. Volume has increased on the last day by 1 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, 10 thousand shares were bought and sold for approximately ₩102.25 million.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -6.01% during the next 3 months and, with a 90% probability hold a price between ₩9,213.60 and ₩9,974.27 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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307520.KS Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 4.03%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Mirae Asset Management - Tiger Holding stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₩10,371.43 and ₩10,548.71. A break-up above any of these levels will issue buy signals. 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 Management - Tiger Holding stock
Mirae Asset Management - Tiger Holding finds support from accumulated volume at ₩10,150.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ₩170.00 (1.65%) between high and low. For the last week, the stock has had daily average volatility of 1.63%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (307520.KS) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Mirae Asset Management - Tiger Holding Company to open at ₩10,376.67, and during the day (based on 14 day Average True Range), to move between ₩10,126.58 and ₩10,513.42, which gives a possible trading interval of +/-₩193.42 (+/-1.87%) up or down from last closing price. If Mirae Asset Management - Tiger Holding Company takes out the full calculated possible swing range there will be an estimated 3.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩10,485.00 (1.60%) than the support at ₩10,150.00 (1.65%), 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 Management - Tiger Holding Company stock A Buy?
Mirae Asset Management - Tiger Holding holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.164 Sell Candidate Unchanged
Predicted Opening Price for Mirae Asset Management - Tiger Holding Company of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| ₩10,376.67 ( 0.549%) | ₩10,320.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 307520.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10,546.67 | 2.20 % | |
| R2 | 10,481.73 | 1.57 % | ||
| R1 | 10,441.61 | 1.18 % | ||
| Current price: | 10,320.00 | |||
| Support | S1 | 10,311.73 | -0.0802 % | |
| S2 | 10,271.61 | -0.469 % | ||
| S3 | 10,206.67 | -1.10 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10,975.00 | 6.35 % | |
| R2 | 10,765.00 | 4.31 % | ||
| R1 | 10,485.00 | 1.60 % | ||
| Current price | 10,320.00 | |||
| Support | S1 | 10,150.00 | -1.65% | |
| S2 | 10,045.00 | -2.66% | ||
| S3 | 9,920.00 | -3.88% |
307520 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | May 03, 2024 | ₩316.00 | 3.06% |
| 2 | Oct 30, 2023 | Oct 30, 2023 | Oct 30, 2023 | ₩10.00 | 0.118% |
| 3 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | ₩250.00 | 2.71% |
| 4 | Apr 28, 2022 | Apr 28, 2022 | Apr 28, 2022 | ₩220.00 | 2.08% |
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