Daisho Microline Holdings Limited Stock Forecast
Stronger technical forecast for Daisho Microline Holdings Limited stock price after Thursday trading.
(Updated on Jun 20, 2024)
No changes to the price of Daisho Microline Holdings Limited stock on the last trading day (Thursday, 20th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at HK$0.0720 to a day high of HK$0.0720. The price has been going up and down for this period, and there has been a 10.77% gain for the last 2 weeks.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$0.0715 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 42.16% during the next 3 months and, with a 90% probability hold a price between HK$0.102 and HK$0.144 at the end of this 3-month period.
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0567.HK Signals & Forecast
The Daisho Microline Holdings Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately HK$0.0840. On a fall, the stock will find some support from the long-term average at approximately HK$0.0712. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has fallen 0%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Daisho Microline Holdings Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$0.0660 and HK$0.0650. 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, Daisho Microline Holdings Limited finds support just below today's level at HK$0.0660. If this is broken, then the next support from accumulated volume will be at HK$0.0650 and HK$0.0640.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved HK$0 between high and low, or 0%. For the last week the stock has had daily average volatility of 2.86%
Our recommended stop-loss: HK$0.0676 (-6.08%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (0567.HK) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Daisho Microline Holdings Limited to open at HK$0.0720, and during the day (based on 14 day Average True Range), to move between HK$0.0656 and HK$0.0784, which gives a possible trading interval of +/-HK$0.0064 (+/-8.83%) up or down from last closing price. If Daisho Microline Holdings Limited takes out the full calculated possible swing range there will be an estimated 17.67% 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$0.0660 (8.33%) than the resistance at HK$0.0780 (8.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Daisho Microline Holdings Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Daisho Microline Holdings Limited stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.428 Buy Candidate Upgraded
Predicted Opening Price for Daisho Microline Holdings Limited of Friday, June 21, 2024
Fair opening price June 21, 2024 | Current price |
---|---|
HK$0.0720 ( 0%) | HK$0.0720 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0567.HK
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0720 | - |
R2 | 0.0720 | - |
R1 | 0.0720 | - |
Price | 0.0720 | |
S1 | 0.0720 | - |
S2 | 0.0720 | - |
S3 | 0.0720 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0850 | 18.06% |
R2 | 0.0840 | 16.67% |
R1 | 0.0780 | 8.33% |
Price | 0.0720 | |
S1 | 0.0660 | -8.33% |
S2 | 0.0650 | -9.72% |
S3 | 0.0640 | -11.11% |
0567 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 10, 2008 | Jan 10, 2008 | Jan 10, 2008 | HK$0.0215 | 1.58% |
2 | Sep 03, 2007 | Sep 03, 2007 | Sep 03, 2007 | HK$0.0161 | 1.21% |
3 | Jan 22, 2007 | Jan 22, 2007 | Jan 22, 2007 | HK$0.0215 | 1.16% |
4 | Sep 04, 2006 | Sep 04, 2006 | Sep 04, 2006 | HK$0.0161 | 0.771% |
FAQ
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