Dah Sing Financial Holdings Limited Stock Forecast
Stronger technical forecast for Dah Sing Financial Holdings Limited stock price after Tuesday trading.
(Updated on Apr 30, 2024)
The Dah Sing Financial Holdings Limited stock price gained 0.92% on the last trading day (Tuesday, 30th Apr 2024), rising from HK$21.80 to HK$22.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.38% from a day low at HK$21.75 to a day high of HK$22.05. The price has risen in 6 of the last 10 days and is up by 9.73% 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, 37 thousand more shares were traded than the day before. In total, 343 thousand shares were bought and sold for approximately HK$7.54 million.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at HK$22.27 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 38.92% during the next 3 months and, with a 90% probability hold a price between HK$25.38 and HK$30.94 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
0440.HK Signals & Forecast
The Dah Sing Financial Holdings 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$21.28 and HK$18.73. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 10.33%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Tuesday, February 20, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Tuesday, February 20, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A buy signal from a double bottom formation was found on Friday, March 15, 2024 with a target of HK$16.72. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for Dah Sing Financial Holdings Limited stock
Dah Sing Financial Holdings Limited finds support from accumulated volume at HK$21.50 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$0.300 between high and low, or 1.38%. For the last week, the stock has had daily average volatility of 3.10%.
Our recommended stop-loss: HK$21.19 (-3.66%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (0440.HK) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Dah Sing Financial Holdings Limited to open at HK$21.93, and during the day (based on 14 day Average True Range), to move between HK$21.41 and HK$22.59, which gives a possible trading interval of +/-HK$0.589 (+/-2.68%) up or down from last closing price. If Dah Sing Financial Holdings Limited takes out the full calculated possible swing range there will be an estimated 5.36% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ HK$21.50, some HK$0.500 (2.27%) from the current price of HK$22.00, our system finds the risk reward attractive.
Is Dah Sing Financial Holdings Limited stock A Buy?
Dah Sing Financial Holdings Limited holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.280 Strong Buy Candidate Upgraded
Predicted Opening Price for Dah Sing Financial Holdings Limited of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| HK$21.93 ( 0.303%) | HK$22.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0440.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.23 | 1.06 % | |
| R2 | 22.12 | 0.540 % | ||
| R1 | 22.05 | 0.218 % | ||
| Current price: | 22.00 | |||
| Support | S1 | 21.82 | -0.82 % | |
| S2 | 21.75 | -1.15 % | ||
| S3 | 21.63 | -1.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 22.00 | |||
| Support | S1 | 21.50 | -2.27% | |
| S2 | 19.60 | -10.91% | ||
| S3 | 17.98 | -18.27% |
0440 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 05, 2024 | Jun 05, 2024 | Jun 20, 2024 | HK$1.64 | 7.45% |
| 2 | Jun 07, 2023 | Jun 07, 2023 | Jun 07, 2023 | HK$0.81 | 4.15% |
| 3 | Sep 08, 2022 | Sep 08, 2022 | Sep 08, 2022 | HK$0.330 | 1.70% |
| 4 | Jun 01, 2022 | Jun 01, 2022 | Jun 01, 2022 | HK$0.730 | 3.20% |
| 5 | Sep 09, 2021 | Sep 09, 2021 | Sep 09, 2021 | HK$0.330 | 1.36% |
FAQ
Click here for our free guide on how to buy Dah Sing Financial Holdings Limited Stock.
