Dynagreen Environmental Protection Group Stock Forecast
Dynagreen Environmental Protection Group stock upgraded from Buy Candidate to Strong Buy Candidate after Thursday trading session.
(Updated on May 02, 2024)
The Dynagreen Environmental Protection Group stock price gained 0.702% on the last trading day (Thursday, 2nd May 2024), rising from HK$2.85 to HK$2.87. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.75% from a day low at HK$2.85 to a day high of HK$2.90. The price has risen in 7 of the last 10 days and is up by 7.09% over the past 2 weeks. Volume fell on the last day by -3 million shares and in total, 402 thousand shares were bought and sold for approximately HK$1.15 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 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 21.31% during the next 3 months and, with a 90% probability hold a price between HK$3.30 and HK$3.66 at the end of this 3-month period.
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1330.HK Signals & Forecast
The Dynagreen Environmental Protection Group 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$2.82 and HK$2.73. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 9.54%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 also not.
Support, Risk & Stop-loss for Dynagreen Environmental Protection Group stock
Dynagreen Environmental Protection Group finds support from accumulated volume at HK$2.82 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved HK$0.0500 between high and low, or 1.75%. For the last week the stock has had daily average volatility of 2.94%.
Our recommended stop-loss: HK$2.76 (-3.70%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (1330.HK) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Dynagreen Environmental Protection Group Co., Ltd. to open at HK$2.87, and during the day (based on 14 day Average True Range), to move between HK$2.78 and HK$2.96, which gives a possible trading interval of +/-HK$0.0935 (+/-3.26%) up or down from last closing price. If Dynagreen Environmental Protection Group Co., Ltd. takes out the full calculated possible swing range there will be an estimated 6.51% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ HK$2.82, some HK$0.0500 (1.74%) from the current price of HK$2.87, our system finds the risk reward attractive.
Is Dynagreen Environmental Protection Group Co., Ltd. stock A Buy?
Dynagreen Environmental Protection Group holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.094 Strong Buy Candidate Upgraded
Predicted Opening Price for Dynagreen Environmental Protection Group Co., Ltd. of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| HK$2.87 ( 0.116%) | HK$2.87 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1330.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.92 | 1.86 % | |
| R2 | 2.90 | 1.19 % | ||
| R1 | 2.89 | 0.782 % | ||
| Current price: | 2.87 | |||
| Support | S1 | 2.85 | -0.549 % | |
| S2 | 2.84 | -0.96 % | ||
| S3 | 2.82 | -1.63 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 2.87 | |||
| Support | S1 | 2.82 | -1.74% | |
| S2 | 2.78 | -3.14% | ||
| S3 | 2.74 | -4.53% |
1330 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 06, 2024 | May 06, 2024 | Jul 01, 2024 | HK$0.162 | 5.68% |
| 2 | Jun 28, 2023 | Jun 28, 2023 | Jun 28, 2023 | HK$0.132 | 5.22% |
| 3 | Jun 28, 2022 | Jun 28, 2022 | Jun 28, 2022 | HK$0.117 | 3.50% |
| 4 | May 18, 2021 | May 18, 2021 | May 18, 2021 | HK$0.200 | 5.42% |
| 5 | May 26, 2020 | May 26, 2020 | May 26, 2020 | HK$0.109 | 3.93% |
FAQ
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