Dexin China Holdings Company Limited Stock Forecast

Volatile ride for Dexin China Holdings Company Limited stock price on Friday moving between HK$0.113 and HK$0.144
(Updated on May 17, 2024)

2019.HK Signals & Forecast

The Dexin China Holdings Company Limited 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$0.0901 and HK$0.0641. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 28, 2024, and so far it has risen 153.70%. Further rise is indicated until a new top pivot has been found. 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.

Support, Risk & Stop-loss for Dexin China Holdings Company Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at HK$0.110. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at HK$ may give a huge drop in the stock price.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved HK$0.0310 between high and low, or 27.43%. For the last week, the stock has had daily average volatility of 23.40%.

The Dexin China Holdings Company Limited stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: HK$0.133 (-3.18%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 91 and this increases the risk substantially. There is a buy signal from a pivot bottom found 31 days ago.)

Trading Expectations (2019.HK) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Dexin China Holdings Company Limited to open at HK$0.131, and during the day (based on 14 day Average True Range), to move between HK$0.125 and HK$0.149, which gives a possible trading interval of +/-HK$0.0120 (+/-8.73%) up or down from last closing price. If Dexin China Holdings Company Limited takes out the full calculated possible swing range there will be an estimated 17.45% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ HK$0.110, some HK$0.0270 (19.71%) from the current price of HK$0.137, our system finds the risk reward attractive.

Is Dexin China Holdings Company Limited stock A Buy?

Dexin China Holdings Company 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.

Current score: 0.000 Hold/Accumulate Unchanged

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 Dexin China Holdings Company Limited of Monday, May 20, 2024

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