Duiba Group 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
Duiba Group Limited stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 31, 2024)
The Duiba Group Limited stock price gained 1.72% on the last trading day (Friday, 31st May 2024), rising from HK$0.290 to HK$0.295. During the last trading day the stock fluctuated 7.14% from a day low at HK$0.280 to a day high of HK$0.300. The price has been going up and down for this period, and there has been a -9.23% loss for the last 2 weeks. Volume fell on the last day by -79 thousand shares and in total, 139 thousand shares were bought and sold for approximately HK$41.06 thousand. 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 very 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$0.291 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 15.63% during the next 3 months and, with a 90% probability hold a price between HK$0.336 and HK$0.427 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
1753.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 1.72%. 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. The Duiba Group 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$0.306 and HK$0.314. A break-up above any of these levels will issue buy signals. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Duiba Group Limited stock
Duiba Group Limited finds support from accumulated volume at HK$0.290 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved HK$0.0200 between high and low, or 7.14%. For the last week the stock has had daily average volatility of 4.48%.
Our recommended stop-loss: HK$0.278 (-5.82%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (1753.HK) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Duiba Group Limited to open at HK$0.292, and during the day (based on 14 day Average True Range), to move between HK$0.278 and HK$0.312, which gives a possible trading interval of +/-HK$0.0174 (+/-5.91%) up or down from last closing price. If Duiba Group Limited takes out the full calculated possible swing range there will be an estimated 11.82% 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$0.300 (1.69%) than the support at HK$0.290 (1.69%), 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 negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: 0.326 Hold/Accumulate Upgraded
Predicted Opening Price for Duiba Group Limited of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| HK$0.292 ( 1.13%) | HK$0.295 |
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 | 0.312 | 5.65 % | |
| R2 | 0.304 | 3.06 % | ||
| R1 | 0.299 | 1.46 % | ||
| Current price: | 0.295 | |||
| Support | S1 | 0.284 | -3.72 % | |
| S2 | 0.279 | -5.32 % | ||
| S3 | 0.272 | -7.91 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.355 | 20.34 % | |
| R2 | 0.310 | 5.08 % | ||
| R1 | 0.300 | 1.69 % | ||
| Current price | 0.295 | |||
| Support | S1 | 0.290 | -1.69% | |
| S2 | 0.275 | -6.78% | ||
| S3 | 0.270 | -8.47% |
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
Click here for our free guide on how to buy Duiba Group Limited Stock.
