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AI Analysis of 0661.HK
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Red day on Thursday for China Daye Non-Ferrous Metals Mining Ltd stock after losing 4.00%
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 05, 2024 Gain 30.91% PDF

The China Daye Non-Ferrous Metals Mining Ltd stock price fell by -4.00% on the last day (Thursday, 28th Mar 2024) from HK$0.0750 to HK$0.0720. During the last trading day the stock fluctuated 4.17% from a day low at HK$0.0720 to a day high of HK$0.0750. The price has risen in 5 of the last 10 days and is up by 2.86% over the past 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 -4 million shares and in total, 2 million shares were bought and sold for approximately HK$132.62 thousand.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 33.41% during the next 3 months and, with a 90% probability hold a price between HK$0.0835 and HK$0.103 at the end of this 3-month period.

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0661.HK Signals & Forecast

The China Daye Non-Ferrous Metals Mining Ltd 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$0.0737. On a fall, the stock will find some support from the long-term average at approximately HK$0.0605. 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. 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. A sell signal was issued from a pivot top point on Friday, March 22, 2024, and so far it has fallen -5.26%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for China Daye Non-Ferrous Metals Mining Ltd stock

China Daye Non-Ferrous Metals Mining Ltd finds support from accumulated volume at HK$0.0700 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved HK$0.0030 between high and low, or 4.17%. For the last week the stock has had daily average volatility of 4.98%.

Our recommended stop-loss: HK$0.0681 (-5.44%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (0661.HK) For The Upcoming Trading Day Of Tuesday 2nd

For the upcoming trading day on Tuesday, 2nd we expect China Daye Non-Ferrous Metals Mining Limited to open at HK$0.0730, and during the day (based on 14 day Average True Range), to move between HK$0.0668 and HK$0.0772, which gives a possible trading interval of +/-HK$0.0052 (+/-7.23%) up or down from last closing price. If China Daye Non-Ferrous Metals Mining Limited takes out the full calculated possible swing range there will be an estimated 14.46% 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$0.0700 (2.78%) than the resistance at HK$0.0740 (2.78%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is China Daye Non-Ferrous Metals Mining 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 China Daye Non-Ferrous Metals Mining Ltd stock to perform well in the short-term.

Current score: 1.133 Buy Candidate Unchanged

Predicted Opening Price for China Daye Non-Ferrous Metals Mining Limited of Tuesday, April 2, 2024

Fair opening price April 2, 2024 Current price
HK$0.0730 ( 1.39%) HK$0.0720

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

Trading levels for 0661.HK

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.0760 5.56 %
R2 0.0749 3.96 %
R1 0.0741 2.98 %
Current price: 0.0720
Support S1 0.0719 -0.203 %
S2 0.0711 -1.19 %
S3 0.0700 -2.78 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0.0760 5.56 %
R2 0.0750 4.17 %
R1 0.0740 2.78 %
Current price 0.0720
Support S1 0.0700 -2.78%
S2 0.0630 -12.50%
S3 0.0550 -23.61%

0661 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 23, 2018 May 23, 2018 May 23, 2018 HK$0.125 154.32%

FAQ

What is the symbol for China Daye Non-Ferrous Metals Mining Limited Stock and on which exchange is it traded?
The symbol for China Daye Non-Ferrous Metals Mining Limited is 0661.HK and it is traded on the HKEX (Hong Kong Stock Exchange).

Should I buy or sell China Daye Non-Ferrous Metals Mining Limited Stock?
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 China Daye Non-Ferrous Metals Mining Ltd stock to perform well in the short-term.

How to buy China Daye Non-Ferrous Metals Mining Limited Stock?
China Daye Non-Ferrous Metals Mining Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy China Daye Non-Ferrous Metals Mining Limited Stock.

What's the current price of China Daye Non-Ferrous Metals Mining Limited Stock?
As of the end of day on the 2024-03-28, the price of an China Daye Non-Ferrous Metals Mining Limited (0661.HK) share was HK$0.0720.

What is the 52-week high and low for China Daye Non-Ferrous Metals Mining Limited Stock?
The 52-week high for China Daye Non-Ferrous Metals Mining Limited Stock is HK$0.0920 and the 52-week low is HK$0.0460.

What is the market capitalization of China Daye Non-Ferrous Metals Mining Limited Stock?
As of the 2024-03-28, the market capitalization of China Daye Non-Ferrous Metals Mining Limited is 1.288B.
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About China Daye Non-Ferrous Metals Mining Limited

China Daye Non-Ferrous Metals Mining Limited, an investment holding company, engages in the exploration, development, mining, and processing of mineral ores in China, Hong Kong, and the Republic of Mongolia. It explores for copper, gold, silver, iron, and molybdenum deposits. The company holds interests in the Tonglvshan and Tongshankou mines located in Daye City; Fengshan and Chimashan mines located in Yangxin County; and Sareke copper mine loca... 0661.HK Profile

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