Dalian Port (PDA) Company 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
Dalian Port (PDA) Company Limited stock price ended at HK$0.630 on Friday, after gaining 1.61%.
(Updated on Jun 14, 2024)
The Dalian Port (PDA) Company Limited stock price gained 1.61% on the last trading day (Friday, 14th Jun 2024), rising from HK$0.620 to HK$0.630. During the last trading day the stock fluctuated 1.61% from a day low at HK$0.620 to a day high of HK$0.630. The price has been going up and down for this period, and there has been a -1.56% loss for the last 2 weeks. Volume fell on the last day by -488 thousand shares and in total, 632 thousand shares were bought and sold for approximately HK$398.41 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 weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$0.621 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 9.11% during the next 3 months and, with a 90% probability hold a price between HK$0.678 and HK$0.733 at the end of this 3-month period.
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2880.HK Signals & Forecast
There are mixed signals in the stock today. The Dalian Port (PDA) Company Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at HK$0.635. On a fall, the stock will find some support from the short-term average at HK$0.629. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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 also not. A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 1.61%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Dalian Port (PDA) Company Limited stock
Dalian Port (PDA) Company Limited finds support from accumulated volume at HK$0.620 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved HK$0.0100 between high and low, or 1.61%. For the last week the stock has had daily average volatility of 1.61%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (2880.HK) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Dalian Port (PDA) Company Limited to open at HK$0.627, and during the day (based on 14 day Average True Range), to move between HK$0.616 and HK$0.644, which gives a possible trading interval of +/-HK$0.0141 (+/-2.24%) 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 4.47% 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$0.640 (1.59%) than the support at HK$0.620 (1.59%), 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 Dalian Port (PDA) Company Limited stock A Buy?
Dalian Port (PDA) Company Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.465 Sell Candidate Unchanged
Predicted Opening Price for Dalian Port (PDA) Company Limited of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| HK$0.627 ( 0.529%) | HK$0.630 |
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 | |
|---|---|---|
| R3 | 0.637 | 1.06% |
| R2 | 0.633 | 0.452% |
| R1 | 0.630 | 0.0772% |
| Price | 0.630 | |
| S1 | 0.623 | -1.14% |
| S2 | 0.620 | -1.51% |
| S3 | 0.617 | -2.12% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.660 | 4.76% |
| R2 | 0.650 | 3.17% |
| R1 | 0.640 | 1.59% |
| Price | 0.630 | |
| S1 | 0.620 | -1.59% |
| S2 | 0.610 | -3.17% |
| S3 | 0.600 | -4.76% |
2880 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 03, 2024 | Jul 03, 2024 | Aug 30, 2024 | HK$0.0206 | 3.27% |
| 2 | Jun 20, 2023 | Jun 20, 2023 | Jun 20, 2023 | HK$0.0191 | 2.81% |
| 3 | Jul 05, 2022 | Jul 05, 2022 | Jul 05, 2022 | HK$0.0316 | 4.52% |
| 4 | Jun 22, 2021 | Jun 22, 2021 | Jun 22, 2021 | HK$0.0364 | 4.67% |
| 5 | Jul 06, 2020 | Jul 06, 2020 | Jul 06, 2020 | HK$0.0230 | 2.74% |
FAQ
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