Kingdee International Software Group Co Stock Forecast
Red day on Thursday for Kingdee International Software Group Co
(Updated on Jun 20, 2024)
The Kingdee International Software Group Co stock price fell by -4.18% on the last day (Thursday, 20th Jun 2024) from HK$7.89 to HK$7.56. During the last trading day the stock fluctuated 5.88% from a day low at HK$7.48 to a day high of HK$7.92. The price has been going up and down for this period, and there has been a -7.24% loss for the last 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 -1 million shares and in total, 19 million shares were bought and sold for approximately HK$141.88 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 -8.14% during the next 3 months and, with a 90% probability hold a price between HK$6.17 and HK$8.33 at the end of this 3-month period.
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0268.HK Signals & Forecast
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. The Kingdee International Software Group Co 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$7.89 and HK$8.50. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 13, 2024, and so far it has fallen -19.75%. Further fall is indicated until a new bottom pivot has been found. 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 Kingdee International Software Group Co stock
Kingdee International Software Group Co finds support from accumulated volume at HK$7.55 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved HK$0.440 between high and low, or 5.88%. For the last week, the stock has had daily average volatility of 5.30%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0268.HK) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Kingdee International Software Group Company Limited to open at HK$7.65, and during the day (based on 14 day Average True Range), to move between HK$7.17 and HK$7.95, which gives a possible trading interval of +/-HK$0.385 (+/-5.10%) up or down from last closing price. If Kingdee International Software Group Company Limited takes out the full calculated possible swing range there will be an estimated 10.19% 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$7.55 (0.13%) than the resistance at HK$7.84 (3.70%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Kingdee International Software Group Company Limited stock A Buy?
Kingdee International Software Group Co 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.
Current score: -2.665 Sell Candidate Unchanged
Predicted Opening Price for Kingdee International Software Group Company Limited of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| HK$7.65 ( 1.23%) | HK$7.56 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0268.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 8.09 | 7.05% |
| R2 | 7.93 | 4.83% |
| R1 | 7.82 | 3.46% |
| Price | 7.56 | |
| S1 | 7.49 | -0.99% |
| S2 | 7.38 | -2.36% |
| S3 | 7.21 | -4.59% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 8.83 | 16.80% |
| R2 | 8.00 | 5.82% |
| R1 | 7.84 | 3.70% |
| Price | 7.56 | |
| S1 | 7.55 | -0.132% |
| S2 | 7.48 | -1.06% |
| S3 | 7.28 | -3.70% |
0268 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 14, 2020 | May 14, 2020 | May 14, 2020 | HK$0.0120 | 0.0954% |
| 2 | May 17, 2019 | May 17, 2019 | May 17, 2019 | HK$0.0114 | 0.140% |
| 3 | May 11, 2018 | May 11, 2018 | May 11, 2018 | HK$0.0160 | 0.208% |
| 4 | May 12, 2015 | May 12, 2015 | May 12, 2015 | HK$0.0150 | 0.326% |
| 5 | Apr 14, 2011 | Apr 14, 2011 | Apr 14, 2011 | HK$0.0283 | 0.603% |
FAQ
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