Dalipal Holdings Ltd Stock Forecast
Dalipal Holdings Ltd stock price ended at HK$5.45 on Friday, after gaining 3.42%.
(Updated on May 10, 2024)
The Dalipal Holdings Ltd stock price gained 3.42% on the last trading day (Friday, 10th May 2024), rising from HK$5.27 to HK$5.45. During the last trading day the stock fluctuated 6.65% from a day low at HK$5.11 to a day high of HK$5.45. The price has risen in 7 of the last 10 days and is up by 14.98% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 162 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately HK$7.26 million.
The stock lies in the middle of a very 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 17.70% during the next 3 months and, with a 90% probability hold a price between HK$5.04 and HK$7.62 at the end of this 3-month period.
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1921.HK Signals & Forecast
The Dalipal Holdings Ltd 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$5.21 and HK$4.82. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. 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, March 12, 2024, and so far it has fallen -6.36%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Dalipal Holdings Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$4.80 and HK$4.65. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Dalipal Holdings Ltd finds support just below today's level at HK$4.80. If this is broken, then the next support from accumulated volume will be at HK$4.65 and HK$4.50.
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$0.340 between high and low, or 6.65%. For the last week, the stock has had daily average volatility of 5.15%.
The Dalipal Holdings Ltd stock is extremely overbought on RSI14 (92). This increases the short-term risk substantially.
Our recommended stop-loss: HK$5.17 (-5.16%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 92 and this increases the risk substantially. There is a sell signal from a pivot top found 39 days ago.)
Trading Expectations (1921.HK) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Dalipal Holdings Ltd to open at HK$5.34, and during the day (based on 14 day Average True Range), to move between HK$5.20 and HK$5.70, which gives a possible trading interval of +/-HK$0.254 (+/-4.66%) up or down from last closing price. If Dalipal Holdings Ltd takes out the full calculated possible swing range there will be an estimated 9.31% 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$5.50 (0.92%) than the support at HK$4.80 (11.93%), 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 Dalipal Holdings Ltd stock A Buy?
Dalipal Holdings Ltd 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.
Current score: 5.698 Strong Buy Candidate Unchanged
Predicted Opening Price for Dalipal Holdings Ltd of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| HK$5.34 ( 2.08%) | HK$5.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1921.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.68 | 4.16 % | |
| R2 | 5.55 | 1.78 % | ||
| R1 | 5.47 | 0.304 % | ||
| Current price: | 5.45 | |||
| Support | S1 | 5.21 | -4.46 % | |
| S2 | 5.13 | -5.93 % | ||
| S3 | 5.00 | -8.32 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.82 | 6.79 % | |
| R2 | 5.65 | 3.67 % | ||
| R1 | 5.50 | 0.92 % | ||
| Current price | 5.45 | |||
| Support | S1 | 4.80 | -11.93% | |
| S2 | 4.65 | -14.68% | ||
| S3 | 4.50 | -17.43% |
1921 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 24, 2024 | May 24, 2024 | Jun 12, 2024 | HK$0.0400 | 0.734% |
| 2 | May 25, 2023 | May 25, 2023 | May 25, 2023 | HK$0.0400 | 1.63% |
| 3 | Jun 30, 2022 | Jun 30, 2022 | Jun 30, 2022 | HK$0.0300 | 1.03% |
| 4 | Mar 20, 2020 | Jun 11, 2020 | Jul 03, 2020 | HK$0.100 | 8.20% |
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