Dickson Concepts (International) Limited Stock Forecast
Green day on Friday for Dickson Concepts (International) Limited stock after gaining 0.200%
(Updated on May 17, 2024)
The Dickson Concepts (International) Limited stock price gained 0.200% on the last trading day (Friday, 17th May 2024), rising from HK$4.99 to HK$5.00. 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 3.31% from a day low at HK$4.84 to a day high of HK$5.00. The price has risen in 6 of the last 10 days. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 16 thousand more shares were traded than the day before. In total, 39 thousand shares were bought and sold for approximately HK$192.50 thousand.
The stock lies in the lower part of a narrow and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$4.96 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 12.26% during the next 3 months and, with a 90% probability hold a price between HK$5.57 and HK$5.84 at the end of this 3-month period.
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0113.HK Signals & Forecast
The Dickson Concepts (International) Limited 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 HK$4.98 and HK$4.97. A breakdown below any of these levels will issue sell signals. Dickson Concepts (International) Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 -1.77%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Dickson Concepts (International) Limited stock
Dickson Concepts (International) Limited finds support from accumulated volume at HK$4.92 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 HK$0.160 between high and low, or 3.31%. For the last week the stock has had daily average volatility of 1.85%.
Our recommended stop-loss: HK$4.78 (-4.32%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (0113.HK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Dickson Concepts (International) Limited to open at HK$4.95, and during the day (based on 14 day Average True Range), to move between HK$4.92 and HK$5.08, which gives a possible trading interval of +/-HK$0.0846 (+/-1.69%) up or down from last closing price. If Dickson Concepts (International) Limited takes out the full calculated possible swing range there will be an estimated 3.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at HK$5.01 (0.20%) than the support at HK$4.92 (1.60%), 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 Dickson Concepts (International) Limited 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 Dickson Concepts (International) Limited stock to perform well in the short-term.
Current score: 3.667 Buy Candidate Unchanged
Predicted Opening Price for Dickson Concepts (International) Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| HK$4.95 ( 1.07%) | HK$5.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0113.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.11 | 2.13 % | |
| R2 | 5.05 | 0.91 % | ||
| R1 | 5.01 | 0.156 % | ||
| Current price: | 5.00 | |||
| Support | S1 | 4.89 | -2.29 % | |
| S2 | 4.85 | -3.04 % | ||
| S3 | 4.79 | -4.27 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.08 | 1.60 % | |
| R2 | 5.02 | 0.400 % | ||
| R1 | 5.01 | 0.200 % | ||
| Current price | 5.00 | |||
| Support | S1 | 4.92 | -1.60% | |
| S2 | 4.90 | -2.00% | ||
| S3 | 4.65 | -7.00% |
0113 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 02, 2024 | Jan 02, 2024 | Jan 02, 2024 | HK$0 | 0% |
| 2 | Jan 03, 2023 | Jan 03, 2023 | Jan 03, 2023 | HK$0.0800 | 1.98% |
| 3 | Aug 11, 2022 | Aug 11, 2022 | Aug 11, 2022 | HK$0.270 | 7.34% |
| 4 | Jan 04, 2022 | Jan 04, 2022 | Jan 04, 2022 | HK$0.0800 | 1.87% |
| 5 | Aug 12, 2021 | Aug 12, 2021 | Aug 12, 2021 | HK$0.270 | 6.29% |
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