Design Capital Limited Stock Forecast

Volatile ride for Design Capital Limited stock price on Friday moving between HK$0.0600 and HK$0.0680
(Updated on May 10, 2024)

1545.HK Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, May 06, 2024, and so far it has risen 6.56%. Further rise is indicated until a new top pivot has been found. Design Capital 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. The Design Capital Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at HK$0.0732. On a fall, the stock will find some support from the short-term average at HK$0.0620. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Design Capital Limited stock

Design Capital Limited finds support from accumulated volume at HK$0.0630 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved HK$0.0080 between high and low, or 13.33%. For the last week, the stock has had daily average volatility of 3.68%.

Our recommended stop-loss: HK$0.0621 (-4.40%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 4 days ago.)

Trading Expectations (1545.HK) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect Design Capital Limited to open at HK$0.0643, and during the day (based on 14 day Average True Range), to move between HK$0.0627 and HK$0.0673, which gives a possible trading interval of +/-HK$0.0023 (+/-3.55%) up or down from last closing price. If Design Capital Limited takes out the full calculated possible swing range there will be an estimated 7.10% 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$0.0630 (3.08%) than the resistance at HK$0.0680 (4.62%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Design Capital Limited stock A Buy?

Design Capital Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Upgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Design Capital Limited of Monday, May 13, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.