DYNAM JAPAN HOLDINGS Co., Ltd. Stock Forecast
DYNAM JAPAN HOLDINGS Co., Ltd. stock upgraded to Hold/Accumulate.
(Updated on May 17, 2024)
The DYNAM JAPAN HOLDINGS Co., Ltd. stock price fell by -2.26% on the last day (Friday, 17th May 2024) from HK$3.99 to HK$3.90. During the last trading day the stock fluctuated 3.36% from a day low at HK$3.87 to a day high of HK$4.00. The price has fallen in 6 of the last 10 days and is down by -1.76% for this period. Volume has increased on the last day by 53 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 79 thousand shares were bought and sold for approximately HK$307.32 thousand.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.58% during the next 3 months and, with a 90% probability hold a price between HK$3.40 and HK$3.93 at the end of this 3-month period.
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6889.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 2.63%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The DYNAM JAPAN HOLDINGS Co., Ltd. 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$3.91 and HK$4.01. A break-up above any of these levels will issue buy signals. DYNAM JAPAN HOLDINGS Co., Ltd. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for DYNAM JAPAN HOLDINGS Co., Ltd. stock
DYNAM JAPAN HOLDINGS Co., Ltd. finds support from accumulated volume at HK$3.89 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 very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved HK$0.130 between high and low, or 3.36%. For the last week the stock has had daily average volatility of 2.68%.
Our recommended stop-loss: HK$3.71 (-4.98%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (6889.HK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect DYNAM JAPAN HOLDINGS Co., Ltd. to open at HK$3.92, and during the day (based on 14 day Average True Range), to move between HK$3.78 and HK$4.02, which gives a possible trading interval of +/-HK$0.118 (+/-3.03%) up or down from last closing price. If DYNAM JAPAN HOLDINGS Co., Ltd. takes out the full calculated possible swing range there will be an estimated 6.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at HK$3.89 (0.26%) than the resistance at HK$4.29 (10.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
DYNAM JAPAN HOLDINGS Co., Ltd. will release earnings BMO on Friday, May 24, 2024. We will update the financials statements for DYNAM JAPAN HOLDINGS Co., Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.14% in the first trading day after earnings release.
Is DYNAM JAPAN HOLDINGS Co., Ltd. stock A Buy?
DYNAM JAPAN HOLDINGS Co., Ltd. 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: -0.662 Hold/Accumulate Upgraded
Predicted Opening Price for DYNAM JAPAN HOLDINGS Co., Ltd. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| HK$3.92 ( 0.598%) | HK$3.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6889.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.05 | 3.93 % | |
| R2 | 4.00 | 2.66 % | ||
| R1 | 3.97 | 1.87 % | ||
| Current price: | 3.90 | |||
| Support | S1 | 3.87 | -0.675 % | |
| S2 | 3.84 | -1.46 % | ||
| S3 | 3.79 | -2.74 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.35 | 11.54 % | |
| R2 | 4.33 | 11.03 % | ||
| R1 | 4.29 | 10.00 % | ||
| Current price | 3.90 | |||
| Support | S1 | 3.89 | -0.256% | |
| S2 | 3.81 | -2.31% | ||
| S3 | 3.80 | -2.56% |
6889 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 13, 2023 | Dec 13, 2023 | Dec 13, 2023 | HK$0 | 0% |
| 2 | Jun 02, 2023 | Jun 02, 2023 | Jun 02, 2023 | HK$0.142 | 2.82% |
| 3 | Dec 12, 2022 | Dec 12, 2022 | Dec 12, 2022 | HK$0.139 | 2.28% |
| 4 | Jun 02, 2022 | Jun 02, 2022 | Jun 02, 2022 | HK$0.159 | 2.35% |
| 5 | Dec 10, 2021 | Dec 10, 2021 | Dec 10, 2021 | HK$0.163 | 2.44% |
FAQ
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