SDM Group Holdings Limited Stock Forecast
Red day on Thursday for SDM Group Holdings Limited stock after losing 0%
(Updated on Jun 20, 2024)
No changes to the price of SDM Group Holdings Limited stock on the last trading day (Thursday, 20th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at HK$0.200 to a day high of HK$0.200. The price has been going up and down for this period, and there has been a 12.36% gain for the last 2 weeks.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at HK$0.200 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -4.30% during the next 3 months and, with a 90% probability hold a price between HK$0.135 and HK$0.192 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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8363.HK Signals & Forecast
The SDM Group Holdings Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at HK$0.187 and HK$0.184. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, June 19, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for SDM Group Holdings Limited stock
SDM Group Holdings Limited finds support from accumulated volume at HK$0.195 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 therefore the general risk is considered very 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 2.99%
The SDM Group Holdings Limited stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: HK$0.194 (-3.14%) (This stock has low daily movements and this gives low risk. The RSI14 is 93 and this increases the risk substantially. There is a sell signal from a pivot top found 45 days ago.)
Trading Expectations (8363.HK) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect SDM Group Holdings Limited to open at HK$0.200, and during the day (based on 14 day Average True Range), to move between HK$0.195 and HK$0.205, which gives a possible trading interval of +/-HK$0.0054 (+/-2.69%) up or down from last closing price. If SDM Group Holdings Limited takes out the full calculated possible swing range there will be an estimated 5.38% 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$0.201 (0.50%) than the support at HK$0.195 (2.50%), 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 SDM Group Holdings Limited stock A Buy?
SDM Group Holdings Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.463 Hold/Accumulate Unchanged
Predicted Opening Price for SDM Group Holdings Limited of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| HK$0.200 ( 0.00000000%) | HK$0.200 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8363.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.200 | 0.00000000% |
| R2 | 0.200 | 0.00000000% |
| R1 | 0.200 | 0.00000000% |
| Price | 0.200 | |
| S1 | 0.200 | 0.00000000% |
| S2 | 0.200 | 0.00000000% |
| S3 | 0.200 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.209 | 4.50% |
| R2 | 0.207 | 3.50% |
| R1 | 0.201 | 0.500% |
| Price | 0.200 | |
| S1 | 0.195 | -2.50% |
| S2 | 0.184 | -8.00% |
| S3 | 0.180 | -10.00% |
8363 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 22, 2016 | May 30, 2016 | Jun 10, 2016 | HK$0.0080 | 0.86% |
FAQ
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