Digital China Information Service Co Ltd Stock Forecast

Red day on Wednesday for Digital China Information Service Co Ltd
(Updated on May 08, 2024)

000555.SZ Signals & Forecast

The Digital China Information Service Co Ltd 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 ¥12.92 and ¥11.54. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -2.94%. 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 Digital China Information Service Co Ltd stock

On the downside, the stock finds support just below today's level from accumulated volume at ¥12.52 and ¥12.20. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Digital China Information Service Co Ltd finds support just below today's level at ¥12.52. If this is broken, then the next support from accumulated volume will be at ¥12.20 and ¥11.37.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ¥0.97 between high and low, or 7.64%. For the last week, the stock has had daily average volatility of 12.54%.

Our recommended stop-loss: ¥12.74 (-3.42%) (This stock has high daily movements and this gives high risk. The RSI14 is 76 and this increases the risk substantially. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (000555.SZ) For The Upcoming Trading Day Of Thursday 9th

For the upcoming trading day on Thursday, 9th we expect Digital China Information Service Co Ltd to open at ¥13.19, and during the day (based on 14 day Average True Range), to move between ¥12.23 and ¥14.15, which gives a possible trading interval of +/-¥0.96 (+/-7.26%) up or down from last closing price. If Digital China Information Service Co Ltd takes out the full calculated possible swing range there will be an estimated 14.52% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ¥13.30 (0.83%) than the support at ¥12.52 (5.08%), 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 Digital China Information Service Co Ltd stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Digital China Information Service Co Ltd stock to perform well in the short-term.

Current score: 3.069 Buy Candidate Unchanged

Predicted Opening Price for Digital China Information Service Co Ltd of Thursday, May 9, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.