SDM Group Holdings Limited Stock Forecast
SDM Group Holdings Limited stock price ended at HK$0.214 on Friday, after losing 0%.
(Updated on Jun 28, 2024)
No changes to the price of SDM Group Holdings Limited stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at HK$0.214 to a day high of HK$0.214. The price has been going up and down for this period, and there has been a 20.22% gain for the last 2 weeks.
The stock lies in the upper part of a very wide and weak rising 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$0.215 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 5.47% during the next 3 months and, with a 90% probability hold a price between HK$0.169 and HK$0.227 at the end of this 3-month period.
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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$0.206 and HK$0.186. 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 26, 2024, and so far it has fallen -0.465%. 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
On the downside, the stock finds support just below today's level from accumulated volume at HK$0.201 and HK$0.200. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, SDM Group Holdings Limited finds support just below today's level at HK$0.201. If this is broken, then the next support from accumulated volume will be at HK$0.200 and HK$0.184.
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 4.38%
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$0.207 (-3.39%) (This stock has low daily movements and this gives low risk. The RSI14 is 97 and this increases the risk substantially. There is a sell signal from a pivot top found 55 days ago.)
Trading Expectations (8363.HK) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect SDM Group Holdings Limited to open at HK$0.214, and during the day (based on 14 day Average True Range), to move between HK$0.207 and HK$0.221, which gives a possible trading interval of +/-HK$0.0069 (+/-3.23%) 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 6.45% 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$0.215 (0.47%) than the support at HK$0.201 (6.07%), 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?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for SDM Group Holdings Limited stock to perform well in the short-term.
Current score: 2.303 Buy Candidate Unchanged
Predicted Opening Price for SDM Group Holdings Limited of Tuesday, July 2, 2024
Fair opening price July 2, 2024 | Current price |
---|---|
HK$0.214 ( 0%) | HK$0.214 |
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 | 0.214 | - |
R2 | 0.214 | - |
R1 | 0.214 | - |
Price | 0.214 | |
S1 | 0.214 | - |
S2 | 0.214 | - |
S3 | 0.214 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0 | - |
R1 | 0.215 | 0.467% |
Price | 0.214 | |
S1 | 0.201 | -6.07% |
S2 | 0.200 | -6.54% |
S3 | 0.184 | -14.02% |
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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