Dickson Concepts (International) Limited Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Dickson Concepts (International) Limited stock price up 4.43% on Friday
(Updated on Jun 14, 2024)
The Dickson Concepts (International) Limited stock price gained 4.43% on the last trading day (Friday, 14th Jun 2024), rising from HK$5.19 to HK$5.42. During the last trading day the stock fluctuated 4.56% from a day low at HK$5.26 to a day high of HK$5.50. The price has risen in 6 of the last 10 days and is up by 8.62% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 429 thousand more shares were traded than the day before. In total, 486 thousand shares were bought and sold for approximately HK$2.63 million.
The stock has broken the weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at HK$5.20, a level that may pose a second chance to hit a runner. According to fan-theory HK$5.63 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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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$5.11 and HK$5.01. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 03, 2024, and so far it has risen 14.11%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
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$5.00 and HK$4.92. 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$5.00. If this is broken, then the next support from accumulated volume will be at HK$4.92 and HK$4.90.
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 HK$0.240 (4.56%) between high and low. For the last week, the stock has had daily average volatility of 1.58%.
Our recommended stop-loss: HK$5.22 (-3.66%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 31 days ago.)
Trading Expectations (0113.HK) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Dickson Concepts (International) Limited to open at HK$5.39, and during the day (based on 14 day Average True Range), to move between HK$5.32 and HK$5.52, which gives a possible trading interval of +/-HK$0.102 (+/-1.89%) 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 3.77% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ HK$5.00, some HK$0.420 (7.75%) from the current price of HK$5.42, our system finds the risk reward attractive.
Is Dickson Concepts (International) Limited stock A Buy?
Dickson Concepts (International) Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Dickson Concepts (International) Limited of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| HK$5.39 ( 0.492%) | HK$5.42 |
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 | 5.63 | 3.94% |
| R2 | 5.54 | 2.24% |
| R1 | 5.49 | 1.20% |
| Price | 5.42 | |
| S1 | 5.30 | -2.18% |
| S2 | 5.25 | -3.23% |
| S3 | 5.15 | -4.92% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 5.42 | |
| S1 | 5.00 | -7.75% |
| S2 | 4.92 | -9.23% |
| S3 | 4.90 | -9.59% |
0113 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 13, 2024 | Aug 13, 2024 | Aug 23, 2024 | HK$0.350 | 6.46% |
| 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% |
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