Daphne International Holdings Limited Stock Forecast
Daphne International Holdings Limited stock price ended at HK$0.171 on Tuesday, after losing 0%.
(Updated on May 21, 2024)
No changes to the price of Daphne International Holdings Limited stock on the last trading day (Tuesday, 21st May 2024). During the last trading day the stock fluctuated 3.55% from a day low at HK$0.169 to a day high of HK$0.175. The price has fallen in 5 of the last 10 days and is down by -12.31% for this period.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$0.164 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -9.44% during the next 3 months and, with a 90% probability hold a price between HK$0.149 and HK$0.186 at the end of this 3-month period.
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0210.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, May 17, 2024, and so far it has risen 3.64%. 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 Daphne International Holdings Limited 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 HK$0.179 and HK$0.189. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".
A sell signal from a double top formation was found on Monday, March 18, 2024 with a target of HK$0.202. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for Daphne International Holdings Limited stock
Daphne International Holdings Limited finds support from accumulated volume at HK$0.165 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved HK$0.0060 between high and low, or 3.55%. For the last week the stock has had daily average volatility of 5.26%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0210.HK) For The Upcoming Trading Day Of Wednesday 22nd
For the upcoming trading day on Wednesday, 22nd we expect Daphne International Holdings Limited to open at HK$0.172, and during the day (based on 14 day Average True Range), to move between HK$0.163 and HK$0.179, which gives a possible trading interval of +/-HK$0.0080 (+/-4.67%) up or down from last closing price. If Daphne International Holdings Limited takes out the full calculated possible swing range there will be an estimated 9.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at HK$0.165 (3.51%) than the resistance at HK$0.179 (4.68%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Daphne International Holdings Limited stock A Buy?
Daphne International Holdings Limited holds several negative signals and is within a 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.
Current score: -3.467 Sell Candidate Unchanged
Predicted Opening Price for Daphne International Holdings Limited of Wednesday, May 22, 2024
| Fair opening price May 22, 2024 | Current price |
|---|---|
| HK$0.172 ( 0.390%) | HK$0.171 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0210.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.178 | 3.90 % | |
| R2 | 0.175 | 2.56 % | ||
| R1 | 0.174 | 1.73 % | ||
| Current price: | 0.171 | |||
| Support | S1 | 0.169 | -0.95 % | |
| S2 | 0.168 | -1.78 % | ||
| S3 | 0.166 | -3.12 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.200 | 16.96 % | |
| R2 | 0.194 | 13.45 % | ||
| R1 | 0.179 | 4.68 % | ||
| Current price | 0.171 | |||
| Support | S1 | 0.165 | -3.51% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
0210 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 14, 2024 | Jun 14, 2024 | Jul 04, 2024 | HK$0.0100 | 5.85% |
| 2 | Sep 08, 2014 | Sep 08, 2014 | Sep 08, 2014 | HK$0.0350 | 0.86% |
| 3 | May 27, 2014 | May 27, 2014 | May 27, 2014 | HK$0.0200 | 0.651% |
| 4 | Sep 18, 2013 | Sep 18, 2013 | Sep 18, 2013 | HK$0.0600 | 1.17% |
| 5 | May 15, 2013 | May 15, 2013 | May 15, 2013 | HK$0.0900 | 1.12% |
FAQ
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