Duiba Group Limited Stock Forecast
A very red day for Duiba Group Limited stock price after a -5.80% fall in the Friday trading session
(Updated on May 17, 2024)
The Duiba Group Limited stock price fell by -5.80% on the last day (Friday, 17th May 2024) from HK$0.345 to HK$0.325. During the last trading day the stock fluctuated 6.15% from a day low at HK$0.325 to a day high of HK$0.345. The price has fallen in 4 of the last 10 days but is still up by 3.17% over the past 2 weeks. 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 -264 thousand shares and in total, 742 thousand shares were bought and sold for approximately HK$241.28 thousand.
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 26.22% during the next 3 months and, with a 90% probability hold a price between HK$0.390 and HK$0.459 at the end of this 3-month period.
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1753.HK Signals & Forecast
The Duiba Group Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately HK$0.340. On a fall, the stock will find some support from the long-term average at approximately HK$0.313. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Tuesday, May 07, 2024, and so far it has fallen -8.45%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Duiba Group Limited stock
Duiba Group Limited finds support from accumulated volume at HK$0.310 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved HK$0.0200 between high and low, or 6.15%. For the last week the stock has had daily average volatility of 5.80%.
Our recommended stop-loss: HK$0.306 (-5.72%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (1753.HK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Duiba Group Limited to open at HK$0.332, and during the day (based on 14 day Average True Range), to move between HK$0.304 and HK$0.346, which gives a possible trading interval of +/-HK$0.0206 (+/-6.33%) up or down from last closing price. If Duiba Group Limited takes out the full calculated possible swing range there will be an estimated 12.66% 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$0.340 (4.62%) than the support at HK$0.310 (4.62%), 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 Duiba Group Limited stock A Buy?
Duiba Group 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.918 Hold/Accumulate Downgraded
Predicted Opening Price for Duiba Group Limited of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
HK$0.332 ( 2.05%) | HK$0.325 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1753.HK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.352 | 8.21 % | |
R2 | 0.344 | 5.85 % | ||
R1 | 0.339 | 4.40 % | ||
Current price: | 0.325 | |||
Support | S1 | 0.324 | -0.299 % | |
S2 | 0.319 | -1.75 % | ||
S3 | 0.312 | -4.10 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.355 | 9.23 % | |
R2 | 0.345 | 6.15 % | ||
R1 | 0.340 | 4.62 % | ||
Current price | 0.325 | |||
Support | S1 | 0.310 | -4.62% | |
S2 | 0.300 | -7.69% | ||
S3 | 0.275 | -15.38% |
1753 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Aug 15, 2019 | Sep 11, 2019 | Oct 18, 2019 | HK$0.0900 | 2.10% |
2 | Aug 30, 2019 | Aug 30, 2019 | Aug 30, 2019 | HK$0.0900 | 2.02% |
FAQ
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