D&O Home Collection Co Ltd Stock Forecast
D&O Home Collection Co Ltd stock downgraded to Strong Sell Candidate
(Updated on Jun 17, 2024)
The D&O Home Collection Co Ltd stock price fell by -2.33% on the last day (Monday, 17th Jun 2024) from ¥3.44 to ¥3.36. During the last trading day the stock fluctuated 4.19% from a day low at ¥3.34 to a day high of ¥3.48. The price has fallen in 7 of the last 10 days and is down by -12.95% for this period. 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 -210 thousand shares and in total, 5 million shares were bought and sold for approximately ¥16.00 million.
The stock lies in the middle of a very wide and 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 -21.53% during the next 3 months and, with a 90% probability hold a price between ¥2.04 and ¥3.28 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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002798.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 06, 2024, and so far it has risen 3.07%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The D&O Home Collection Co Ltd 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 ¥3.41 and ¥3.87. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for D&O Home Collection Co Ltd stock
D&O Home Collection Co Ltd finds support from accumulated volume at ¥3.26 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 ¥0.140 between high and low, or 4.19%. For the last week, the stock has had daily average volatility of 5.60%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002798.SZ) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect D&O Home Collection Co Ltd to open at ¥3.39, and during the day (based on 14 day Average True Range), to move between ¥3.08 and ¥3.64, which gives a possible trading interval of +/-¥0.277 (+/-8.24%) up or down from last closing price. If D&O Home Collection Co Ltd takes out the full calculated possible swing range there will be an estimated 16.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥3.26 (2.98%) than the resistance at ¥3.74 (11.31%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is D&O Home Collection Co Ltd stock A Buy?
D&O Home Collection Co Ltd holds several negative signals and is within a very wide and 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.189 Strong Sell Candidate Downgraded
Predicted Opening Price for D&O Home Collection Co Ltd of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| ¥3.39 ( 0.99%) | ¥3.36 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002798.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.53 | 5.16% |
| R2 | 3.48 | 3.57% |
| R1 | 3.45 | 2.58% |
| Price | 3.36 | |
| S1 | 3.34 | -0.600% |
| S2 | 3.31 | -1.58% |
| S3 | 3.25 | -3.17% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.09 | 21.73% |
| R2 | 4.01 | 19.35% |
| R1 | 3.74 | 11.31% |
| Price | 3.36 | |
| S1 | 3.26 | -2.98% |
| S2 | 0 | - |
| S3 | 0 | - |
002798 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 02, 2022 | Jun 02, 2022 | Jun 02, 2022 | ¥0.200 | 2.19% |
| 2 | Apr 30, 2021 | Apr 30, 2021 | Apr 30, 2021 | ¥0.200 | 1.09% |
| 3 | Jun 09, 2020 | Jun 09, 2020 | Jun 09, 2020 | ¥0.0990 | 0.290% |
| 4 | Jun 06, 2019 | Jun 06, 2019 | Jun 06, 2019 | ¥0.300 | 1.73% |
| 5 | May 18, 2018 | May 18, 2018 | May 18, 2018 | ¥0.118 | 0.606% |
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