Dalian Port (PDA) Company Limited Stock Forecast
Green day on Friday for Dalian Port (PDA) Company Limited
(Updated on May 17, 2024)
The Dalian Port (PDA) Company Limited stock price gained 1.54% on the last trading day (Friday, 17th May 2024), rising from HK$0.650 to HK$0.660. During the last trading day the stock fluctuated 3.08% from a day low at HK$0.650 to a day high of HK$0.670. The price has been going up and down for this period, and there has been a 8.2% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 7 million shares were bought and sold for approximately HK$4.41 million.
The stock has broken the weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at HK$0.643, a level that may pose a second chance to hit a runner. According to fan-theory HK$0.685 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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2880.HK Signals & Forecast
Mostly positive signals in the chart today. The Dalian Port (PDA) 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$0.644 and HK$0.612. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, May 06, 2024, and so far it has risen 6.45%. 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 Dalian Port (PDA) Company Limited stock
Dalian Port (PDA) Company Limited finds support from accumulated volume at HK$0.650 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved HK$0.0200 between high and low, or 3.08%. For the last week, the stock has had daily average volatility of 3.46%.
Our recommended stop-loss: HK$0.634 (-3.99%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (2880.HK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Dalian Port (PDA) Company Limited to open at HK$0.660, and during the day (based on 14 day Average True Range), to move between HK$0.640 and HK$0.680, which gives a possible trading interval of +/-HK$0.0197 (+/-2.99%) up or down from last closing price. If Dalian Port (PDA) Company Limited takes out the full calculated possible swing range there will be an estimated 5.98% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ HK$0.650, some HK$0.0100 (1.52%) from the current price of HK$0.660, our system finds the risk reward attractive.
Is Dalian Port (PDA) Company Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and the stock has broken the rising trend up, which indicates an even stronger rate of rising. We can conclude that the current level may hold a buying opportunity as there is a fair chance for Dalian Port (PDA) Company Limited stock to perform well in the short-term period. Due to a possible false trend-break listing stock as pure buy candidate is held back.
Current score: 4.509 Buy Candidate Unchanged
Predicted Opening Price for Dalian Port (PDA) Company Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| HK$0.660 ( 0%) | HK$0.660 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2880.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.680 | 3.03 % | |
| R2 | 0.672 | 1.87 % | ||
| R1 | 0.668 | 1.16 % | ||
| Current price: | 0.660 | |||
| Support | S1 | 0.652 | -1.16 % | |
| S2 | 0.648 | -1.87 % | ||
| S3 | 0.640 | -3.03 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.660 | |||
| Support | S1 | 0.650 | -1.52% | |
| S2 | 0.620 | -6.06% | ||
| S3 | 0.610 | -7.58% |
2880 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 20, 2023 | Jun 20, 2023 | Jun 20, 2023 | HK$0.0191 | 2.81% |
| 2 | Jul 05, 2022 | Jul 05, 2022 | Jul 05, 2022 | HK$0.0316 | 4.52% |
| 3 | Jun 22, 2021 | Jun 22, 2021 | Jun 22, 2021 | HK$0.0364 | 4.67% |
| 4 | Jul 06, 2020 | Jul 06, 2020 | Jul 06, 2020 | HK$0.0230 | 2.74% |
| 5 | Jul 03, 2019 | Jul 03, 2019 | Jul 03, 2019 | HK$0.0216 | 2.14% |
FAQ
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