DYNAM JAPAN HOLDINGS Co., Ltd. Stock Forecast
Red day on Friday for DYNAM JAPAN HOLDINGS Co., Ltd.
(Updated on May 31, 2024)
No changes to the price of DYNAM JAPAN HOLDINGS Co., Ltd. stock on the last trading day (Friday, 31st May 2024). During the last trading day the stock fluctuated 2.04% from a day low at HK$3.92 to a day high of HK$4.00. The price has fallen in 5 of the last 10 days but is still up by 0.51% over the past 2 weeks.
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 -10.42% during the next 3 months and, with a 90% probability hold a price between HK$3.19 and HK$3.69 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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6889.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has fallen 0%. 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 gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. 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. On corrections up, there will be some resistance from the lines at HK$4.00 and HK$3.93. A break-up above any of these levels will issue buy signals.
A buy signal from a double bottom formation was found on Thursday, May 09, 2024 and based on theory for this formation the price should go up by 2.72% to HK$4.03 within 15 trading days since signal was issued (Monday, June 03, 2024).
Support, Risk & Stop-loss for DYNAM JAPAN HOLDINGS Co., Ltd. stock
DYNAM JAPAN HOLDINGS Co., Ltd. finds support from accumulated volume at HK$3.90 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved HK$0.0800 (2.04%) between high and low. For the last week, the stock has had daily average volatility of 1.22%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (6889.HK) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect DYNAM JAPAN HOLDINGS Co., Ltd. to open at HK$3.95, and during the day (based on 14 day Average True Range), to move between HK$3.82 and HK$4.02, which gives a possible trading interval of +/-HK$0.0960 (+/-2.45%) 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 4.90% 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$3.90 (0.51%) than the resistance at HK$4.29 (9.44%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is DYNAM JAPAN HOLDINGS Co., Ltd. stock A Buy?
DYNAM JAPAN HOLDINGS Co., Ltd. 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: -2.040 Sell Candidate Unchanged
Predicted Opening Price for DYNAM JAPAN HOLDINGS Co., Ltd. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| HK$3.95 ( 0.680%) | HK$3.92 |
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 | 4.03 | 2.72 % | |
| R2 | 4.00 | 1.94 % | ||
| R1 | 3.98 | 1.46 % | ||
| Current price: | 3.92 | |||
| Support | S1 | 3.92 | -0.0993 % | |
| S2 | 3.90 | -0.581 % | ||
| S3 | 3.87 | -1.36 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.35 | 10.97 % | |
| R2 | 4.33 | 10.46 % | ||
| R1 | 4.29 | 9.44 % | ||
| Current price | 3.92 | |||
| Support | S1 | 3.90 | -0.510% | |
| S2 | 3.89 | -0.765% | ||
| S3 | 3.80 | -3.06% |
6889 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 05, 2024 | Jun 05, 2024 | Jun 26, 2024 | HK$0.125 | 3.20% |
| 2 | Dec 13, 2023 | Dec 13, 2023 | Dec 13, 2023 | HK$0 | 0% |
| 3 | Jun 02, 2023 | Jun 02, 2023 | Jun 02, 2023 | HK$0.142 | 2.82% |
| 4 | Dec 12, 2022 | Dec 12, 2022 | Dec 12, 2022 | HK$0.139 | 2.28% |
| 5 | Jun 02, 2022 | Jun 02, 2022 | Jun 02, 2022 | HK$0.159 | 2.35% |
FAQ
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