Dickson Concepts (International) Limited Stock Forecast
Dickson Concepts (International) Limited stock upgraded to Buy Candidate.
(Updated on Jun 19, 2024)
The Dickson Concepts (International) Limited stock price fell by -4.23% on the last day (Wednesday, 19th Jun 2024) from HK$6.14 to HK$5.88. During the last trading day the stock fluctuated 5.84% from a day low at HK$5.82 to a day high of HK$6.16. The price has risen in 7 of the last 10 days and is up by 22.5% over the past 2 weeks. 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 -288 thousand shares and in total, 251 thousand shares were bought and sold for approximately HK$1.48 million.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.23% during the next 3 months and, with a 90% probability hold a price between HK$5.18 and HK$6.59 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$5.54 and HK$5.09. 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 Tuesday, June 18, 2024, and so far it has fallen -4.23%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Dickson Concepts (International) Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$5.42 and HK$5.00. 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, Dickson Concepts (International) Limited finds support just below today's level at HK$5.42. If this is broken, then the next support from accumulated volume will be at HK$5.00 and HK$4.92.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved HK$0.340 between high and low, or 5.84%. For the last week the stock has had daily average volatility of 5.42%.
Our recommended stop-loss: HK$5.63 (-4.28%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (0113.HK) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Dickson Concepts (International) Limited to open at HK$5.95, and during the day (based on 14 day Average True Range), to move between HK$5.71 and HK$6.05, which gives a possible trading interval of +/-HK$0.166 (+/-2.82%) 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 5.64% 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$5.90 (0.34%) than the support at HK$5.42 (7.82%), 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.774 Buy Candidate Upgraded
Predicted Opening Price for Dickson Concepts (International) Limited of Thursday, June 20, 2024
Fair opening price June 20, 2024 | Current price |
---|---|
HK$5.95 ( 1.25%) | HK$5.88 |
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 | |
---|---|---|
R3 | 6.29 | 7.03% |
R2 | 6.16 | 4.82% |
R1 | 6.08 | 3.46% |
Price | 5.88 | |
S1 | 5.82 | -0.96% |
S2 | 5.74 | -2.33% |
S3 | 5.61 | -4.54% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 6.14 | 4.42% |
R1 | 5.90 | 0.340% |
Price | 5.88 | |
S1 | 5.42 | -7.82% |
S2 | 5.00 | -14.97% |
S3 | 4.92 | -16.33% |
0113 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Aug 13, 2024 | Aug 13, 2024 | Aug 23, 2024 | HK$0.350 | 5.94% |
2 | Jan 02, 2024 | Jan 02, 2024 | Jan 19, 2024 | HK$0.100 | 2.21% |
3 | Aug 15, 2023 | Aug 15, 2023 | Aug 25, 2023 | HK$0.270 | 6.84% |
4 | Jan 03, 2023 | Jan 03, 2023 | Jan 03, 2023 | HK$0.0800 | 1.98% |
5 | Aug 11, 2022 | Aug 11, 2022 | Aug 11, 2022 | HK$0.270 | 7.34% |
FAQ
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