Dream International Limited Stock Forecast
Dream International Limited stock price ended at HK$4.62 on Friday, after gaining 1.09%.
(Updated on Jun 14, 2024)
The Dream International Limited stock price gained 1.09% on the last trading day (Friday, 14th Jun 2024), rising from HK$4.57 to HK$4.62. During the last trading day the stock fluctuated 2.67% from a day low at HK$4.50 to a day high of HK$4.62. The price has been going up and down for this period, and there has been a -4.94% loss for the last 2 weeks. Volume fell on the last day by -734 thousand shares and in total, 922 thousand shares were bought and sold for approximately HK$4.26 million. 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 lower part of a 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$4.58 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 14.01% during the next 3 months and, with a 90% probability hold a price between HK$5.22 and HK$6.06 at the end of this 3-month period.
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1126.HK Signals & Forecast
Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Dream International Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at HK$4.81 and HK$4.82. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 22, 2024, and so far it has fallen -10.12%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Dream International Limited stock
Dream International Limited finds support from accumulated volume at HK$4.60 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$0.120 between high and low, or 2.67%. For the last week, the stock has had daily average volatility of 3.64%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1126.HK) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Dream International Limited to open at HK$4.58, and during the day (based on 14 day Average True Range), to move between HK$4.46 and HK$4.78, which gives a possible trading interval of +/-HK$0.156 (+/-3.39%) up or down from last closing price. If Dream International Limited takes out the full calculated possible swing range there will be an estimated 6.77% 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$4.60 (0.43%) than the resistance at HK$4.70 (1.73%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Dream International Limited stock A Buy?
The Dream International Limited stock holds several negative signals and despite the positive trend, we believe Dream International Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.808 Sell Candidate Unchanged
Predicted Opening Price for Dream International Limited of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| HK$4.58 ( 0.87%) | HK$4.62 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1126.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.70 | 1.73% |
| R2 | 4.65 | 0.739% |
| R1 | 4.63 | 0.126% |
| Price | 4.62 | |
| S1 | 4.53 | -1.86% |
| S2 | 4.51 | -2.47% |
| S3 | 4.46 | -3.46% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.78 | 3.46% |
| R2 | 4.75 | 2.81% |
| R1 | 4.70 | 1.73% |
| Price | 4.62 | |
| S1 | 4.60 | -0.433% |
| S2 | 4.50 | -2.60% |
| S3 | 4.43 | -4.11% |
1126 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 08, 2024 | May 08, 2024 | May 27, 2024 | HK$0.350 | 6.89% |
| 2 | Sep 28, 2023 | Sep 28, 2023 | Oct 16, 2023 | HK$0.200 | 5.29% |
| 3 | May 10, 2023 | May 10, 2023 | May 10, 2023 | HK$0.300 | 7.44% |
| 4 | Sep 28, 2022 | Sep 28, 2022 | Sep 28, 2022 | HK$0.100 | 3.52% |
| 5 | May 11, 2022 | May 11, 2022 | May 11, 2022 | HK$0.100 | 3.92% |
FAQ
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