Dream International Limited Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Monday for Dream International Limited
(Updated on Jun 17, 2024)
The Dream International Limited stock price fell by -1.08% on the last day (Monday, 17th Jun 2024) from HK$4.62 to HK$4.57. During the last trading day the stock fluctuated 2.43% from a day low at HK$4.52 to a day high of HK$4.63. The price has fallen in 6 of the last 10 days and is down by -6.16% for this period. 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 -550 thousand shares and in total, 372 thousand shares were bought and sold for approximately HK$1.70 million.
Given the current short-term trend, the stock is expected to rise 12.58% during the next 3 months and, with a 90% probability hold a price between HK$5.14 and HK$5.98 at the end of this 3-month period.
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1126.HK Signals & Forecast
There are few to no technical positive signals at the moment. 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$4.74 and HK$4.83. 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 -11.09%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Dream International Limited stock
Dream International Limited finds support from accumulated volume at HK$4.51 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$0.110 between high and low, or 2.43%. For the last week, the stock has had daily average volatility of 3.60%.
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 Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Dream International Limited to open at HK$4.57, and during the day (based on 14 day Average True Range), to move between HK$4.42 and HK$4.72, which gives a possible trading interval of +/-HK$0.153 (+/-3.36%) up or down from last closing price. If Dream International Limited takes out the full calculated possible swing range there will be an estimated 6.71% 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$4.60 (0.66%) than the support at HK$4.51 (1.31%), 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 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: -2.536 Sell Candidate Unchanged
Predicted Opening Price for Dream International Limited of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| HK$4.57 ( 0.0729%) | HK$4.57 |
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 | 4.68 | 2.48% |
| R2 | 4.64 | 1.56% |
| R1 | 4.62 | 0.99% |
| Price | 4.57 | |
| S1 | 4.53 | -0.85% |
| S2 | 4.51 | -1.41% |
| S3 | 4.46 | -2.33% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.78 | 4.60% |
| R2 | 4.70 | 2.84% |
| R1 | 4.60 | 0.656% |
| Price | 4.57 | |
| S1 | 4.51 | -1.31% |
| S2 | 4.50 | -1.53% |
| S3 | 4.43 | -3.06% |
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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