Global Digital Creations Holdings Ltd Stock Forecast
Global Digital Creations Holdings Ltd stock price took a fall of -11.59% on Friday
(Updated on May 03, 2024)
The Global Digital Creations Holdings Ltd stock price fell by -11.59% on the last day (Friday, 3rd May 2024) from HK$0.0690 to HK$0.0610. During the last trading day the stock fluctuated 3.28% from a day low at HK$0.0610 to a day high of HK$0.0630. The price has fallen in 5 of the last 10 days and is down by -22.78% for this period. Volume has increased on the last day by 10 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, 22 thousand shares were bought and sold for approximately HK$1.34 thousand.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$0.0572 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 2.27% during the next 3 months and, with a 90% probability hold a price between HK$0.0585 and HK$0.0876 at the end of this 3-month period.
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8271.HK Signals & Forecast
There are few to no technical positive signals at the moment. The Global Digital Creations 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$0.0676 and HK$0.0721. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 15, 2024, and so far it has fallen -23.75%. 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). Global Digital Creations 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". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Global Digital Creations Holdings Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$0.0570 and HK$0.0560. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at HK$0.0560 may give a huge drop in the stock price.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved HK$0.0020 between high and low, or 3.28%. For the last week, the stock has had daily average volatility of 6.19%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (8271.HK) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Global Digital Creations Holdings Limited to open at HK$0.0617, and during the day (based on 14 day Average True Range), to move between HK$0.0559 and HK$0.0661, which gives a possible trading interval of +/-HK$0.0051 (+/-8.39%) up or down from last closing price. If Global Digital Creations Holdings Limited takes out the full calculated possible swing range there will be an estimated 16.79% 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$0.0620 (1.64%) than the support at HK$0.0570 (6.56%), 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.
Earnings coming up
Global Digital Creations Holdings Limited will release earnings BMO on Wednesday, May 08, 2024. We will update the financials statements for Global Digital Creations Holdings Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 7.23% in the first trading day after earnings release.
Is Global Digital Creations Holdings Limited stock A Buy?
The Global Digital Creations Holdings Ltd stock holds several negative signals and despite the positive trend, we believe Global Digital Creations Holdings Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.445 Sell Candidate Unchanged
Predicted Opening Price for Global Digital Creations Holdings Limited of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| HK$0.0617 ( 1.09%) | HK$0.0610 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8271.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0637 | 4.37 % | |
| R2 | 0.0629 | 3.12 % | ||
| R1 | 0.0624 | 2.35 % | ||
| Current price: | 0.0610 | |||
| Support | S1 | 0.0609 | -0.160 % | |
| S2 | 0.0604 | -0.93 % | ||
| S3 | 0.0597 | -2.19 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0660 | 8.20 % | |
| R2 | 0.0630 | 3.28 % | ||
| R1 | 0.0620 | 1.64 % | ||
| Current price | 0.0610 | |||
| Support | S1 | 0.0570 | -6.56% | |
| S2 | 0.0560 | -8.20% | ||
| S3 | 0 | . |
8271 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 10, 2018 | Aug 02, 2018 | Aug 20, 2018 | HK$0.0800 | 42.11% |
FAQ
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