Daohe Global Group Limited Stock Forecast
Big movements in Daohe Global Group Limited stock price on Friday moving 11.90% between high and low
(Updated on May 17, 2024)
The Daohe Global Group Limited stock price gained 6.10% on the last trading day (Friday, 17th May 2024), rising from HK$0.0820 to HK$0.0870. During the last trading day the stock fluctuated 11.90% from a day low at HK$0.0840 to a day high of HK$0.0940. The price has fallen in 5 of the last 10 days but is still up by 12.99% over the past 2 weeks. Volume fell on the last day by -7 million shares and in total, 389 thousand shares were bought and sold for approximately HK$33.84 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 -15.68% during the next 3 months and, with a 90% probability hold a price between HK$0.0607 and HK$0.0898 at the end of this 3-month period.
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0915.HK Signals & Forecast
The Daohe Global Group Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at HK$0.0824 and HK$0.0832. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 03, 2024, and so far it has risen 16.00%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Daohe Global Group Limited stock
Daohe Global Group Limited finds support from accumulated volume at HK$0.0860 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved HK$0.0100 between high and low, or 11.90%. For the last week the stock has had daily average volatility of 13.65%.
Our recommended stop-loss: HK$0.0841 (-3.38%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (0915.HK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Daohe Global Group Limited to open at HK$0.0883, and during the day (based on 14 day Average True Range), to move between HK$0.0796 and HK$0.0944, which gives a possible trading interval of +/-HK$0.0074 (+/-8.54%) up or down from last closing price. If Daohe Global Group Limited takes out the full calculated possible swing range there will be an estimated 17.08% 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$0.0880 (1.15%) than the support at HK$0.0860 (1.15%), 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 Daohe Global Group Limited stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 3.200 Buy Candidate Upgraded
Predicted Opening Price for Daohe Global Group Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| HK$0.0883 ( 1.53%) | HK$0.0870 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0915.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0983 | 13.03 % | |
| R2 | 0.0945 | 8.64 % | ||
| R1 | 0.0922 | 5.92 % | ||
| Current price: | 0.0870 | |||
| Support | S1 | 0.0845 | -2.86 % | |
| S2 | 0.0822 | -5.57 % | ||
| S3 | 0.0783 | -9.96 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.105 | 20.69 % | |
| R2 | 0.0930 | 6.90 % | ||
| R1 | 0.0880 | 1.15 % | ||
| Current price | 0.0870 | |||
| Support | S1 | 0.0860 | -1.15% | |
| S2 | 0.0830 | -4.60% | ||
| S3 | 0.0820 | -5.75% |
0915 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 28, 2016 | Dec 28, 2016 | Dec 28, 2016 | HK$0.0046 | 0.305% |
| 2 | Dec 23, 2015 | Dec 23, 2015 | Dec 23, 2015 | HK$0.0050 | 0.116% |
| 3 | Aug 31, 2015 | Aug 31, 2015 | Aug 31, 2015 | HK$0.0017 | 0.0431% |
| 4 | Dec 18, 2014 | Dec 18, 2014 | Dec 18, 2014 | HK$0.0064 | 0.94% |
| 5 | Sep 01, 2014 | Sep 01, 2014 | Sep 01, 2014 | HK$0.0081 | 2.81% |
FAQ
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