Daohe Global Group Limited Stock Forecast
Stronger technical forecast for Daohe Global Group Limited stock price after Friday trading.
(Updated on May 31, 2024)
The Daohe Global Group Limited stock price gained 1.15% on the last trading day (Friday, 31st May 2024), rising from HK$0.0870 to HK$0.0880. During the last trading day the stock fluctuated 0% from a day low at HK$0.0880 to a day high of HK$0.0880. The price has been going up and down for this period, and there has been a 1.15% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 65 thousand more shares were traded than the day before. In total, 228 thousand shares were bought and sold for approximately HK$20.06 thousand.
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 -2.31% during the next 3 months and, with a 90% probability hold a price between HK$0.0725 and HK$0.0962 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.
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. 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$0.0844 and HK$0.0821. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Daohe Global Group 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. 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 Monday, May 27, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.
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 and with good trading volume, the risk is considered to be medium. 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 5.45%.
Our recommended stop-loss: HK$0.0845 (-4.00%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (0915.HK) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Daohe Global Group Limited to open at HK$0.0880, and during the day (based on 14 day Average True Range), to move between HK$0.0816 and HK$0.0944, which gives a possible trading interval of +/-HK$0.0064 (+/-7.24%) 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 14.48% 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$0.0890 (1.14%) than the support at HK$0.0860 (2.27%), 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 Hold/Accumulate to a Buy candidate.
Current score: 2.179 Buy Candidate Upgraded
Predicted Opening Price for Daohe Global Group Limited of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| HK$0.0880 ( 0.00000000%) | HK$0.0880 |
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 | 0.0880 | 0.00000000 % | |
| R2 | 0.0880 | 0.00000000 % | ||
| R1 | 0.0880 | 0.00000000 % | ||
| Current price: | 0.0880 | |||
| Support | S1 | 0.0880 | 0.00000000 % | |
| S2 | 0.0880 | 0.00000000 % | ||
| S3 | 0.0880 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0930 | 5.68 % | |
| R2 | 0.0900 | 2.27 % | ||
| R1 | 0.0890 | 1.14 % | ||
| Current price | 0.0880 | |||
| Support | S1 | 0.0860 | -2.27% | |
| S2 | 0.0820 | -6.82% | ||
| S3 | 0.0770 | -12.50% |
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
Click here for our free guide on how to buy Daohe Global Group Limited Stock.
