DCB Holdings Ltd Stock Forecast
DCB Holdings Ltd stock downgraded to Sell Candidate
(Updated on May 10, 2024)
The DCB Holdings Ltd stock price fell by -1.89% on the last day (Friday, 10th May 2024) from HK$0.530 to HK$0.520. During the last trading day the stock fluctuated 0% from a day low at HK$0.520 to a day high of HK$0.520. The price has been going up and down for this period, and there has been a -3.7% loss for the last 2 weeks. Volume has increased on the last day by 180 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, 215 thousand shares were bought and sold for approximately HK$111.80 thousand.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$0.501 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -4.06% during the next 3 months and, with a 90% probability hold a price between HK$0.481 and HK$0.583 at the end of this 3-month period.
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8040.HK Signals & Forecast
There are few to no technical positive signals at the moment. The DCB Holdings 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$0.550 and HK$0.563. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 02, 2024, and so far it has fallen -14.75%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). DCB Holdings 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 DCB Holdings Ltd stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 between high and low, or 0%. For the last week, the stock has had daily average volatility of 1.13%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (8040.HK) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect DCB Holdings Ltd to open at HK$0.520, and during the day (based on 14 day Average True Range), to move between HK$0.492 and HK$0.548, which gives a possible trading interval of +/-HK$0.0285 (+/-5.47%) up or down from last closing price. If DCB Holdings Ltd takes out the full calculated possible swing range there will be an estimated 10.94% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ HK$0.560, some HK$0.0400 (7.69%) from the current price of HK$0.520, our system finds the risk reward not very attractive.
Is DCB Holdings Ltd stock A Buy?
DCB Holdings Ltd holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.618 Sell Candidate Downgraded
Predicted Opening Price for DCB Holdings Ltd of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| HK$0.520 ( 0%) | HK$0.520 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8040.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.520 | . | |
| R2 | 0.520 | . | ||
| R1 | 0.520 | . | ||
| Current price: | 0.520 | |||
| Support | S1 | 0.520 | . | |
| S2 | 0.520 | . | ||
| S3 | 0.520 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.580 | 11.54 % | |
| R2 | 0.570 | 9.62 % | ||
| R1 | 0.560 | 7.69 % | ||
| Current price | 0.520 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
8040 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 05, 2021 | Aug 05, 2021 | Aug 05, 2021 | HK$0.0110 | 5.67% |
| 2 | Aug 06, 2020 | Aug 06, 2020 | Aug 06, 2020 | HK$0.0075 | 7.81% |
| 3 | Aug 07, 2019 | Aug 07, 2019 | Aug 07, 2019 | HK$0.0120 | 4.62% |
| 4 | Aug 08, 2018 | Aug 08, 2018 | Aug 08, 2018 | HK$0.0120 | 1.64% |
FAQ
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