Kingdee International Software Group Co Stock Forecast
Kingdee International Software Group Co stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 28, 2024)
The Kingdee International Software Group Co stock price gained 0.137% on the last trading day (Friday, 28th Jun 2024), rising from HK$7.31 to HK$7.32. During the last trading day the stock fluctuated 4.37% from a day low at HK$7.32 to a day high of HK$7.64. The price has been going up and down for this period, and there has been a -10.73% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 948 thousand more shares were traded than the day before. In total, 13 million shares were bought and sold for approximately HK$96.84 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 -9.22% during the next 3 months and, with a 90% probability hold a price between HK$5.95 and HK$8.11 at the end of this 3-month period.
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0268.HK Signals & Forecast
There are mixed signals in the stock today. 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$7.44 and HK$8.22. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 0.137%. 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.
A buy signal from a double bottom formation was found on Thursday, June 27, 2024 and based on theory for this formation the price should go up by 34.55% to HK$9.85 within 46 trading days since signal was issued (Monday, September 02, 2024).
Support, Risk & Stop-loss for Kingdee International Software Group Co stock
Kingdee International Software Group Co finds support from accumulated volume at HK$7.31 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$0.320 between high and low, or 4.37%. For the last week, the stock has had daily average volatility of 3.34%.
Our recommended stop-loss: HK$6.85 (-6.37%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 32 days ago.)
Trading Expectations (0268.HK) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect Kingdee International Software Group Company Limited to open at HK$7.43, and during the day (based on 14 day Average True Range), to move between HK$6.98 and HK$7.66, which gives a possible trading interval of +/-HK$0.335 (+/-4.58%) 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 9.16% 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$7.31 (0.14%) than the resistance at HK$7.84 (7.10%), 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 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.935 Hold/Accumulate Upgraded
Predicted Opening Price for Kingdee International Software Group Company Limited of Tuesday, July 2, 2024
| Fair opening price July 2, 2024 | Current price |
|---|---|
| HK$7.43 ( 1.46%) | HK$7.32 |
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 | 7.75 | 5.83% |
| R2 | 7.62 | 4.16% |
| R1 | 7.55 | 3.13% |
| Price | 7.32 | |
| S1 | 7.30 | -0.213% |
| S2 | 7.23 | -1.24% |
| S3 | 7.11 | -2.91% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 8.83 | 20.63% |
| R2 | 8.00 | 9.29% |
| R1 | 7.84 | 7.10% |
| Price | 7.32 | |
| S1 | 7.31 | -0.137% |
| S2 | 7.28 | -0.546% |
| S3 | 0 | - |
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% |
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