DT Capital Limited Stock Forecast

DT Capital Limited stock upgraded to Hold/Accumulate.
(Updated on Jul 04, 2024)

0356.HK Signals & Forecast

There are mixed signals in the stock today. The DT Capital Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at HK$0.0656. On a fall, the stock will find some support from the short-term average at HK$0.0617. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, May 30, 2024, and so far it has fallen -18.99%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). DT Capital Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for DT Capital Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at HK$0.0590 and HK$0.0520. 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, DT Capital Limited finds support just below today's level at HK$0.0590. If this is broken, then the next support from accumulated volume will be at HK$0.0520 and HK$0.0510.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved HK$0.0020 between high and low, or 3.17%. For the last week, the stock has had daily average volatility of 11.14%.

Our recommended stop-loss: HK$0.0601 (-6.08%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 28 days ago.)

Trading Expectations (0356.HK) For The Upcoming Trading Day Of Friday 5th

For the upcoming trading day on Friday, 5th we expect DT Capital Limited to open at HK$0.0640, and during the day (based on 14 day Average True Range), to move between HK$0.0576 and HK$0.0704, which gives a possible trading interval of +/-HK$0.0064 (+/-9.96%) up or down from last closing price. If DT Capital Limited takes out the full calculated possible swing range there will be an estimated 19.92% 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$0.0680 (6.25%) than the support at HK$0.0590 (7.81%), 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 DT Capital Limited stock A Buy?

DT Capital 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Upgraded

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 DT Capital Limited of Friday, July 5, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.